Marlette, Michigan Property Taxes
The median property tax rate in Marlette, MI is 1.07%, aligning with the Michigan state median but higher than the national median of 0.99%. With a median home value of $88,600 in Marlette, the typical annual property tax bill amounts to $1,005, which is below the national median of $2,690. Property taxes in Marlette are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Marlette'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 Marlette or another part of Sanilac County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Marlette, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$948
Ownwell’s Marlette Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marlette with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marlette 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 Marlette, Michigan
Property taxes in Marlette, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marlette is 1.07%, higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Marlette set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marlette 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 Marlette's effective property tax rate to other areas in Michigan and the national median. For comparison, the 48453 zip code has the highest median property tax rate of 1.07%, while the same zip code also has the lowest median tax rate of 1.07%. Understanding how these areas compare with Marlette 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 Marlette Tax Rate
1.07%
Average Sanilac County Tax Rate
1.15%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marlette, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48453 | 0.71% | 0.88% | 1.07% | 1.53% | 1.97% |
Source: Ownwell
Property Tax Assessment Values Across Marlette, Michigan
In Marlette, 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. Assessment notices in Marlette 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. For instance, Marlette's highest median tax bill is $1,005 in the 48453 zip code, while the lowest median tax bill is also $1,005 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Marlette Assessed Value
$88,600
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 Marlette, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48453 | $20,800 | $58,800 | $88,600 | $133,600 | $183,400 |
Source: Ownwell
Property Tax Bills Across Marlette, Michigan
In Marlette, located in Sanilac County, MI, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Marlette is $88,600. Property taxes are then applied to this assessed value using the local tax rate. Various factors influence the tax bill, including property size, location, and improvements made to the property. For homeowners in Marlette, the tax bills can vary significantly. For instance, the 25th percentile tax bill is $669, while the 75th percentile tax bill rises to $1,411, and the 90th percentile tax bill reaches $1,980. These figures indicate that while some homeowners pay relatively low property taxes, others may face higher bills depending on their property's assessed value and other contributing factors. Compared to the national median property tax rate of 0.99%, Marlette's property tax bills reflect the local economic conditions and property values, impacting homeowners' financial planning and overall cost of living in the area.
Average Marlette Tax Bill
$1,005
Average Sanilac County Tax Bill
$1,234
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Marlette, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48453 | $372 | $669 | $1,005 | $1,411 | $1,980 |
Source: Ownwell