Gratiot County Property Taxes
The median property tax rate in Gratiot is 0.33%, which is significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Gratiot, the typical annual property tax bill reaches $380, which is well below the national median of $2,690. Property taxes in Gratiot are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Gratiot's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Ithaca or another part of Gratiot, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gratiot County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$2,140
Ownwell’s Gratiot County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gratiot County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Gratiot County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property's assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Gratiot County, Michigan
Property taxes in Gratiot County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Gratiot County is 0.33%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Gratiot County set these rates annually, and they can vary significantly between different areas within the county. Each year, Gratiot County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Gratiot County's effective property tax rate with other counties in Michigan and the national median. For comparison, the city of Bannister has one of the higher property tax rates in Michigan at 0.59%, while the city of Breckenridge boasts one of the lowest at 0.41%. Analyzing how Gratiot County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Gratiot County Tax Rate
0.33%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gratiot County, Michigan
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alma | 0.11% | 0.14% | 0.19% | 0.28% | 0.47% |
| Ashley | 0.21% | 0.30% | 0.44% | 0.63% | 0.91% |
| Bannister | 0.29% | 0.40% | 0.59% | 0.81% | 1.19% |
| Brant | 0.26% | 0.30% | 0.43% | 0.47% | 0.60% |
| Breckenridge | 0.27% | 0.33% | 0.41% | 0.51% | 0.68% |
| Carson City | 0.20% | 0.29% | 0.36% | 0.46% | 0.63% |
| Crystal | N/A | N/A | N/A | N/A | N/A |
| Elm Hall | 0.26% | 0.30% | 0.49% | 0.84% | 0.96% |
| Elsie | 0.33% | 0.36% | 0.45% | 0.56% | 0.62% |
| Elwell | 0.22% | 0.27% | 0.34% | 0.45% | 0.63% |
| Fowler | 0.16% | 0.28% | 0.33% | 0.41% | 0.41% |
| Hubbardston | 0.31% | 0.34% | 0.40% | 0.46% | 0.63% |
| Ithaca | 0.20% | 0.25% | 0.32% | 0.42% | 0.60% |
| Merrill | 0.28% | 0.35% | 0.42% | 0.58% | 0.76% |
| Middleton | 0.26% | 0.32% | 0.46% | 0.66% | 0.97% |
| North Star | 0.18% | 0.26% | 0.42% | 0.82% | 1.97% |
| Perrinton | N/A | N/A | N/A | N/A | N/A |
| Pompeii | 0.28% | 0.35% | 0.52% | 1.02% | 1.79% |
| Riverdale | 0.16% | 0.24% | 0.34% | 0.49% | 0.77% |
| Saint Johns | 0.15% | 0.23% | 0.37% | 0.45% | 0.52% |
| Saint Louis | 0.32% | 0.40% | 0.49% | 0.62% | 0.81% |
| Shepherd | 0.20% | 0.28% | 0.38% | 0.44% | 0.47% |
| Sumner | 0.16% | 0.22% | 0.29% | 0.43% | 0.64% |
| Vestaburg | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% |
| Wheeler | 0.27% | 0.37% | 0.46% | 0.59% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Gratiot County, Michigan
In Gratiot County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Gratiot County Appraisal District. The assessed value, however, 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 Gratiot County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Vestaburg has the highest median tax bill at $881, while Alma has the lowest at $209. Being aware of these valuation processes in Gratiot County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Gratiot County, Michigan
Source: Ownwell
$68,400
$167,300
$266,200
Average Gratiot County Assessed Value
$112,300
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gratiot County, Michigan
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alma | $15,020 | $72,200 | $104,600 | $157,000 | $225,000 |
| Ashley | $38,600 | $70,850 | $110,200 | $163,500 | $234,500 |
