Auburn, Michigan Property Taxes
The median property tax rate in Auburn, MI is 1.08%, slightly higher than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Auburn at $62,200, the typical annual property tax bill reaches $674, which is below the national median of $2,690. Property taxes in Auburn are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Auburn'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 Auburn or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Auburn, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$672
Ownwell’s Auburn Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Auburn with just two data points. By entering your property's estimated assessed value, the calculator utilizes the median tax rate in Auburn to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, making it easier to plan financially. For those interested in more detailed trends at the neighborhood level, additional localized information is available further down the page. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Auburn, Michigan
Property taxes in Auburn, Michigan, play a critical role in supporting essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Auburn is 1.08%, which is higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Auburn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Auburn 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 Auburn's effective property tax rate to other areas in Michigan and the national median. For comparison, the 48611 zip code has both the highest and the lowest median property tax rate of 1.08%. Understanding how these areas compare with Auburn provides valuable insights into the varying tax landscape across Roscommon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Auburn Tax Rate
1.08%
Average Roscommon County Tax Rate
0.50%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Auburn, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48611 | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Auburn, Michigan
In Auburn, 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 Roscommon 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 Auburn, 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 Auburn 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 is 48611 at $674, and the lowest median tax bill is also 48611 at $674.
Average Auburn Assessed Value
$62,200
Average Roscommon County Assessed Value
$114,800
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Auburn, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48611 | $62,200 | $62,200 | $62,200 | $62,200 | $62,200 |
Source: Ownwell
Property Tax Bills Across Auburn, Michigan
In Auburn, Roscommon County, MI, property tax bills are calculated based on the assessed value of a home, which is typically set at 50% of its market value. With the median home price at $62,200, the assessed value would be approximately $31,100. The city's property tax rate is then applied to this assessed value to determine the annual tax bill. For most homeowners in Auburn, the property tax bill is consistently around $674, which is significantly lower than the national median property tax rate of 0.99%. Several factors influence this tax bill, including the home's market value, local tax rates, and any applicable exemptions or deductions. This relatively low tax burden can make homeownership more affordable in Auburn compared to other regions, allowing residents to allocate more of their budget to other necessities or savings. However, it's essential for homeowners to stay informed about any changes in property assessments or tax rates to manage their financial planning effectively.
Average Auburn Tax Bill
$674
Average Roscommon County Tax Bill
$649
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Auburn, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48611 | $674 | $674 | $674 | $674 | $674 |
Source: Ownwell