Zilwaukee, Michigan Property Taxes
The median property tax rate in Zilwaukee, MI is 2.08%, considerably higher than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Zilwaukee, the typical annual property tax bill reaches $1,956, exceeding the national median of $2,690. Property taxes in Zilwaukee 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 Zilwaukee'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 Zilwaukee 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
Zilwaukee, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.08%
Estimate Property Tax Bill
$1,845
Ownwell’s Zilwaukee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Zilwaukee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Zilwaukee 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 Zilwaukee, Michigan
Property taxes in Zilwaukee, Michigan, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Zilwaukee is 2.08%, significantly higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Zilwaukee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Zilwaukee 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 Zilwaukee's effective property tax rate to other counties in Michigan and the national median. For comparison, the zip code 48604 has the highest median property tax rate of 2.08%, while the same zip code also has the lowest median tax rate of 2.08%. Understanding how these cities compare with Zilwaukee 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 Zilwaukee Tax Rate
2.08%
Average Saginaw County Tax Rate
0.78%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Zilwaukee, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48604 | 1.78% | 1.87% | 2.08% | 2.35% | 2.54% |
Source: Ownwell
Property Tax Assessment Values Across Zilwaukee, Michigan
In Zilwaukee, 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 Zilwaukee, 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 Zilwaukee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1956 in the 48604 zip code, while the lowest median tax bill is also $1956 in the same zip code.
Average Zilwaukee Assessed Value
$88,700
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 Zilwaukee, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48604 | $65,700 | $78,750 | $88,700 | $93,700 | $97,840 |
Source: Ownwell
Property Tax Bills Across Zilwaukee, Michigan
In Zilwaukee, property tax bills are determined by assessing the property's value and applying the local tax rate. The assessed value is typically a percentage of the market value, which is then multiplied by the local tax rate to calculate the annual tax bill. For homeowners in Zilwaukee, the median home price is $88,700. Property tax bills can vary significantly, with the 25th percentile tax bill being $1,481 and the 75th percentile reaching $2,307. At the 90th percentile, tax bills can go up to $2,385. Compared to the national median property tax rate of 0.99%, Zilwaukee's rates can result in a substantial financial obligation for homeowners. The highest median tax bill in the area is $1,956, found in the 48604 zip code. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Understanding how these factors come together can help homeowners better anticipate their annual financial commitments.
Average Zilwaukee Tax Bill
$1,956
Average Saginaw County Tax Bill
$894
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Zilwaukee, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48604 | $1,180 | $1,481 | $1,956 | $2,307 | $2,385 |
Source: Ownwell