Pigeon, Michigan Property Taxes
The median property tax rate in Pigeon, MI is 1.08%, slightly higher than both the national median of 0.99% and Michigan's state median of 1.07%. With the median home value in Pigeon at $156,600, the typical annual property tax bill reaches $1,723, which is below the national median of $2,690. Property taxes in Pigeon 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 Pigeon'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 Pigeon 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
Pigeon, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$1,691
Ownwell’s Pigeon Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Pigeon with just two key data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pigeon to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed trends at a neighborhood level, additional localized information is available further down the page. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Pigeon, Michigan
Property taxes in Pigeon, Michigan, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pigeon is 1.08%, higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Pigeon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pigeon 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 Pigeon's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48755 zip code has the highest median property tax rate of 1.08%, while the same zip code also has the lowest median tax rate of 1.08%. Understanding how these cities compare with Pigeon provides valuable insights into the varying tax landscape across Huron County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pigeon Tax Rate
1.08%
Average Huron County Tax Rate
1.19%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pigeon, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48755 | 0.82% | 0.94% | 1.08% | 1.47% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Pigeon, Michigan
In Pigeon, 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 Huron 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 Pigeon, 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. The median home price in Pigeon is $156,600, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $1,012, while the 75th percentile tax bill is $3,125, and the 90th percentile tax bill reaches $5,146. The highest and lowest median tax bills, both $1,723, are found in the 48755 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pigeon Assessed Value
$156,600
Average Huron County Assessed Value
$119,000
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pigeon, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48755 | $55,560 | $90,600 | $156,600 | $277,800 | $442,160 |
Source: Ownwell
Property Tax Bills Across Pigeon, Michigan
In Pigeon, located in Huron County, MI, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $156,600, homeowners in Pigeon can expect varying tax bills. The 25th percentile tax bill is around $1,012, while those in the 75th percentile pay approximately $3,125. At the 90th percentile, tax bills can reach up to $5,146. Several factors influence these tax bills, including property location, home value, and local tax rates. Homeowners in Pigeon face a median tax rate that can be compared to the national median property tax rate of 0.99%. Understanding these elements helps homeowners anticipate their financial responsibilities and budget accordingly. The highest and lowest median tax bills in the area are both $1,723, indicating a consistent tax rate within the 48755 zip code.
Average Pigeon Tax Bill
$1,723
Average Huron County Tax Bill
$1,405
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Pigeon, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48755 | $645 | $1,012 | $1,723 | $3,125 | $5,146 |
Source: Ownwell