Melvin, Michigan Property Taxes
The median property tax rate in Melvin, MI is 0.83%, which is lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Melvin at $129,800, the typical annual property tax bill amounts to $1,119, which is significantly less than the national median of $2,690. Property taxes in Melvin are calculated based on the tax assessed value, often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Navigating Melvin's property tax system, exploring available exemptions, and finding opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Melvin or another part of Sanilac County, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Melvin, Michigan Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$2,140
Ownwell’s Melvin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Melvin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Melvin 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 Melvin, Michigan
Property taxes in Melvin, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Melvin is 0.83%, which is lower than the U.S. national median of 0.99%. Local government entities within Melvin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Melvin 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 Melvin's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48454 zip code has the highest median property tax rate of 0.83%, while the same 48454 zip code also has the lowest median tax rate of 0.83%. Understanding how these cities compare with Melvin 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 Melvin Tax Rate
0.83%
Average Sanilac County Tax Rate
1.15%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Melvin, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48454 | 0.63% | 0.71% | 0.83% | 0.96% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Melvin, Michigan
In Melvin, 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 Melvin, 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 Melvin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Melvin is $129,800, with tax bills ranging from $709 at the 25th percentile to $2,197 at the 90th percentile. The zip code 48454 has the highest and lowest median tax bill of $1,119.
Average Melvin Assessed Value
$129,800
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 Melvin, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48454 | $55,980 | $83,900 | $129,800 | $196,800 | $259,540 |
Source: Ownwell
Property Tax Bills Across Melvin, Michigan
In Melvin, Sanilac County, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. Homeowners in this city see a range of property tax bills, influenced by various factors such as the home's assessed value, local tax rates, and any applicable exemptions. For instance, the median home price in Melvin is $129,800. Property tax bills in this area can vary significantly, with the 25th percentile at $709 and the 75th percentile at $1,625, reflecting differences in property values and tax rates. The highest median tax bill in the area is $1,119, found in the 48454 zip code. This figure is relatively close to the national median property tax rate of 0.99%, making it a competitive rate for homeowners. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life in Melvin. Understanding how these taxes are calculated helps homeowners plan their finances and potentially appeal their tax assessments if they believe they are overvalued.
Average Melvin Tax Bill
$1,119
Average Sanilac County Tax Bill
$1,234
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Melvin, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48454 | $474 | $709 | $1,119 | $1,625 | $2,197 |
Source: Ownwell