Clio, Michigan Property Taxes
The median property tax rate in Clio, MI is 0.28%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Clio, the typical annual property tax bill reaches $233, which is well below the national median of $2,690. Property taxes in Clio are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Clio'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 Clio 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
Clio, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.28%
Estimate Property Tax Bill
$237
Ownwell’s Clio Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clio with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clio 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 Clio, Michigan
Property taxes in Clio, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clio is 1.62%, significantly higher than both the Michigan state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Clio set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clio 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 Clio's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48532 zip code has the highest median property tax rate of 1.99%, while the 48420 zip code has the lowest median tax rate of 1.25%. Understanding how these cities compare with Clio provides valuable insights into the varying tax landscape across Tuscola County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clio Tax Rate
0.28%
Average Tuscola County Tax Rate
0.36%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clio, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48420 | 0.21% | 0.24% | 0.28% | 0.33% | 0.42% |
Source: Ownwell
Property Tax Assessment Values Across Clio, Michigan
In Clio, 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 Tuscola 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. Assessment notices in Clio 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 Clio helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Clio are both $233, found in the 48420 zip code.
Average Clio Assessed Value
$84,600
Average Tuscola County Assessed Value
$128,800
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clio, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48420 | $38,020 | $51,200 | $84,600 | $143,400 | $222,380 |
Source: Ownwell
Property Tax Bills Across Clio, Michigan
In Clio, located in Tuscola County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is typically a percentage of the market value of the property. For instance, with a median home price of $84,600, the property tax rate is applied to this assessed value to determine the tax bill. Various factors such as property size, location, and improvements can influence the assessed value. Homeowners in Clio can expect their property tax bills to vary. The 25th percentile tax bill is around $149, while the 75th percentile reaches up to $399. For those in the 90th percentile, the bill can climb to $599. These figures highlight the range of property tax obligations homeowners might face, depending on their property's assessed value. Compared to the national median property tax rate of 0.99%, Clio's property tax rates can be seen as relatively moderate, providing a balanced approach for homeowners in the region.
Average Clio Tax Bill
$233
Average Tuscola County Tax Bill
$531
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Clio, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48420 | $111 | $149 | $233 | $399 | $599 |
Source: Ownwell