Deckerville, Michigan Property Taxes
The median property tax rate in Deckerville, MI is 1.04%, slightly higher than the national median of 0.99% but lower than the Michigan state median of 1.07%. With a median home value of $109,200 in Deckerville, the typical annual property tax bill amounts to $1,060, which is lower than the national median of $2,690. Property taxes in Deckerville are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Deckerville'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 Deckerville 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
Deckerville, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$1,136
Ownwell’s Deckerville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Deckerville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Deckerville 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 Deckerville, Michigan
Property taxes in Deckerville, Michigan, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Deckerville is 1.04%, higher than the U.S. national median of 0.99%. Local government entities within Deckerville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Deckerville 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 Deckerville's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48427 zip code has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with Deckerville 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 Deckerville Tax Rate
1.04%
Average Sanilac County Tax Rate
1.15%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Deckerville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48427 | 0.55% | 0.68% | 1.04% | 1.54% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Deckerville, Michigan
In Deckerville, 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 Deckerville, 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 Deckerville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 48427 has the same value for highest and lowest median tax bills at $1,060.
Average Deckerville Assessed Value
$109,200
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 Deckerville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48427 | $42,400 | $69,450 | $109,200 | $185,000 | $295,200 |
Source: Ownwell
Property Tax Bills Across Deckerville, Michigan
In Deckerville, located in Sanilac County, MI, property tax bills are calculated based on the assessed value of a home, which is typically determined by the local tax assessor. This assessed value is a percentage of the market value of the property. For instance, the median home price in Deckerville is $109,200. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the property tax bill, including the home's location, size, and any improvements or modifications made to the property. Additionally, local government budgets and voter-approved measures can impact the tax rate. For homeowners in Deckerville, the property tax bill can vary significantly. At the 25th percentile, the tax bill is approximately $652, while at the 75th percentile, it rises to about $1,962. The 90th percentile sees tax bills as high as $3,529. These variations can significantly affect homeowners' financial planning and budgeting, making it crucial to stay informed about local tax policies and assessments.
Average Deckerville Tax Bill
$1,060
Average Sanilac County Tax Bill
$1,234
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Deckerville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48427 | $374 | $652 | $1,060 | $1,962 | $3,529 |
Source: Ownwell