Crystal Falls, Michigan Property Taxes
The median property tax rate in Crystal Falls, MI is 0.82%, which is notably lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $75,700 in Crystal Falls, the typical annual property tax bill amounts to $823, significantly less than the national median of $2,690. Property taxes in Crystal Falls are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Crystal Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Crystal Falls or another part of Dickinson County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Crystal Falls, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$621
Ownwell’s Crystal Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crystal Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crystal Falls 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 Crystal Falls, Michigan
Property taxes in Crystal Falls, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crystal Falls is 0.82%, lower than the U.S. national median of 0.99%. Local government entities within Crystal Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crystal Falls 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 Crystal Falls' effective property tax rate to other counties in Michigan and the national median. For comparison, the zip code 49920 has the highest median property tax rate of 0.82%, while the same zip code also has the lowest median tax rate of 0.82%. Understanding how these cities compare with Crystal Falls provides valuable insights into the varying tax landscape across Dickinson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crystal Falls Tax Rate
0.82%
Average Dickinson County Tax Rate
1.46%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crystal Falls, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49920 | 0.79% | 0.82% | 0.82% | 1.02% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Crystal Falls, Michigan
In Crystal Falls, 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 Dickinson 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 Crystal Falls, 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. For instance, the median home price in Crystal Falls is $75,700, with tax bills ranging from $575 at the 25th percentile to $1,470 at the 90th percentile. The highest and lowest median tax bills are both $823, found in the 49920 zip code. By understanding 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 Crystal Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Crystal Falls Assessed Value
$75,700
Average Dickinson County Assessed Value
$85,400
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Crystal Falls, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49920 | $40,700 | $60,000 | $75,700 | $150,350 | $179,900 |
Source: Ownwell
Property Tax Bills Across Crystal Falls, Michigan
In Crystal Falls, MI, property tax bills are calculated based on the assessed value of the property, which is typically a percentage of the market value. For homeowners, the median home price in the area is $75,700. Property taxes are influenced by various factors, including the assessed value, local tax rates, and any applicable exemptions or deductions. The tax bill can vary significantly; for instance, the 25th percentile tax bill is $575, while the 75th percentile tax bill is $1,308, and the 90th percentile tax bill reaches up to $1,470. These variations indicate the range of tax burdens homeowners might experience. The median property tax rate in Crystal Falls is comparable to the national median rate of 0.99%, which suggests that local homeowners face a tax burden in line with national standards. Understanding these factors can help homeowners anticipate their annual property tax expenses and budget accordingly.
Average Crystal Falls Tax Bill
$823
Average Dickinson County Tax Bill
$1,193
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Crystal Falls, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49920 | $404 | $575 | $823 | $1,308 | $1,470 |
Source: Ownwell