Harbor Beach, Michigan Property Taxes
The median property tax rate in Harbor Beach, MI is 1.39%, considerably higher than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Harbor Beach at $132,000, the typical annual property tax bill reaches $1,698, exceeding the national median of $2,690. Property taxes in Harbor Beach 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 Harbor Beach'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 Harbor Beach 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
Harbor Beach, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.39%
Estimate Property Tax Bill
$1,835
Ownwell’s Harbor Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harbor Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harbor Beach 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 Harbor Beach, Michigan
Property taxes in Harbor Beach, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harbor Beach is 1.39%, significantly higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Harbor Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harbor Beach 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 Harbor Beach's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48441 zip code has the highest median property tax rate of 1.39%, while the same zip code also has the lowest median tax rate of 1.39%. Understanding how these cities compare with Harbor Beach 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 Harbor Beach Tax Rate
1.39%
Average Sanilac County Tax Rate
1.15%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harbor Beach, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48441 | 0.91% | 1.07% | 1.39% | 1.74% | 2.20% |
Source: Ownwell
Property Tax Assessment Values Across Harbor Beach, Michigan
In Harbor Beach, 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 Harbor Beach, 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 Harbor Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Harbor Beach, the highest and lowest median tax bills are both $1,698, found in zip code 48441.
Average Harbor Beach Assessed Value
$132,000
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 Harbor Beach, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48441 | $11,500 | $61,700 | $132,000 | $312,000 | $412,500 |
Source: Ownwell
Property Tax Bills Across Harbor Beach, Michigan
In Harbor Beach, located in Sanilac County, MI, property tax bills are calculated based on the assessed value of a property, which is typically 50% of its market value. For instance, with a median home price of $132,000, the assessed value would be approximately $66,000. The tax rate is applied to this assessed value to determine the annual tax bill. Various factors, such as local government budgets, school funding, and public services, influence the tax rate. Homeowners in Harbor Beach experience a range of tax bills. The 25th percentile tax bill is around $988, while those in the 75th percentile pay up to $3,928 annually. At the higher end, the 90th percentile tax bill reaches $4,700. These figures reflect the variability in property values and the specific needs of the community. Compared to the national median property tax rate of 0.99%, Harbor Beach homeowners may find their rates competitive, impacting their financial planning and overall cost of homeownership.
Average Harbor Beach Tax Bill
$1,698
Average Sanilac County Tax Bill
$1,234
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Harbor Beach, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48441 | $207 | $988 | $1,698 | $3,928 | $4,700 |
Source: Ownwell