Auburn, Michigan Property Taxes
The median property tax rate in Auburn, MI is 0.89%, which is lower than both the national median of 0.99% and Michigan's state median of 1.07%. With a median home value of $157,150 in Auburn, the typical annual property tax bill amounts to $1,633, falling below the national median of $2,690. Property taxes in Auburn are calculated based on the tax assessed value, which often is less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Auburn'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 Auburn or another part of Bay County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Auburn, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$1,399
Ownwell’s Auburn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Auburn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Auburn 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 Auburn, Michigan
Property taxes in Auburn, Michigan, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Auburn is 0.89%, slightly lower than the U.S. national median of 0.99%. Local government entities within Auburn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Auburn 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 Auburn's effective property tax rate to other regions in Michigan and the national median. For comparison, the zip code 48611 has both the highest and lowest median property tax rate of 0.89%. Understanding how these cities compare with Auburn provides valuable insights into the varying tax landscape across Bay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Auburn Tax Rate
0.89%
Average Bay County Tax Rate
1.00%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Auburn, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48611 | 0.69% | 0.77% | 0.89% | 1.49% | 1.75% |
Source: Ownwell
Property Tax Assessment Values Across Auburn, Michigan
In Auburn, 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 Bay 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 Auburn, 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 Auburn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Auburn is $157,150, with the highest and lowest median tax bills both being $1,633 in the 48611 zip code.
Average Auburn Assessed Value
$157,150
Average Bay County Assessed Value
$117,300
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Auburn, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48611 | $91,600 | $119,275 | $157,150 | $224,800 | $309,550 |
Source: Ownwell
Property Tax Bills Across Auburn, Michigan
In Auburn, located in Bay County, MI, property tax bills are calculated based on the assessed value of the property, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. For example, with a median home price of $157,150, homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. Factors influencing the tax bill include the property's size, location, and any improvements made. Additionally, local government needs and budgetary requirements play a significant role in determining the tax rate. Homeowners in Auburn face a range of tax bills, with the 25th percentile paying around $1,154, while those in the 90th percentile might see bills as high as $3,333. The median tax bill in the area is $1,633, which is notably higher than the national median property tax rate of 0.99%. This variation significantly impacts homeowners, influencing their annual expenses and overall financial planning.
Average Auburn Tax Bill
$1,633
Average Bay County Tax Bill
$1,271
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Auburn, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48611 | $870 | $1,154 | $1,633 | $2,393 | $3,333 |
Source: Ownwell