Decker, Michigan Property Taxes
The median property tax rate in Decker, MI is 0.96%, slightly below both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Decker being $107,400, the typical annual property tax bill is $899, which is significantly lower than the national median of $2,690. Property taxes in Decker 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 Decker'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 Decker 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
Decker, Michigan Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$2,140
Ownwell’s Decker Property Tax Bill Calculator assists any homeowner, real estate investor, or potential owner in estimating their annual property taxes in Decker with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Decker 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 Decker, Michigan
Property taxes in Decker, Michigan, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Decker is 0.96%, which is just below the U.S. national median of 0.99%. Local government entities within Decker set these rates annually, and they can vary significantly across different neighborhoods. Each year, Decker 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 Decker's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48426 zip code has both the highest and lowest median property tax rate of 0.96%. Understanding how these areas compare with Decker 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 Decker Tax Rate
0.96%
Average Sanilac County Tax Rate
1.15%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Decker, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48426 | 0.46% | 0.57% | 0.96% | 1.14% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Decker, Michigan
In Decker, 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 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 Decker, 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 Decker helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Decker is $899 in the 48426 zip code, while the lowest median tax bill is also $899 in the same zip code.
Average Decker Assessed Value
$107,400
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 Decker, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48426 | $42,620 | $67,050 | $107,400 | $155,100 | $260,040 |
Source: Ownwell
Property Tax Bills Across Decker, Michigan
In Decker, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is typically a percentage of the property's market value. For example, if a home has a median market price of $107,400, its assessed value will be a fraction of this amount. The tax rate is then applied to the assessed value to determine the tax bill. Factors influencing the tax bill include the property's location within Sanilac County and any applicable exemptions or reductions. Homeowners in Decker can expect tax bills to vary widely, with the 25th percentile tax bill at $538 and the 75th percentile at $1,423. At the higher end, the 90th percentile tax bill reaches $2,153. These variations can significantly impact homeowners' finances, making it crucial to understand how local assessments and tax rates compare to the national median property tax rate of 0.99%.
Average Decker Tax Bill
$899
Average Sanilac County Tax Bill
$1,234
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Decker, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48426 | $358 | $538 | $899 | $1,423 | $2,153 |
Source: Ownwell