Saint Charles, Michigan Property Taxes
The median property tax rate in Saint Charles, MI is 0.44%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Saint Charles, the typical annual property tax bill reaches $778, well below the national median of $2,690. Property taxes in Saint Charles 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 Saint Charles'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 Saint Charles 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
Saint Charles, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.44%
Estimate Property Tax Bill
$644
Ownwell’s SAINT CHARLES Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SAINT CHARLES with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SAINT CHARLES 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 Saint Charles, Michigan
Property taxes in Saint Charles, Michigan, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Charles is 0.44%, which is significantly lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Saint Charles set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Charles 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 Saint Charles's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48655 zip code has the highest median property tax rate of 0.44%, while the same zip code also has the lowest median tax rate of 0.44%. Understanding how these cities compare with Saint Charles 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 Saint Charles Tax Rate
0.44%
Average Saginaw County Tax Rate
0.78%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Charles, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48655 | 0.23% | 0.37% | 0.44% | 0.87% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Saint Charles, Michigan
In Saint Charles, 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 Assessor 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 Saint Charles, 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 Saint Charles is $146,400, with tax bills ranging from $479 at the 25th percentile to $1,706 at the 90th percentile. The highest and lowest median tax bills are both $778 in zip code 48655. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Saint Charles Assessed Value
$146,400
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 Saint Charles, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48655 | $66,660 | $100,400 | $146,400 | $217,800 | $322,340 |
Source: Ownwell
Property Tax Bills Across Saint Charles, Michigan
Property tax bills in Saint Charles, Saginaw 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. Several factors influence the assessed value, including the property's size, location, and condition, as well as recent sales of comparable properties in the area. Homeowners in Saint Charles see a range of property tax bills. For instance, the tax bill at the 25th percentile is $479, while at the 75th percentile, it reaches $1,171. At the 90th percentile, it climbs to $1,706. The median home price in the area is $146,400, which helps provide context for these tax amounts. The highest and lowest median tax bills both stand at $778 in the 48655 zip code. Compared to the national median property tax rate of 0.99%, the rates in Saint Charles can vary significantly, impacting homeowners differently based on their property's assessed value and the specific tax rate applied.
Average Saint Charles Tax Bill
$778
Average Saginaw County Tax Bill
$894
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Charles, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48655 | $256 | $479 | $778 | $1,171 | $1,706 |
Source: Ownwell