Mount Pleasant, Michigan Property Taxes
The median property tax rate in Mount Pleasant, MI is 0.70%, considerably lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Mount Pleasant at $146,600, the typical annual property tax bill reaches $943, well below the national median of $2,690. Property taxes in Mount Pleasant 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 Mount Pleasant'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 Mount Pleasant 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
Mount Pleasant, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$1,026
Ownwell’s Mount Pleasant Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Mount Pleasant with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mount Pleasant to estimate your property tax bill. This insightful tool aids in understanding potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is determined by Isabella County for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Mount Pleasant, Michigan
Property taxes in Mount Pleasant, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Pleasant is 0.70%, lower than the U.S. national median of 0.99%. Local government entities within Mount Pleasant set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Pleasant 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 Mount Pleasant's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48858 zip code has the highest median property tax rate of 0.70%, while the 48858 zip code also has the lowest median tax rate of 0.70%. Understanding how these areas compare with Mount Pleasant provides valuable insights into the varying tax landscape across Isabella County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mount Pleasant Tax Rate
0.70%
Average Isabella County Tax Rate
0.80%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Pleasant, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48858 | 0.28% | 0.32% | 0.70% | 0.90% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Mount Pleasant, Michigan
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Mount Pleasant, Michigan. 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 local appraisal authorities 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 Mount Pleasant, 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 example, the highest median tax bill in Mount Pleasant is $943.00 in the 48858 zip code, which also has the lowest median tax bill at the same value. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Mount Pleasant, Michigan
Source: Ownwell
$64,000
$123,600
$183,200
Average Mount Pleasant Assessed Value
$146,600
Average Isabella County Assessed Value
$140,600
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mount Pleasant, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48858 | $57,000 | $100,000 | $146,600 | $215,800 | $320,000 |
Source: Ownwell
Property Tax Bills Across Mount Pleasant, Michigan
In Mount Pleasant, Isabella County, MI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is typically determined as a percentage of the market value of the property. Homeowners in Mount Pleasant face a median property tax bill of $943, which aligns with the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. For example, homes in the 25th percentile have tax bills around $478, while those in the 75th percentile see bills closer to $1,731. High-value properties in the 90th percentile can experience tax bills up to $2,697. These tax bills significantly impact homeowners by affecting their annual budgeting and long-term financial planning. Understanding how these factors interplay helps residents anticipate their tax obligations and make informed decisions about property investments and homeownership in Mount Pleasant.
Average Mount Pleasant Tax Bill
$943
Average Isabella County Tax Bill
$1,118
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Pleasant, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48858 | $306 | $478 | $943 | $1,731 | $2,697 |
Source: Ownwell