Pointe Aux Pins, Michigan Property Taxes
The median property tax rate in Pointe Aux Pins, MI is 0.40%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Pointe Aux Pins at $86,200, the typical annual property tax bill amounts to $341, well below the national median of $2,690. Property taxes in Pointe Aux Pins are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pointe Aux Pins' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Pointe Aux Pins 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
Pointe Aux Pins, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$345
Ownwell’s Pointe Aux Pins Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pointe Aux Pins with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pointe Aux Pins 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 Mackinac County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Pointe Aux Pins, Michigan
Property taxes in Pointe Aux Pins, Michigan, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pointe Aux Pins is 0.40%, which is lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Pointe Aux Pins set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pointe Aux Pins 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 Pointe Aux Pins' effective property tax rate to other counties in Michigan and the national median. For comparison, the zip code 49775 has both the highest and lowest median property tax rate of 0.40%. Understanding how these cities compare with Pointe Aux Pins 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 Pointe Aux Pins Tax Rate
0.40%
Average Mackinac County Tax Rate
0.81%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pointe Aux Pins, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49775 | 0.24% | 0.33% | 0.40% | 0.45% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Pointe Aux Pins, Michigan
In Pointe Aux Pins, 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 Pointe Aux Pins, 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. For instance, the median home price in the area is $86,200, with tax bills ranging from $76 at the 25th percentile to $1,041 at the 90th percentile. The highest and lowest median tax bills in the 49775 zip code both stand at $341. 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.
Property Tax Assessment Values Across Pointe Aux Pins, Michigan
Source: Ownwell
$4,700
$224,750
$444,800
Average Pointe Aux Pins Assessed Value
$86,200
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 Pointe Aux Pins, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49775 | $3,700 | $18,200 | $86,200 | $172,700 | $263,460 |
Source: Ownwell
Property Tax Bills Across Pointe Aux Pins, Michigan
Property tax bills in Pointe Aux Pins, located in Mackinac County, MI, are determined based on the assessed value of a property, which is typically a percentage of its market value. Homeowners in this area experience a range of tax bills, with the 25th percentile at $76 and the 75th percentile at $678, reflecting the variability in property values and tax rates within the community. The highest median tax bill in the region stands at $341, which is significantly lower than the national median property tax rate of 0.99%. This lower tax burden can be beneficial for homeowners, making property ownership more affordable compared to other regions. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. Understanding these elements can help homeowners anticipate their tax obligations and plan their finances accordingly. The variability in tax bills also highlights the importance of accurate property assessments and the potential benefits of appealing assessed values to ensure fair taxation.
Average Pointe Aux Pins Tax Bill
$341
Average Mackinac County Tax Bill
$942
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Pointe Aux Pins, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49775 | $17 | $76 | $341 | $678 | $1,041 |
Source: Ownwell