Standish, Michigan Property Taxes
The median property tax rate in Standish, MI is 1.37%, significantly higher than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $87,200 in Standish, the typical annual property tax bill reaches $1,249, surpassing the national median of $2,690. Property taxes in Standish are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Standish's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Standish or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Standish, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.37%
Estimate Property Tax Bill
$1,195
Ownwell’s Standish Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Standish with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Standish to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Standish, Michigan
Property taxes in Standish, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Standish is 1.37%, significantly higher than the U.S. national median of 0.99%. Local government entities within Standish set these rates annually, and they can vary significantly across different neighborhoods. Each year, Standish estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Standish's effective property tax rate to other areas in Michigan and the national median. For comparison, the zip code 48658 has the highest median property tax rate of 1.37%, while the same zip code also has the lowest median tax rate of 1.37%. Understanding how these cities compare with Standish provides valuable insights into the varying tax landscape across Arenac County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Standish Tax Rate
1.37%
Average Arenac County Tax Rate
1.29%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Standish, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48658 | 0.91% | 1.11% | 1.37% | 1.81% | 2.24% |
Source: Ownwell
Property Tax Assessment Values Across Standish, Michigan
In Standish, Michigan, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Arenac County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Standish, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Standish helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 48658, with a median tax bill of $1,249.
Average Standish Assessed Value
$87,200
Average Arenac County Assessed Value
$100,000
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Standish, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48658 | $25,400 | $55,700 | $87,200 | $130,600 | $194,720 |
Source: Ownwell
Property Tax Bills Across Standish, Michigan
In Standish, MI, property tax bills are determined through a combination of assessed property values and local tax rates. The assessed value typically represents a percentage of the property's market value, which is then multiplied by the local tax rate to calculate the tax bill. For homeowners, this means that changes in property values or tax rates can significantly impact their annual tax obligations. For instance, with a median home price of $87,200, homeowners in Standish may find their tax bills varying widely. The 25th percentile tax bill is approximately $844, while the 75th percentile reaches up to $1,761. At the 90th percentile, tax bills can soar to $2,416, reflecting the diverse range of property values and tax rates in the area. Comparatively, the national median property tax rate stands at 0.99%, highlighting how local factors in Standish can lead to higher or lower tax obligations. Understanding these dynamics can help homeowners anticipate and manage their property tax expenses more effectively.
Average Standish Tax Bill
$1,249
Average Arenac County Tax Bill
$1,273
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Standish, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48658 | $516 | $844 | $1,249 | $1,761 | $2,416 |
Source: Ownwell