Avoca, Michigan Property Taxes
The median property tax rate in Avoca, MI is 0.36%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Avoca at $153,200, the typical annual property tax bill is $584, well below the national median of $2,690. Property taxes in Avoca are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Avoca'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 Avoca or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Avoca, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.36%
Estimate Property Tax Bill
$552
Ownwell’s Avoca Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Avoca with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Avoca 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 Avoca, Michigan
Property taxes in Avoca, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Avoca is 1.54%, significantly higher than both the Michigan state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Avoca set these rates annually, and they can vary significantly across different neighborhoods. Each year, Avoca 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 Avoca's effective property tax rate to other counties in Michigan and the national median. For comparison, the highest median property tax rate in Michigan is 1.54%, while the lowest median tax rate is 0.36%. Understanding how these cities compare with Avoca 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 Avoca Tax Rate
0.36%
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 Avoca, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48006 | 0.24% | 0.28% | 0.36% | 0.46% | 0.57% |
Source: Ownwell
Property Tax Assessment Values Across Avoca, Michigan
In Avoca, 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 Avoca, 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 Avoca helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Avoca is $584 in zip code 48006, which is significantly lower than the national median property tax rate of 0.99%.
Average Avoca Assessed Value
$153,200
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 Avoca, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48006 | $61,020 | $89,150 | $153,200 | $311,850 | $402,360 |
Source: Ownwell
Property Tax Bills Across Avoca, Michigan
In Avoca, located in St. Clair County, MI, property tax bills are calculated based on the assessed value of the home, which is typically a percentage of its market value. The median home price in Avoca is $153,200. Tax rates are applied to this assessed value to determine the annual tax bill. For example, homeowners in Avoca can expect to pay a tax bill around the 25th percentile of $365, while those at the 75th percentile pay approximately $969. At the 90th percentile, the tax bill can reach up to $1,486. These tax bills are influenced by several factors including local government budgets, school funding needs, and infrastructure projects. Compared to the national median property tax rate of 0.99%, Avoca's rates can be seen as moderate, providing a balanced approach to funding community services without overly burdening homeowners. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Avoca Tax Bill
$584
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 Avoca, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48006 | $210 | $365 | $584 | $969 | $1,486 |
Source: Ownwell