Schoolcraft County Property Taxes
The median property tax rate in Schoolcraft County is 0.45%, which is significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Schoolcraft County, the typical annual property tax bill is $504, which is far below the national median of $2,690. Property taxes in Schoolcraft County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Schoolcraft County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Manistique or another part of Schoolcraft County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Schoolcraft County 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 Schoolcraft Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Schoolcraft with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Schoolcraft to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Schoolcraft County, Michigan
Property taxes in Schoolcraft play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Schoolcraft is 0.45%, which is lower than the U.S. national median of 0.99%. Local government entities within Schoolcraft set these rates annually, and they can vary significantly between different areas within the county. Each year, Schoolcraft estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Schoolcraft's effective property tax rate with other counties in Michigan and the national median. For comparison, the city of Escanaba has one of the higher property tax rates in Michigan at 1.68%, while the city of Cooks boasts one of the lowest at 0.40%. Analyzing how Schoolcraft's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Schoolcraft County Tax Rate
0.45%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Schoolcraft County, Michigan
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alpena | 0.34% | 0.36% | 0.39% | 0.43% | 0.45% |
| Alva | 0.37% | 0.37% | 0.37% | 0.37% | 0.37% |
| Blue | 0.41% | 0.41% | 0.41% | 0.41% | 0.41% |
| Brooklyn | 0.41% | 0.41% | 0.41% | 0.41% | 0.41% |
| Carpenter | 1.08% | 1.11% | 1.17% | 1.22% | 1.26% |
| Cooks | 0.26% | 0.32% | 0.40% | 0.44% | 0.49% |
| Eaton Rapids | 0.32% | 0.32% | 0.32% | 0.32% | 0.32% |
| Escanaba | 1.68% | 1.68% | 1.68% | 1.68% | 1.68% |
| Garden | 0.33% | 0.34% | 0.36% | 0.38% | 0.39% |
| Germfask | 0.28% | 0.38% | 0.41% | 0.43% | 0.48% |
| Gulliver | 0.21% | 0.28% | 0.39% | 0.45% | 0.49% |
| Hiawatha | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% |
| Lake | 0.18% | 0.38% | 0.44% | 0.44% | 0.46% |
| Lisle | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
| Louisville | 0.38% | 0.38% | 0.38% | 0.38% | 0.38% |
| Manistique | 0.27% | 0.38% | 0.46% | 1.12% | 1.31% |
| Naperville | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| N County | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
| Ross | 0.26% | 0.28% | 0.36% | 0.45% | 0.45% |
| Seney | N/A | N/A | N/A | N/A | N/A |
| Shingleton | 0.38% | 0.44% | 0.49% | 0.49% | 0.50% |
| Smith | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% |
| South | 0.26% | 0.26% | 0.26% | 0.26% | 0.26% |
| Street | 0.41% | 0.42% | 0.45% | 0.47% | 0.48% |
| Sunrise | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% |
| Toledo | 0.27% | 0.29% | 0.33% | 0.37% | 0.39% |
| Twin Lake | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% |
| Vicksburg | 0.35% | 0.35% | 0.35% | 0.35% | 0.35% |
| Wayne | 1.44% | 1.45% | 1.48% | 1.50% | 1.52% |
| Wayne Ct | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% |
| Wetmore | 0.30% | 0.37% | 0.44% | 0.49% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Schoolcraft County, Michigan
In Schoolcraft County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Schoolcraft County Appraisal District. The assessed value, however, 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 Schoolcraft County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. In Schoolcraft County, the city with the highest median tax bill is Escanaba at $3,683, while Blue has the lowest at $145. Being aware of these valuation processes in Schoolcraft County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Schoolcraft County, Michigan
Source: Ownwell
$43,200
$131,300
$219,400
Average Schoolcraft County Assessed Value
$86,700
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Schoolcraft County, Michigan
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alpena | $69,900 | $76,050 | $86,300 | $96,550 | $102,700 |
| Alva | $57,400 | $57,400 | $57,400 | $57,400 | $57,400 |
| Blue | $35,600 | $35,600 | $35,600 | $35,600 | $35,600 |
| Brooklyn | $43,600 | $43,600 | $43,600 | $43,600 | $43,600 |
| Carpenter | $64,800 | $68,400 | $74,400 | $80,400 | $84,000 |
| Cooks | $40,480 | $62,350 | $113,300 | $168,400 | $224,800 |
| Eaton Rapids | $142,600 | $142,600 | $142,600 | $142,600 | $142,600 |
| Escanaba | $219,400 | $219,400 | $219,400 | $219,400 | $219,400 |
| Garden | $40,160 | $41,300 | $43,200 | $45,100 | $46,240 |
| Germfask | $17,620 | $39,250 | $72,900 | $112,050 | $163,720 |
| Gulliver | $31,560 | $54,700 | $95,200 | $167,600 | $271,560 |
| Hiawatha | $83,000 | $83,000 | $83,000 | $83,000 | $83,000 |
| Lake | $172,240 | $208,600 | $239,600 | $308,800 | $359,320 |
| Lisle | $171,600 | $171,600 | $171,600 | $171,600 | $171,600 |
| Louisville | $135,800 | $135,800 | $135,800 | $135,800 | $135,800 |
| Manistique | $29,800 | $51,400 | $89,200 | $161,200 | $238,200 |
| Naperville | $204,400 | $204,400 | $204,400 | $204,400 | $204,400 |
| N County | $32,400 | $32,400 | $32,400 | $32,400 | $32,400 |
| Ross | $120,600 | $127,800 | $154,800 | $154,800 | $274,800 |
| Seney | N/A | N/A | N/A | N/A | N/A |
| Shingleton | $89,700 | $93,350 | $104,400 | $166,150 | $212,100 |
| Smith | $41,000 | $41,000 | $41,000 | $41,000 | $41,000 |
| South | $81,800 | $81,800 | $81,800 | $81,800 | $81,800 |
| Street | $119,400 | $137,100 | $166,600 | $196,100 | $213,800 |
| Sunrise | $143,200 | $143,200 | $143,200 | $143,200 | $143,200 |
| Toledo | $38,140 | $43,750 | $53,100 | $62,450 | $68,060 |
| Twin Lake | $293,400 | $293,400 | $293,400 | $293,400 | $293,400 |
| Vicksburg | $87,000 | $87,000 | $87,000 | $87,000 | $87,000 |
| Wayne | $54,140 | $56,750 | $61,100 | $65,450 | $68,060 |
| Wayne Ct | $384,000 | $384,000 | $384,000 | $384,000 | $384,000 |
| Wetmore | $72,320 | $102,600 | $163,200 | $259,800 | $352,440 |
Source: Ownwell
Property Tax Bills Across Schoolcraft County, Michigan
In Schoolcraft County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is typically a percentage of the home's market value. Homeowners in Schoolcraft County can expect their property tax rate to be compared against the national median property tax rate of 0.99%. Several factors influence the final tax bill, including property location, market conditions, and any applicable exemptions. For instance, the median home price in Schoolcraft County is $86,700, and the tax bill can vary significantly within the county. At the 25th percentile, homeowners might pay around $263, while those at the 75th percentile could see bills closer to $808. In some cases, tax bills can reach up to $1,180 at the 90th percentile. These property taxes fund essential local services such as schools, public safety, and infrastructure, making them a crucial aspect of homeownership in Schoolcraft County. Homeowners should be aware of these factors to better manage their financial planning and obligations.
Average Schoolcraft County Tax Bill
$504
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Schoolcraft County, Michigan
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alpena | $311 | $316 | $325 | $334 | $339 |
| Alva | $211 | $211 | $211 | $211 | $211 |
| Blue | $145 | $145 | $145 | $145 | $145 |
| Brooklyn | $180 | $180 | $180 | $180 | $180 |
| Carpenter | $705 | $772 | $883 | $994 | $1,061 |
| Cooks | $136 | $218 | $436 | $663 | $889 |
| Eaton Rapids | $459 | $459 | $459 | $459 | $459 |
| Escanaba | $3,683 | $3,683 | $3,683 | $3,683 | $3,683 |
| Garden | $134 | $142 | $157 | $171 | $180 |
| Germfask | $97 | $177 | $302 | $447 | $726 |
| Gulliver | $96 | $184 | $339 | $616 | $984 |
| Hiawatha | $191 | $191 | $191 | $191 | $191 |
| Lake | $319 | $563 | $921 | $1,056 | $1,284 |
| Lisle | $832 | $832 | $832 | $832 | $832 |
| Louisville | $516 | $516 | $516 | $516 | $516 |
| Manistique | $153 | $300 | $566 | $855 | $1,220 |
| Naperville | $823 | $823 | $823 | $823 | $823 |
| N County | $155 | $155 | $155 | $155 | $155 |
| Ross | $349 | $434 | $570 | $695 | $1,044 |
| Seney | N/A | N/A | N/A | N/A | N/A |
| Shingleton | $471 | $519 | $521 | $630 | $879 |
| Smith | $181 | $181 | $181 | $181 | $181 |
| South | $215 | $215 | $215 | $215 | $215 |
| Street | $565 | $622 | $715 | $809 | $865 |
| Sunrise | $774 | $774 | $774 | $774 | $774 |
| Toledo | $108 | $138 | $190 | $241 | $271 |
| Twin Lake | $1,226 | $1,226 | $1,226 | $1,226 | $1,226 |
| Vicksburg | $306 | $306 | $306 | $306 | $306 |
| Wayne | $780 | $828 | $908 | $988 | $1,036 |
| Wayne Ct | $1,611 | $1,611 | $1,611 | $1,611 | $1,611 |
| Wetmore | $282 | $404 | $730 | $1,104 | $1,619 |
Source: Ownwell