Whittemore, Michigan Property Taxes
The median property tax rate in Whittemore, MI is 0.92%, slightly below the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $40,400 in Whittemore, the typical annual property tax bill is around $493, which is significantly lower than the national median of $2,690. Property taxes in Whittemore are determined based on the assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Whittemore'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 Whittemore or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Whittemore, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$372
Ownwell’s Whittemore Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Whittemore with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whittemore 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 Whittemore, Michigan
Property taxes in Whittemore, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Whittemore is 0.92%, which is below the U.S. national median of 0.99%. Local government entities within Whittemore set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whittemore 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 Whittemore's effective property tax rate to other counties in Michigan and the national median. For comparison, the zip code 48770 has both the highest and lowest median property tax rate of 0.92%. Understanding how these cities compare with Whittemore provides valuable insights into the varying tax landscape across Ogemaw County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Whittemore Tax Rate
0.92%
Average Ogemaw County Tax Rate
0.91%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Whittemore, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48770 | 0.79% | 0.79% | 0.92% | 1.11% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Whittemore, Michigan
In Whittemore, 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 Ogemaw 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 Whittemore, 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 Whittemore helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Whittemore is $40,400, with tax bills ranging from $391 at the 25th percentile to $2,711 at the 90th percentile. The highest and lowest median tax bills are both $493 in the 48770 zip code.
Average Whittemore Assessed Value
$40,400
Average Ogemaw County Assessed Value
$47,400
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Whittemore, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48770 | $32,420 | $36,750 | $40,400 | $224,250 | $308,440 |
Source: Ownwell
Property Tax Bills Across Whittemore, Michigan
In Whittemore, located in Ogemaw County, MI, property tax bills are calculated based on the assessed value of your home. The assessment is typically a percentage of the market value, which local assessors determine. For instance, with a median home price of $40,400, the tax bill can vary significantly. Homeowners in the 25th percentile pay around $391, while those in the 75th percentile face a tax bill of approximately $1,775. At the 90th percentile, the tax bill can reach up to $2,711. Several factors influence these variations, including property size, location, and any applicable exemptions. The median property tax rate in Whittemore is relatively modest compared to the national median of 0.99%. However, even within the same zip code, tax bills can differ, as evidenced by the highest and lowest median tax bills being $493 in the 48770 area. These property taxes fund local services like schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners.
Average Whittemore Tax Bill
$493
Average Ogemaw County Tax Bill
$466
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Whittemore, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48770 | $277 | $391 | $493 | $1,775 | $2,711 |
Source: Ownwell