Deerton, Michigan Property Taxes
The median property tax rate in Deerton, MI is 0.41%, considerably lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Deerton at $164,500, the typical annual property tax bill is $471, significantly below the national median of $2,690. Property taxes in Deerton 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 Deerton'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 Deerton 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
Deerton, Michigan 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 Deerton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Deerton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Deerton 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 Deerton, Michigan
Property taxes in Deerton, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Deerton is 0.41%, which is significantly lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Deerton set these rates annually, and they can vary across different neighborhoods. Each year, Deerton 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 Deerton's effective property tax rate to other counties in Michigan and the national median. For comparison, the zip code 49822 has both the highest and lowest median property tax rate of 0.41%. Understanding how these cities compare with Deerton provides valuable insights into the varying tax landscape across Marquette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Deerton Tax Rate
0.41%
Average Marquette County Tax Rate
0.46%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Deerton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49822 | 0.25% | 0.30% | 0.41% | 0.52% | 0.55% |
Source: Ownwell
Property Tax Assessment Values Across Deerton, Michigan
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Deerton, 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 Marquette 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 Deerton, 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. For example, the median home price in Deerton is $164,500, with tax bills ranging from $215 at the 25th percentile to $1,126 at the 90th percentile. The zip code 49822 has both the highest and lowest median tax bill at $471. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Deerton Assessed Value
$164,500
Average Marquette County Assessed Value
$155,200
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Deerton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49822 | $41,040 | $92,700 | $164,500 | $221,750 | $247,220 |
Source: Ownwell
Property Tax Bills Across Deerton, Michigan
In Deerton, located in Marquette County, MI, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Deerton is $164,500. Property tax rates in this region can vary, but understanding how your tax bill is determined can help you plan better. The tax bill amount depends on the assessed value, which is typically a fraction of the market value, and the local tax rate. For instance, homeowners in the 25th percentile pay around $215, while those in the 75th percentile pay approximately $832, and the 90th percentile sees tax bills around $1126. The highest and lowest median tax bills in the area are both $471, indicating a level of consistency in property tax assessments. These figures show that while property tax bills can vary, they are generally in line with the national median property tax rate of 0.99%. For homeowners, this means that property taxes are a significant but predictable part of homeownership costs in Deerton.
Average Deerton Tax Bill
$471
Average Marquette County Tax Bill
$725
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Deerton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49822 | $108 | $215 | $471 | $832 | $1,126 |
Source: Ownwell