Manton, Michigan Property Taxes
The median property tax rate in Manton, MI is 0.92%, slightly below the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Manton at $100,000, the typical annual property tax bill comes to $979, which is less than the national median of $2,690. Property taxes in Manton are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Manton'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 Manton or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Manton, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$920
Ownwell’s Manton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Manton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Manton 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 Manton, Michigan
Property taxes in Manton, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Manton is 0.92%, which is slightly below the U.S. national median of 0.99%. Local government entities within Manton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Manton 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 Manton's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49663 zip code has both the highest and lowest median property tax rate of 0.92%, emphasizing a uniform tax landscape within the area. Understanding how these cities compare with Manton provides valuable insights into the varying tax landscape across Missaukee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Manton Tax Rate
0.92%
Average Missaukee County Tax Rate
0.95%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Manton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49663 | 0.57% | 0.76% | 0.92% | 1.26% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Manton, Michigan
In Manton, 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 local 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 Manton, 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 Manton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code 49663 has the highest and lowest median tax bill at $979. This is notably lower than the national median property tax rate of 0.99%, making it essential for homeowners to stay informed and proactive about their property tax obligations.
Average Manton Assessed Value
$100,000
Average Missaukee County Assessed Value
$117,600
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Manton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49663 | $34,080 | $61,000 | $100,000 | $182,750 | $272,940 |
Source: Ownwell
Property Tax Bills Across Manton, Michigan
Property tax bills in Manton, located in Missaukee County, MI, are calculated based on the assessed value of a property, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $100,000, homeowners can expect their tax bills to vary significantly. The 25th percentile tax bill is around $570, while the 75th percentile reaches approximately $1,601, and the 90th percentile can go up to $2,590. Factors influencing these variations include the property's location within the city, any applicable exemptions, and the specific tax rates set by local authorities. Compared to the national median property tax rate of 0.99%, homeowners in Manton might find their tax bills relatively manageable, depending on their property’s assessed value and the local tax rate. Understanding these factors helps homeowners budget more effectively and anticipate their annual financial obligations.
Average Manton Tax Bill
$979
Average Missaukee County Tax Bill
$1,099
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Manton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49663 | $346 | $570 | $979 | $1,601 | $2,590 |
Source: Ownwell