Goetzville, Michigan Property Taxes
The median property tax rate in Goetzville, MI is 0.65%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $279,800 in Goetzville, the typical annual property tax bill amounts to $1,811, which is also below the national median of $2,690. Property taxes in Goetzville are calculated based on the assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Goetzville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Goetzville 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
Goetzville, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$1,819
Ownwell’s Goetzville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Goetzville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Goetzville 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 Goetzville, Michigan
Property taxes in Goetzville, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Goetzville is 0.65%, lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Goetzville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Goetzville 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 Goetzville's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49736 zip code has both the highest and lowest median property tax rate in Mackinac County at 0.65%. Understanding how these cities compare with Goetzville 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 Goetzville Tax Rate
0.65%
Average Mackinac County Tax Rate
0.81%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Goetzville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49736 | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Goetzville, Michigan
In Goetzville, 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. In Goetzville, 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 Goetzville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill of $1,811 is 49736, which is also the lowest in the area.
Average Goetzville Assessed Value
$279,800
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 Goetzville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49736 | $279,800 | $279,800 | $279,800 | $279,800 | $279,800 |
Source: Ownwell
Property Tax Bills Across Goetzville, Michigan
In Goetzville, located in Mackinac County, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in this area is $279,800. Property tax rates in Mackinac County are influenced by several factors, including local government budgets, school funding requirements, and public services. The tax rate for Goetzville is notably lower than the national median property tax rate of 0.99%. For homeowners, this means that the financial burden of property taxes can be more manageable compared to other regions. The median property tax bill in Goetzville is $1,811, with this amount being consistent across the 25th, 75th, and 90th percentiles. This uniformity suggests a stable and predictable tax environment for residents. Understanding these factors can help homeowners better anticipate their annual property tax obligations and budget accordingly.
Average Goetzville Tax Bill
$1,811
Average Mackinac County Tax Bill
$942
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Goetzville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49736 | $1,811 | $1,811 | $1,811 | $1,811 | $1,811 |
Source: Ownwell