Sterling, Michigan Property Taxes
The median property tax rate in Sterling, MI is 1.13%, considerably higher than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Sterling at $93,000, the typical annual property tax bill reaches $1,031, exceeding the national median of $2,690. Property taxes in Sterling are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sterling'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 Sterling 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
Sterling, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$1,051
Ownwell’s Sterling Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Sterling with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Sterling to project your property tax bill. This valuable tool helps you understand your potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Sterling, Michigan
Property taxes in Sterling, Michigan, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sterling is 1.13%, higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Sterling set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sterling 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 Sterling's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48659 zip code has the highest median property tax rate of 1.13%, while the same zip code also has the lowest median tax rate of 1.13%. Understanding how these areas compare with Sterling 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 Sterling Tax Rate
1.13%
Average Arenac County Tax Rate
1.29%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sterling, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48659 | 0.82% | 0.91% | 1.13% | 1.45% | 1.89% |
Source: Ownwell
Property Tax Assessment Values Across Sterling, Michigan
In Sterling, 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. 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 Sterling 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 48659, amounting to $1031, while the lowest median tax bill is also in the same zip code, reflecting the uniformity in tax assessments across the area.
Average Sterling Assessed Value
$93,000
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 Sterling, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48659 | $28,000 | $55,700 | $93,000 | $156,800 | $227,680 |
Source: Ownwell
Property Tax Bills Across Sterling, Michigan
In Sterling, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in Sterling can expect to pay property taxes that fall within various ranges. For instance, the tax bill for the 25th percentile is around $668, whereas the 75th percentile tax bill goes up to $1,641. At the higher end, the 90th percentile tax bill reaches $2,372. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. These taxes fund essential public services such as schools, emergency services, and infrastructure maintenance. Compared to the national median property tax rate of 0.99%, Sterling's property tax rates can be seen as relatively moderate, making it an attractive option for homeowners looking to balance affordability with access to quality services.
Average Sterling Tax Bill
$1,031
Average Arenac County Tax Bill
$1,273
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Sterling, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48659 | $390 | $668 | $1,031 | $1,641 | $2,372 |
Source: Ownwell