Deford, Michigan Property Taxes
The median property tax rate in Deford, MI is 1.11%, which is higher than both the national median of 0.99% and Michigan's state median of 1.07%. With the median home value in Deford at $133,400, the typical annual property tax bill amounts to $1,443, surpassing the national median of $2,690. Property taxes in Deford are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. By understanding Deford's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're in the heart of Deford or another part of Sanilac County, a thorough understanding of the local property tax system will be beneficial.
Last Updated June 14, 2024
Deford, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$1,481
Ownwell’s DEFORD Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in DEFORD with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DEFORD 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 Deford, Michigan
Property taxes in Deford, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Deford is 1.11%, higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Deford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Deford 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 Deford's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48729 zip code has the highest median property tax rate of 1.11%, while the 48729 zip code also has the lowest median tax rate of 1.11%. Understanding how these areas compare with Deford provides valuable insights into the varying tax landscape across Sanilac County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Deford Tax Rate
1.11%
Average Sanilac County Tax Rate
1.15%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Deford, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48729 | 1.02% | 1.05% | 1.11% | 1.18% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Deford, Michigan
In Deford, 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 Sanilac 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 Deford, 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 Deford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Deford is $1443 in zip code 48729, while the lowest median tax bill is also $1443 in the same zip code.
Average Deford Assessed Value
$133,400
Average Sanilac County Assessed Value
$107,600
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Deford, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48729 | $79,320 | $99,600 | $133,400 | $138,800 | $142,040 |
Source: Ownwell
Property Tax Bills Across Deford, Michigan
In Deford, located in Sanilac County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is typically a percentage of the market value, and in Michigan, this is often set at 50% of the market value. For example, with a median home price of $133,400 in Deford, the assessed value would be around $66,700. The property tax rate is then applied to this assessed value to determine the annual tax bill. The national median property tax rate is 0.99%, but local rates can vary. In Deford, homeowners can expect to see tax bills ranging from $1,135 at the 25th percentile to $1,460 at the 75th percentile, with the highest median tax bill recorded at $1,443. These property taxes are essential for funding local services such as schools, public safety, and infrastructure. For homeowners, understanding how their tax bill is calculated can help in budgeting and financial planning.
Average Deford Tax Bill
$1,443
Average Sanilac County Tax Bill
$1,234
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Deford, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48729 | $950 | $1,135 | $1,443 | $1,460 | $1,470 |
Source: Ownwell