Deford, Michigan Property Taxes
The median property tax rate in Deford, MI is 0.36%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Deford at $108,200, the typical annual property tax bill is $379, which is well below the national median of $2,690. Property taxes in Deford are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Deford'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 Deford or another part of Tuscola County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Deford, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.36%
Estimate Property Tax Bill
$390
Ownwell’s DEFORD Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in DEFORD with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DEFORD 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 Deford, Michigan
Property taxes in Deford, Michigan, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Deford is 0.36%, which is lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Deford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Deford 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. Understanding how Deford's effective property tax rate compares to other areas in Tuscola County and the national median provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Deford Tax Rate
0.36%
Average Tuscola County Tax Rate
0.36%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Deford, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48729 | 0.22% | 0.29% | 0.36% | 0.42% | 0.46% |
Source: Ownwell
Property Tax Assessment Values Across Deford, Michigan
In Deford, 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 Tuscola 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 Deford, 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 Deford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Deford is $108,200, with tax bills ranging from $241 at the 25th percentile to $831 at the 90th percentile. Notably, the zip code 48729 has the highest and lowest median tax bill of $379.
Average Deford Assessed Value
$108,200
Average Tuscola County Assessed Value
$128,800
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Deford, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48729 | $47,280 | $71,800 | $108,200 | $169,600 | $250,520 |
Source: Ownwell
Property Tax Bills Across Deford, Michigan
Property tax bills in Deford, located in Tuscola County, MI, are calculated based on the assessed value of a property, which is typically a percentage of the market value. Homeowners in Deford can expect a median home price of $108,200. The tax rate for the area is applied to this assessed value to determine the annual property tax bill. For example, the 25th percentile of tax bills in Deford is $241, while the 75th percentile reaches $585, and the 90th percentile can go up to $831. These figures indicate a range of tax burdens depending on the specific assessed value and applicable exemptions. Compared to the national median property tax rate of 0.99%, Deford's property tax rates can be considered relatively moderate. This system ensures that property taxes are proportionate to the value of the property, impacting homeowners by requiring them to budget for these annual expenses as part of their overall homeownership costs.
Average Deford Tax Bill
$379
Average Tuscola County Tax Bill
$531
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Deford, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48729 | $152 | $241 | $379 | $585 | $831 |
Source: Ownwell