Hiawatha, Michigan Property Taxes
The median property tax rate in Hiawatha, MI is 0.23%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Hiawatha at $83,000, the typical annual property tax bill is $191, well below the national median of $2,690. Property taxes in Hiawatha are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hiawatha's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Hiawatha 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
Hiawatha, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.23%
Estimate Property Tax Bill
$191
Ownwell’s Hiawatha Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hiawatha with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hiawatha 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 Hiawatha, Michigan
Property taxes in Hiawatha, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hiawatha is 0.23%, significantly lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Hiawatha set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hiawatha 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 Hiawatha's effective property tax rate to other counties in Michigan and the national median. For comparison, the highest median property tax rate in Schoolcraft County is significantly higher than Hiawatha's, while the lowest median tax rate is also above Hiawatha's rate. Understanding how these cities compare with Hiawatha provides valuable insights into the varying tax landscape across Schoolcraft County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hiawatha Tax Rate
0.23%
Average Schoolcraft County Tax Rate
0.45%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hiawatha, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Hiawatha, Michigan
In Hiawatha, 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 Schoolcraft 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 Hiawatha, 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 Hiawatha helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $83,000, with tax bills ranging from $191 at the 25th percentile to $191 at the 90th percentile.
Average Hiawatha Assessed Value
$83,000
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 Hiawatha, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Hiawatha, Michigan
In Hiawatha, located in Schoolcraft County, MI, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the local tax assessor and typically represents 50% of the property's market value. For instance, with a median home price of $83,000, the assessed value would be approximately $41,500. The property tax rate in Hiawatha is applied to this assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including local tax rates, property exemptions, and any applicable deductions. In Hiawatha, the tax bills range from the 25th percentile at $191 to the 90th percentile also at $191, indicating a consistent tax rate across different property values. Compared to the national median property tax rate of 0.99%, Hiawatha's rate is relatively low, which can be beneficial for homeowners. Lower property taxes can make homeownership more affordable and may positively impact the local real estate market by attracting buyers looking for lower ongoing costs.
Average Hiawatha Tax Bill
$191
Average Schoolcraft County Tax Bill
$504
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Hiawatha, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell