Marine City, Michigan Property Taxes
The median property tax rate in Marine City, MI, is 1.21%, which is considerably higher than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Marine City at $139,600, the typical annual property tax bill reaches $1,729, exceeding the national median of $2,690. Property taxes in Marine City 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 Marine City'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 Marine City 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
Marine City, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$1,689
Ownwell’s Marine City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marine City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marine City 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 Marine City, Michigan
Property taxes in Marine City, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marine City is 1.21%, significantly higher than the U.S. national median of 0.99%. Local government entities within Marine City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marine City 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 Marine City's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48039 zip code has the highest median property tax rate of 1.21%, while the 48039 zip code also has the lowest median tax rate of 1.21%. Understanding how these cities compare with Marine City 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 Marine City Tax Rate
1.21%
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 Marine City, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48039 | 0.84% | 0.99% | 1.21% | 1.58% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Marine City, Michigan
In Marine City, 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 Marine City, 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. The median home price in Marine City is $139,600, with tax bills ranging from $1,310 at the 25th percentile to $3,425 at the 90th percentile. The zip code with the highest and lowest median tax bill is 48039, both at $1,729. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Marine City Assessed Value
$139,600
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 Marine City, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48039 | $72,200 | $111,400 | $139,600 | $172,600 | $234,040 |
Source: Ownwell
Property Tax Bills Across Marine City, Michigan
In Marine City, located in St. Clair County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value typically represents 50% of the property's market value. For instance, with a median home price of $139,600, the assessed value would be approximately $69,800. The property tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including local tax rates, property improvements, and changes in market conditions. Homeowners in Marine City can expect a wide range of tax bills; the 25th percentile tax bill is around $1,310, while the 75th percentile reaches $2,376, and the 90th percentile goes up to $3,425. Compared to the national median property tax rate of 0.99%, Marine City's tax bills can vary significantly, impacting homeowners differently based on their property's assessed value and the specific tax rates applied.
Average Marine City Tax Bill
$1,729
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 Marine City, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48039 | $1,007 | $1,310 | $1,729 | $2,376 | $3,425 |
Source: Ownwell