Allouez, Michigan Property Taxes
The median property tax rate in Allouez, MI is 1.40%, considerably higher than both the national median of 0.99% and Michigan's state median of 1.07%. With the median home value in Allouez, the typical annual property tax bill reaches $86, which is significantly lower than the national median of $2,690. Property taxes in Allouez are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Allouez'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 Allouez 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
Allouez, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$134
Ownwell’s Allouez Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Allouez with just two data points. By entering your property's estimated assessed value, the calculator utilizes the median tax rate in Allouez to provide an estimated property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is the value assigned by Houghton County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Allouez, Michigan
Property taxes in Allouez, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Allouez is 1.40%, significantly higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Allouez set these rates annually, and they can vary significantly across different neighborhoods. Each year, Allouez 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 Allouez's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49805 zip code has the highest median property tax rate of 1.40%, while the same zip code also has the lowest median tax rate of 1.40%. Understanding how these cities compare with Allouez provides valuable insights into the varying tax landscape across Houghton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Allouez Tax Rate
1.40%
Average Houghton County Tax Rate
0.94%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Allouez, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49805 | 0.46% | 0.70% | 1.40% | 1.96% | 1.96% |
Source: Ownwell
Property Tax Assessment Values Across Allouez, Michigan
In Allouez, 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 Houghton 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 Allouez, 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. For instance, the zip codes with the highest and lowest tax bills in Allouez have values of $831 and $31, respectively. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Allouez Assessed Value
$9,600
Average Houghton County Assessed Value
$95,531
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Allouez, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49805 | $1,600 | $1,800 | $9,600 | $39,578 | $75,051 |
Source: Ownwell
Property Tax Bills Across Allouez, Michigan
In Allouez, located in Houghton County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is typically a percentage of the market value of the property. For homeowners in Allouez, the median home price is $9,600, which plays a crucial role in determining the property tax bill. The tax rate applied to the assessed value is set by local taxing authorities and can vary. In Allouez, property tax bills range significantly, with the 25th percentile at $31 and the 75th percentile at $414. For those in the 90th percentile, tax bills can reach up to $831. These figures highlight the variation in tax burdens among homeowners. This variability affects homeowners differently, depending on the assessed value of their property and the applicable tax rate. Compared to the national median property tax rate of 0.99%, Allouez offers a relatively lower tax burden, which can be a financial relief for its residents. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances accordingly.
Average Allouez Tax Bill
$86
Average Houghton County Tax Bill
$879
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Allouez, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49805 | $29 | $31 | $86 | $414 | $831 |
Source: Ownwell