Port Sanilac, Michigan Property Taxes
The median property tax rate in Port Sanilac, MI is 1.37%, considerably higher than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Port Sanilac at $143,200, the typical annual property tax bill reaches $1,906, which is below the national median of $2,690. Property taxes in Port Sanilac 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 Port Sanilac'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 Port Sanilac 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
Port Sanilac, 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 Port Sanilac Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes with ease. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Port Sanilac to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, helping you make informed financial decisions. For those interested in more granular details, localized neighborhood trends are available further down the page. Your property’s assessed value, determined by the county, is crucial for property tax calculations and may include applicable exemptions.
Property Tax Rates Across Port Sanilac, Michigan
Property taxes in Port Sanilac, Michigan, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Port Sanilac is 1.37%, notably higher than the U.S. national median of 0.99%. Local government entities within Port Sanilac set these rates annually, and they can vary significantly across different neighborhoods. Each year, Port Sanilac 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 Port Sanilac's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48469 zip code has the highest median property tax rate of 1.37%, while the 48469 zip code also has the lowest median tax rate of 1.37%. Understanding how these cities compare with Port Sanilac 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 Port Sanilac Tax Rate
1.37%
Average Sanilac County Tax Rate
1.15%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Port Sanilac, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48469 | 0.84% | 1.03% | 1.37% | 1.71% | 2.09% |
Source: Ownwell
Property Tax Assessment Values Across Port Sanilac, Michigan
In Port Sanilac, 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 Assessor 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 Port Sanilac, 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. The median home price in Port Sanilac is $143,200, with tax bills ranging from $1,107 at the 25th percentile to $7,170 at the 90th percentile. The highest and lowest median tax bills are both $1,906, found in the 48469 zip code. 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 Port Sanilac helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Port Sanilac Assessed Value
$143,200
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 Port Sanilac, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48469 | $34,960 | $82,800 | $143,200 | $335,400 | $539,360 |
Source: Ownwell
Property Tax Bills Across Port Sanilac, Michigan
Property tax bills in Port Sanilac, located in Sanilac County, MI, are calculated based on the assessed value of the property and the local tax rate. The assessed value is typically a percentage of the property's market value, which is determined by the local assessor. In Port Sanilac, the median home price is $143,200. The local tax rate is applied to this assessed value to determine the annual property tax bill. Factors such as property improvements, neighborhood changes, and market conditions can influence the assessed value. Homeowners in Port Sanilac can expect their property tax bills to vary significantly, with the 25th percentile tax bill around $1,107 and the 75th percentile reaching up to $4,280. For those at the 90th percentile, the tax bill can be as high as $7,170. This variation affects homeowners differently, depending on their property's assessed value and the local tax rate. Compared to the national median property tax rate of 0.99%, Port Sanilac's property tax bills reflect the unique economic and market conditions of the area.
Average Port Sanilac Tax Bill
$1,906
Average Sanilac County Tax Bill
$1,234
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Port Sanilac, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48469 | $499 | $1,107 | $1,906 | $4,280 | $7,170 |
Source: Ownwell