Croswell, Michigan Property Taxes
The median property tax rate in Croswell, MI is 1.05%, slightly higher than the national median of 0.99% but just below the Michigan state median of 1.07%. With a median home value of $110,400 in Croswell, the typical annual property tax bill reaches $1,177, which is lower than the national median of $2,690. Property taxes in Croswell are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Croswell'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 Croswell 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
Croswell, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$1,159
Ownwell’s Croswell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Croswell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Croswell 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 Croswell, Michigan
Property taxes in Croswell, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Croswell is 1.05%, which is higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Croswell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Croswell 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 Croswell's effective property tax rate to other counties in Michigan and the national median. For comparison, the zip code 48422 has the highest median property tax rate of 1.05%, while the same zip code also has the lowest median tax rate of 1.05%. Understanding how these cities compare with Croswell 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 Croswell Tax Rate
1.05%
Average Sanilac County Tax Rate
1.15%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Croswell, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48422 | 0.64% | 0.74% | 1.05% | 1.41% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Croswell, Michigan
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Croswell, Michigan. 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 Croswell, 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. For instance, the median home price in Croswell is $110,400, with tax bills ranging from $656 at the 25th percentile to $2,176 at the 90th percentile. 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 Croswell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Croswell Assessed Value
$110,400
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 Croswell, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48422 | $11,000 | $65,350 | $110,400 | $174,250 | $249,600 |
Source: Ownwell
Property Tax Bills Across Croswell, Michigan
In Croswell, located in Sanilac County, MI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the property's market value, which in Croswell, has a median home price of $110,400. Tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including property characteristics, local government budgets, and public service funding needs. For homeowners in Croswell, tax bills can vary significantly. For instance, those in the 25th percentile of tax bills pay around $656 annually, while those in the 75th percentile pay about $1,634. The top 10% of tax bills can reach as high as $2,176. These property taxes fund essential services such as schools, infrastructure, and emergency services, directly impacting the quality of life in the community. Comparatively, Croswell's median property tax rate is relatively close to the national median of 0.99%, ensuring that homeowners contribute fairly to local needs.
Average Croswell Tax Bill
$1,177
Average Sanilac County Tax Bill
$1,234
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Croswell, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48422 | $124 | $656 | $1,177 | $1,634 | $2,176 |
Source: Ownwell