| Bannister | $36,160 | $66,500 | $93,000 | $134,900 | $176,160 |
| Brant | $64,760 | $82,400 | $139,400 | $183,200 | $197,720 |
| Breckenridge | $66,400 | $87,600 | $113,300 | $153,450 | $205,400 |
| Carson City | $81,400 | $110,100 | $138,200 | $179,700 | $230,600 |
| Crystal | N/A | N/A | N/A | N/A | N/A |
| Elm Hall | $9,000 | $26,200 | $68,400 | $89,300 | $99,400 |
| Elsie | $95,200 | $105,800 | $138,600 | $161,300 | $187,360 |
| Elwell | $61,000 | $92,000 | $134,200 | $187,600 | $243,200 |
| Fowler | $74,900 | $100,750 | $113,300 | $144,900 | $303,000 |
| Hubbardston | $54,040 | $114,100 | $137,300 | $164,250 | $198,660 |
| Ithaca | $44,800 | $87,600 | $122,000 | $168,000 | $220,400 |
| Merrill | $63,320 | $90,600 | $133,000 | $174,200 | $220,120 |
| Middleton | $41,280 | $72,100 | $93,600 | $150,200 | $205,080 |
| North Star | $18,800 | $48,000 | $80,600 | $104,400 | $120,960 |
| Perrinton | N/A | N/A | N/A | N/A | N/A |
| Pompeii | $24,380 | $55,600 | $75,100 | $91,950 | $102,840 |
| Riverdale | $34,860 | $64,550 | $105,700 | $169,000 | $236,520 |
| Saint Johns | $59,500 | $94,600 | $119,900 | $155,500 | $232,460 |
| Saint Louis | $42,120 | $72,200 | $101,000 | $151,600 | $214,840 |
| Shepherd | $92,900 | $115,800 | $145,000 | $212,450 | $241,800 |
| Sumner | $49,680 | $87,600 | $130,600 | $178,200 | $241,960 |
| Vestaburg | $234,840 | $246,600 | $266,200 | $285,800 | $297,560 |
| Wheeler | $50,340 | $80,550 | $112,300 | $157,850 | $213,400 |
Source: Ownwell
Property Tax Bills Across Gratiot County, Michigan
In Gratiot County, MI, property tax bills are calculated based on the assessed value of a home, which is typically 50% of the market value. For instance, with a median home price of $112,300, the assessed value would be around $56,150. The county then applies the local tax rate to this assessed value to determine the annual tax bill. Several factors influence the final tax amount, including local government budgets, school district funding needs, and specific property exemptions. Homeowners in Gratiot County can see a range of tax bills depending on their property's value and location. For example, tax bills in the 25th percentile are around $221, while those in the 75th percentile reach $604. The highest median tax bill in the county is found in Vestaburg at $881, whereas Alma has the lowest at $209. Understanding these calculations helps homeowners anticipate their financial obligations and plan accordingly, ensuring they are prepared for their annual property tax bill.
Average Gratiot County Tax Bill
$380
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Gratiot County, Michigan
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alma | $88 | $125 | $209 | $399 | $726 |
| Ashley | $191 | $299 | $452 | $674 | $857 |
| Bannister | $199 | $306 | $510 | $743 | $1,025 |
| Brant | $338 | $410 | $525 | $588 | $752 |
| Breckenridge | $237 | $328 | $478 | $636 | $892 |
| Carson City | $198 | $399 | $495 | $592 | $814 |
| Crystal | N/A | N/A | N/A | N/A | N/A |
| Elm Hall | $117 | $173 | $263 | $382 | $610 |
| Elsie | $540 | $579 | $612 | $679 | $886 |
| Elwell | $233 | $311 | $436 | $588 | $767 |
| Fowler | $306 | $362 | $463 | $474 | $495 |
| Hubbardston | $391 | $469 | $565 | $621 | $819 |
| Ithaca | $214 | $284 | $398 | $568 | $796 |
| Merrill | $263 | $416 | $537 | $696 | $927 |
| Middleton | $248 | $308 | $433 | $575 | $801 |
| North Star | $178 | $207 | $373 | $735 | $915 |
| Perrinton | N/A | N/A | N/A | N/A | N/A |
| Pompeii | $190 | $288 | $380 | $687 | $963 |
| Riverdale | $131 | $227 | $353 | $554 | $825 |
| Saint Johns | $215 | $296 | $466 | $631 | $880 |
| Saint Louis | $241 | $357 | $524 | $758 | $1,085 |
| Shepherd | $282 | $391 | $483 | $676 | $776 |
| Sumner | $167 | $237 | $346 | $546 | $759 |
| Vestaburg | $881 | $881 | $881 | $881 | $881 |
| Wheeler | $260 | $348 | $482 | $654 | $918 |
Source: Ownwell