Barton City, Michigan Property Taxes
The median property tax rate in Barton City, MI is 0.60%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Barton City at $86,000, the typical annual property tax bill is $639, which is well below the national median of $2,690. Property taxes in Barton 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 Barton 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 Barton 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
Barton City, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$516
Ownwell’s Barton City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Barton City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Barton 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 Barton City, Michigan
Property taxes in Barton City, Michigan, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Barton City is 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within Barton City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Barton 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 Barton City's effective property tax rate to other areas in Michigan and the national median. For comparison, the zip code 48705 has the highest median property tax rate of 0.60%, while the same zip code also has the lowest median tax rate of 0.60%. Understanding how these areas compare with Barton City provides valuable insights into the varying tax landscape across Alcona County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Barton City Tax Rate
0.60%
Average Alcona County Tax Rate
0.72%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Barton City, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48705 | 0.42% | 0.48% | 0.60% | 1.24% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Barton City, Michigan
In Barton 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 Alcona 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 Barton City 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 Barton City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Barton City is $639 in the 48705 zip code, which is also the lowest median tax bill.
Average Barton City Assessed Value
$86,000
Average Alcona County Assessed Value
$114,600
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Barton City, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48705 | $36,000 | $52,600 | $86,000 | $134,200 | $203,440 |
Source: Ownwell
Property Tax Bills Across Barton City, Michigan
In Barton City, located in Alcona County, MI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the market value of the property. For instance, with a median home price of $86,000, homeowners can expect their property taxes to be calculated using this value as a base. The local property tax rate is applied to this assessed value to determine the annual tax bill. Homeowners in Barton City experience a range of tax bills. At the 25th percentile, the tax bill is $347, while at the 75th percentile, it rises to $1,141. For those in the 90th percentile, the tax bill can reach up to $1,665. This variation is influenced by factors such as property location, home improvements, and changes in market conditions. The highest and lowest median tax bills in Barton City are both $639, reflecting a relatively consistent tax environment within the zip code 48705. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Barton City Tax Bill
$639
Average Alcona County Tax Bill
$819
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Barton City, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48705 | $209 | $347 | $639 | $1,141 | $1,665 |
Source: Ownwell