Saint Louis, Michigan Property Taxes
The median property tax rate in Saint Louis, MI is 0.38%, considerably lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Saint Louis at $113,000, the typical annual property tax bill reaches $428, significantly below the national median of $2,690. Property taxes in Saint Louis 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 Saint Louis'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 Saint Louis 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
Saint Louis, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.38%
Estimate Property Tax Bill
$429
Ownwell’s Saint Louis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Louis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Louis 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 Saint Louis, Michigan
Property taxes in Saint Louis, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Louis is 1.54%, significantly higher than both the Michigan state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Saint Louis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Louis 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 Saint Louis's effective property tax rate to other counties in Michigan and the national median. For comparison, the highest median property tax rate in Michigan is found in Washtenaw County at 2.06%, while the lowest median tax rate is in Luce County at 1.08%. Understanding how these counties compare with Saint Louis provides valuable insights into the varying tax landscape across Gratiot County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Louis Tax Rate
0.38%
Average Midland County Tax Rate
0.54%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Louis, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48880 | 0.29% | 0.34% | 0.38% | 0.43% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Saint Louis, Michigan
In Saint Louis, 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 Midland 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 Saint Louis, 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 Saint Louis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 48880 has the highest and lowest median tax bill at $428.
Average Saint Louis Assessed Value
$113,000
Average Midland County Assessed Value
$158,800
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Louis, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48880 | $45,080 | $70,500 | $113,000 | $202,700 | $329,840 |
Source: Ownwell
Property Tax Bills Across Saint Louis, Michigan
In Saint Louis, Midland County, MI, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value, which, in this area, has a median home price of $113,000. The local tax rate then determines the final tax bill amount. Factors such as property improvements, neighborhood changes, and market conditions can influence the assessed value, thereby affecting the tax bill. For homeowners in Saint Louis, property tax bills can vary significantly. At the 25th percentile, tax bills are around $270, while those at the 75th percentile reach approximately $755. The top 10% of tax bills can be as high as $1,207. Comparatively, the highest and lowest median tax bills in the region both stand at $428, indicating a relatively consistent tax landscape within Midland County. Understanding these factors can help homeowners anticipate their tax obligations and plan accordingly.
Average Saint Louis Tax Bill
$428
Average Midland County Tax Bill
$1,273
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Louis, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48880 | $180 | $270 | $428 | $755 | $1,207 |
Source: Ownwell