Ewen, Michigan Property Taxes
The median property tax rate in Ewen, MI is 0.67%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $68,620 in Ewen, the typical annual property tax bill is $471, well below the national median of $2,690. Property taxes in Ewen are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Ewen'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 Ewen or another part of Ontonagon County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ewen, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$460
Ownwell’s Ewen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ewen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ewen 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 Ewen, Michigan
Property taxes in Ewen, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ewen is 0.67%, which is lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Ewen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ewen 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 Ewen's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49925 zip code has both the highest and lowest median property tax rate of 0.67%. Understanding how these cities compare with Ewen provides valuable insights into the varying tax landscape across Ontonagon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ewen Tax Rate
0.67%
Average Ontonagon County Tax Rate
0.86%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ewen, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49925 | 0.39% | 0.47% | 0.67% | 1.19% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Ewen, Michigan
In Ewen, 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 Ontonagon 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 Ewen, 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. The median home price in Ewen is $68,620, with tax bills ranging from $285 at the 25th percentile to $1,150 at the 90th percentile. The highest and lowest median tax bill in the area, both at $471, are found in the 49925 zip code. 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 Ewen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ewen Assessed Value
$68,620
Average Ontonagon County Assessed Value
$68,300
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ewen, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49925 | $21,920 | $41,840 | $68,620 | $111,920 | $155,476 |
Source: Ownwell
Property Tax Bills Across Ewen, Michigan
In Ewen, located in Ontonagon County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is a percentage of the market value of the property. For instance, with a median home price of $68,620, homeowners in Ewen can expect their property tax bills to vary significantly. The tax bill at the 25th percentile is around $285, while those at the 75th percentile see bills closer to $747. For the top 10% of properties, the tax bill can reach up to $1,150. These calculations impact homeowners by influencing their annual financial obligations. Higher assessed values result in higher tax bills, which can affect affordability and long-term financial planning. Compared to the national median property tax rate of 0.99%, Ewen's property tax rates offer a unique perspective on local real estate dynamics, making it crucial for homeowners to understand how these factors interplay to affect their tax liabilities.
Average Ewen Tax Bill
$471
Average Ontonagon County Tax Bill
$577
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Ewen, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49925 | $159 | $285 | $471 | $747 | $1,150 |
Source: Ownwell