White Pine, Michigan Property Taxes
The median property tax rate in White Pine, MI is 0.93%, which is lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $51,580 in White Pine, the typical annual property tax bill amounts to $368, significantly below the national median of $2,690. Property taxes in White Pine are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding White Pine's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of White Pine or another part of Ontonagon County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
White Pine, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$480
Ownwell’s White Pine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in White Pine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in White Pine 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 White Pine, Michigan
Property taxes in White Pine, Michigan, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in White Pine is 0.93%, which is slightly below the U.S. national median of 0.99%. Local government entities within White Pine set these rates annually, and they can vary significantly across different neighborhoods. Each year, White Pine 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 White Pine's effective property tax rate to other areas in Ontonagon County and the national median. For comparison, the zip code 49971 has the highest median property tax rate of 0.93%, while the same zip code also has the lowest median tax rate of 0.93%. Understanding how these areas compare with White Pine provides valuable insights into the varying tax landscape across Ontonagon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average White Pine Tax Rate
0.93%
Average Ontonagon County Tax Rate
0.86%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across White Pine, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49971 | 0.48% | 0.51% | 0.93% | 1.06% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across White Pine, Michigan
In White Pine, 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 Ontonagon 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 White Pine, 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 White Pine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in White Pine is $368 in the 49971 zip code, while the lowest is also $368 in the same zip code.
Average White Pine Assessed Value
$51,580
Average Ontonagon County Assessed Value
$68,300
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across White Pine, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49971 | $29,780 | $36,620 | $51,580 | $68,520 | $84,788 |
Source: Ownwell
Property Tax Bills Across White Pine, Michigan
In White Pine, located in Ontonagon County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is a percentage of the market value of the property. Homeowners in White Pine can expect their tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $277, while at the 75th percentile, it's $518. At the 90th percentile, homeowners might pay as much as $821. These figures are influenced by several factors, including property size, location, and any improvements made to the property. The median home price in White Pine is $51,580, which is relatively low compared to national figures. This lower home price contributes to the generally lower property tax bills in the area. However, even within White Pine, the median tax bill can vary, with the highest and lowest median tax bills both recorded at $368 in the zip code 49971. This variability affects homeowners differently, depending on their property's assessed value and specific circumstances.
Average White Pine Tax Bill
$368
Average Ontonagon County Tax Bill
$577
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across White Pine, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49971 | $184 | $277 | $368 | $518 | $821 |
Source: Ownwell