Filion, Michigan Property Taxes
The median property tax rate in Filion, MI is 0.88%, which is lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value in Filion of $125,200, the typical annual property tax bill comes to $1,167, significantly below the national median of $2,690. Property taxes in Filion are calculated based on the tax assessed value, which tends to be lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. By understanding Filion's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve substantial annual savings. Whether you reside in the heart of Filion or another part of Huron County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Filion, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,102
Ownwell’s Filion Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Filion with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Filion 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 Filion, Michigan
Property taxes in Filion, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Filion is 0.88%, lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Filion set these rates annually, and they can vary significantly across different neighborhoods. Each year, Filion 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 Filion's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48432 zip code has the highest median property tax rate of 0.88%, while the same zip code also has the lowest median tax rate of 0.88%. Understanding how these cities compare with Filion provides valuable insights into the varying tax landscape across Huron County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Filion Tax Rate
0.88%
Average Huron County Tax Rate
1.19%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Filion, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48432 | 0.69% | 0.77% | 0.88% | 1.06% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Filion, Michigan
In Filion, 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 Huron 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 Filion, 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. Filion has a median home price of $125,200, with the median tax bill ranging from $831 at the 25th percentile to $2,658 at the 90th percentile. The zip code 48432 has both the highest and lowest median tax bill at $1,167. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Filion Assessed Value
$125,200
Average Huron County Assessed Value
$119,000
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Filion, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48432 | $57,840 | $89,500 | $125,200 | $179,000 | $274,120 |
Source: Ownwell
Property Tax Bills Across Filion, Michigan
In Filion, Michigan, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is typically a percentage of the market value of the property. Homeowners in Filion can expect their tax bill to fall within a range, depending on the value of their property and the applicable tax rate. For instance, the median home price in Filion is $125,200. Property tax bills in this area can vary significantly, with the 25th percentile tax bill at $831 and the 75th percentile tax bill at $1,679. At the higher end, the 90th percentile tax bill reaches $2,658. These figures are influenced by various factors, including property improvements, neighborhood developments, and changes in local government budgets. Compared to the national median property tax rate of 0.99%, Filion's tax rates can provide a more affordable option for homeowners, making it a potentially attractive location for property investment. Understanding these factors can help homeowners anticipate their annual tax obligations and plan accordingly.
Average Filion Tax Bill
$1,167
Average Huron County Tax Bill
$1,405
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Filion, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48432 | $559 | $831 | $1,167 | $1,679 | $2,658 |
Source: Ownwell