Argyle, Michigan Property Taxes
The median property tax rate in Argyle, Michigan is 0.72%, which is notably lower than both the national median of 0.99% and Michigan's state median of 1.07%. With the median home value in Argyle at $71,800, the typical annual property tax bill amounts to $459, significantly less than the national median of $2,690. Property taxes in Argyle are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a comprehensive understanding of Argyle's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Argyle or another part of Sanilac County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Argyle, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$517
Ownwell’s Argyle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Argyle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Argyle 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 Argyle, Michigan
Property taxes in Argyle, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Argyle is 0.72%, which is lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Argyle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Argyle 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 Argyle's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48410 zip code has the highest median property tax rate of 0.72%, while the same zip code also has the lowest median tax rate of 0.72%. Understanding how these cities compare with Argyle provides valuable insights into the varying tax landscape across Sanilac County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Argyle Tax Rate
0.72%
Average Sanilac County Tax Rate
1.15%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Argyle, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48410 | 0.56% | 0.61% | 0.72% | 0.78% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Argyle, Michigan
In Argyle, 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 Sanilac 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 Argyle, 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 Argyle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Argyle is $71,800, with the highest median tax bill being $459 in zip code 48410.
Average Argyle Assessed Value
$71,800
Average Sanilac County Assessed Value
$107,600
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Argyle, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48410 | $45,600 | $55,250 | $71,800 | $95,700 | $115,900 |
Source: Ownwell
Property Tax Bills Across Argyle, Michigan
In Argyle, MI, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. The assessed value is typically a percentage of the market value of the home. For instance, with a median home price of $71,800 in Argyle, the property tax rate is applied to this assessed value to determine the tax bill. The factors considered in this calculation include the property's location, size, and any improvements made. The median property tax bill in Argyle is $459, which is below the national median property tax rate of 0.99%. Homeowners in Argyle can expect tax bills ranging from $308 at the 25th percentile to $1,789 at the 90th percentile, reflecting variations in property values and assessments within the area. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. For homeowners, understanding these factors is crucial in managing their financial planning and anticipating annual expenses.
Average Argyle Tax Bill
$459
Average Sanilac County Tax Bill
$1,234
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Argyle, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48410 | $290 | $308 | $459 | $724 | $1,789 |
Source: Ownwell