Carrollton, Michigan Property Taxes
The median property tax rate in Carrollton, MI is 0.40%, considerably lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Carrollton, the typical annual property tax bill reaches $204, significantly below the national median of $2,690. Property taxes in Carrollton 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 Carrollton'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 Carrollton 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
Carrollton, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$194
Ownwell’s Carrollton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Carrollton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carrollton 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 Carrollton, Michigan
Property taxes in Carrollton, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carrollton is 0.40%, significantly lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Carrollton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carrollton 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 Carrollton's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48724 zip code has both the highest and lowest median property tax rate of 0.40%. Understanding how these cities compare with Carrollton provides valuable insights into the varying tax landscape across Saginaw County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carrollton Tax Rate
0.40%
Average Saginaw County Tax Rate
0.78%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carrollton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48724 | 0.29% | 0.37% | 0.40% | 0.44% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Carrollton, Michigan
In Carrollton, 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 Saginaw 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 Carrollton, 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. The zip code 48724 has the highest and lowest median tax bill at $204. Being aware of these valuation processes in Carrollton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Carrollton Assessed Value
$48,600
Average Saginaw County Assessed Value
$119,800
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carrollton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48724 | $30,700 | $37,550 | $48,600 | $61,500 | $79,300 |
Source: Ownwell
Property Tax Bills Across Carrollton, Michigan
In Carrollton, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. This assessed value is a percentage of the property's market value. For homeowners in Carrollton, located in Saginaw County, several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. The median home price in Carrollton is $48,600, and property taxes can vary significantly. At the 25th percentile, homeowners might expect a tax bill around $149, while those at the 75th percentile could see bills closer to $256. For the top 10% of properties, tax bills can reach up to $317. The highest and lowest median tax bills in the area are both $204, indicating some consistency in property tax rates across different neighborhoods. Compared to the national median property tax rate of 0.99%, Carrollton's property taxes can be relatively modest, making it an appealing location for homeowners seeking affordable living costs.
Average Carrollton Tax Bill
$204
Average Saginaw County Tax Bill
$894
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Carrollton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48724 | $114 | $149 | $204 | $256 | $317 |
Source: Ownwell