Quinnesec, Michigan Property Taxes
The median property tax rate in Quinnesec, MI is 0.59%, considerably lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Quinnesec at $121,200, the typical annual property tax bill reaches $734, significantly below the national median of $2,690. Property taxes in Quinnesec 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 Quinnesec'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 Quinnesec 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
Quinnesec, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$715
Ownwell’s Quinnesec Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Quinnesec with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Quinnesec 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 Quinnesec, Michigan
Property taxes in Quinnesec, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Quinnesec is 0.59%, which is lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Quinnesec set these rates annually, and they can vary significantly across different neighborhoods. Each year, Quinnesec 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 Quinnesec's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49876 zip code has the highest median property tax rate of 0.59%, while the same zip code also has the lowest median tax rate of 0.59%. Understanding how these cities compare with Quinnesec provides valuable insights into the varying tax landscape across Dickinson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Quinnesec Tax Rate
0.59%
Average Dickinson County Tax Rate
1.46%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Quinnesec, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49876 | 0.50% | 0.55% | 0.59% | 0.71% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Quinnesec, Michigan
In Quinnesec, 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 Dickinson 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 Quinnesec, 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 Quinnesec helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $734.00 in zip code 49876, which is also the lowest.
Average Quinnesec Assessed Value
$121,200
Average Dickinson County Assessed Value
$85,400
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Quinnesec, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49876 | $68,200 | $94,100 | $121,200 | $152,100 | $204,760 |
Source: Ownwell
Property Tax Bills Across Quinnesec, Michigan
In Quinnesec, located in Dickinson County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value typically represents 50% of the market value of the property. For instance, with a median home price of $121,200, the assessed value would be around $60,600. The property tax rate is then applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including local tax rates and any applicable exemptions or deductions. Homeowners in Quinnesec can expect a range of tax bills. At the 25th percentile, the tax bill is approximately $589, while at the 75th percentile, it rises to about $993. At the 90th percentile, it can be as high as $1,373. Comparatively, the median property tax bill in Quinnesec stands at $734, which is below the national median property tax rate of 0.99%. This relatively lower tax burden can make homeownership in Quinnesec more affordable and appealing.
Average Quinnesec Tax Bill
$734
Average Dickinson County Tax Bill
$1,193
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Quinnesec, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49876 | $431 | $589 | $734 | $993 | $1,373 |
Source: Ownwell