Harrison, Michigan Property Taxes
The median property tax rate in Harrison, MI is 0.41%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Harrison at $69,200, the typical annual property tax bill is $348, which is well below the national median of $2,690. Property taxes in Harrison are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Harrison'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 Harrison 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
Harrison, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.41%
Estimate Property Tax Bill
$284
Ownwell’s Harrison Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harrison with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harrison 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 Harrison, Michigan
Property taxes in Harrison, Michigan, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harrison is 0.41%, significantly lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Harrison set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harrison 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 Harrison's effective property tax rate to other areas in Michigan and the national median. For comparison, the 48625 zip code has both the highest and lowest median property tax rate of 0.41%. Understanding how these cities compare with Harrison provides valuable insights into the varying tax landscape across Clare County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harrison Tax Rate
0.41%
Average Clare County Tax Rate
0.40%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harrison, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48625 | 0.29% | 0.35% | 0.41% | 0.90% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Harrison, Michigan
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Harrison, Michigan. 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 Clare 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 Harrison, 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. For instance, the highest median tax bill in Harrison is $348 in the 48625 zip code, while the lowest is also $348 in the same zip code. Understanding these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Harrison Assessed Value
$69,200
Average Clare County Assessed Value
$85,200
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harrison, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48625 | $26,000 | $41,650 | $69,200 | $119,200 | $191,680 |
Source: Ownwell
Property Tax Bills Across Harrison, Michigan
Property tax bills in Harrison, located in Clare County, MI, are calculated based on the assessed value of a property, which is typically determined as a percentage of its market value. Homeowners in Harrison experience a median home price of $69,200. The property tax rate in this region is influenced by local government budgets and the needs of public services such as schools and infrastructure. The tax bill can vary significantly depending on the assessed value of the property and the specific tax rate applied. For instance, at the 25th percentile, homeowners might see a tax bill around $173, while those at the 75th percentile could face a bill nearing $794. At the 90th percentile, the tax bill can climb to approximately $1,546. This range indicates how property taxes can affect homeowners differently based on their property's assessed value. Comparatively, Harrison's property tax rate is influenced by local factors, which can result in different tax burdens for homeowners. Understanding these factors can help residents better anticipate their annual property tax obligations.
Average Harrison Tax Bill
$348
Average Clare County Tax Bill
$399
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Harrison, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48625 | $100 | $173 | $348 | $794 | $1,546 |
Source: Ownwell