Curtis, Michigan Property Taxes
The median property tax rate in Curtis, MI is 0.92%, which is lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Curtis at $115,100, the typical annual property tax bill is approximately $845, significantly below the national median of $2,690. Property taxes in Curtis are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Curtis'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 Curtis or another part of Mackinac County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Curtis, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$1,059
Ownwell’s Curtis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Curtis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Curtis 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 Curtis, Michigan
Property taxes in Curtis, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Curtis is 0.92%, slightly lower than the U.S. national median of 0.99%. Local government entities within Curtis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Curtis 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 Curtis's effective property tax rate to other areas in Michigan and the national median. For comparison, the 49820 zip code has the same median property tax rate of 0.92%. Understanding how these areas compare with Curtis provides valuable insights into the varying tax landscape across Mackinac County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Curtis Tax Rate
0.92%
Average Mackinac County Tax Rate
0.81%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Curtis, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49820 | 0.38% | 0.44% | 0.92% | 1.19% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Curtis, Michigan
In Curtis, 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 Mackinac 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. 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 Curtis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Curtis, the zip code 49820 has the highest and lowest median tax bill, both at $845.
Average Curtis Assessed Value
$115,100
Average Mackinac County Assessed Value
$123,200
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Curtis, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49820 | $35,520 | $61,000 | $115,100 | $184,750 | $297,680 |
Source: Ownwell
Property Tax Bills Across Curtis, Michigan
In Curtis, located in Mackinac County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is typically a percentage of the market value. Homeowners in Curtis can expect their property tax bill to be influenced by several factors, including the assessed value of their property and the local tax rate. The median home price in Curtis is $115,100, and property tax bills can vary widely. For instance, the 25th percentile tax bill is around $454, while the 75th percentile reaches $1,541, and the 90th percentile can go up to $2,469. Compared to the national median property tax rate of 0.99%, Curtis's rates reflect the local economic conditions and public service funding needs. These tax bills directly impact homeowners by contributing to the costs of essential services such as schools, infrastructure, and emergency services, thereby affecting the overall cost of living and home affordability in the region.
Average Curtis Tax Bill
$845
Average Mackinac County Tax Bill
$942
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Curtis, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49820 | $260 | $454 | $845 | $1,541 | $2,469 |
Source: Ownwell