Anchorville, Michigan Property Taxes
The median property tax rate in Anchorville, MI is 0.96%, slightly below the national median of 0.99% but still significant. With a median home value of $248,800, the typical annual property tax bill in Anchorville reaches $2,391, which is lower than the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often less than the market value due to exemptions like those for primary residences and agricultural properties. By understanding Anchorville's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether residing in the heart of Anchorville or its surrounding areas, grasping the local property tax nuances is crucial for financial planning and investment strategies.
Last Updated June 14, 2024
Anchorville, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$2,388
Ownwell’s Anchorville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Anchorville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Anchorville 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 Anchorville, Michigan
Property taxes in Anchorville, Michigan, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Anchorville is 0.96%, slightly below the U.S. national median of 0.99%. Local government entities within Anchorville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Anchorville 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 Anchorville's effective property tax rate to other areas in St. Clair County and the national median. For comparison, the 48004 zip code has both the highest and lowest median property tax rate of 0.96%. Understanding how these areas compare with Anchorville provides valuable insights into the varying tax landscape across St. Clair County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Anchorville Tax Rate
0.96%
Average St. Clair County Tax Rate
0.78%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Anchorville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48004 | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Anchorville, Michigan
In Anchorville, 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 St. Clair 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 Anchorville, 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 Anchorville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Anchorville are both $2391, found in zip code 48004, compared to the national median property tax rate of 0.99%.
Average Anchorville Assessed Value
$248,800
Average St. Clair County Assessed Value
$181,600
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Anchorville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48004 | $248,800 | $248,800 | $248,800 | $248,800 | $248,800 |
Source: Ownwell
Property Tax Bills Across Anchorville, Michigan
Property tax bills in Anchorville, located in St. Clair County, MI, are determined based on the assessed value of a property. The assessed value is typically a percentage of the market value, which is determined by the local assessor's office. For homeowners in Anchorville, the median home price is $248,800. Property taxes are then calculated by applying the local tax rate to this assessed value. In Anchorville, the median property tax bill stands at $2,391, which is higher than the national median property tax rate of 0.99%. This higher rate can be attributed to various factors, including local government budgets, school district funding, and public services. Homeowners in Anchorville should be aware that their property tax bills can significantly impact their monthly expenses and overall cost of homeownership. Understanding how these taxes are calculated and what factors influence the rates can help homeowners better manage their finances and anticipate future tax obligations.
Average Anchorville Tax Bill
$2,391
Average St. Clair County Tax Bill
$1,504
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Anchorville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48004 | $2,391 | $2,391 | $2,391 | $2,391 | $2,391 |
Source: Ownwell