Wexford County Property Taxes
The median property tax rate in Wexford County is 1.72%, which is significantly higher than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Wexford County, the typical annual property tax bill reaches $1,919, which is below the national median of $2,690. Property taxes in Wexford 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 Wexford 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 Cadillac or another part of Wexford County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wexford 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 Wexford County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Wexford County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Wexford County 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 Wexford County, Michigan
Property taxes in Wexford County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Wexford County is 1.72%, which is higher than both the Michigan state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Wexford County set these rates annually, and they can vary significantly between different areas within the county. Each year, Wexford County 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 Wexford County's effective property tax rate with other counties in Michigan and the national median. For comparison, the city of Cadillac has one of the higher property tax rates in Michigan at 1.89%, while the city of Fife Lake boasts one of the lowest at 0.88%. Analyzing how Wexford County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Wexford County Tax Rate
1.72%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wexford County, Michigan
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Boon | N/A | N/A | N/A | N/A | N/A |
| Buckley | 0.71% | 0.86% | 1.16% | 1.48% | 1.99% |
| Cadillac | 1.23% | 1.56% | 1.89% | 2.23% | 2.69% |
| Copemish | 1.79% | 1.79% | 1.79% | 1.79% | 1.79% |
| Fife Lake | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% |
| Harrietta | 0.75% | 1.04% | 1.26% | 1.83% | 2.07% |
| Manton | 0.78% | 0.93% | 1.53% | 1.88% | 2.56% |
| Mesick | 0.80% | 0.95% | 1.25% | 1.73% | 2.13% |
| Tustin | 1.35% | 1.35% | 1.35% | 1.35% | 1.35% |
| Wellston | 1.22% | 1.59% | 1.69% | 2.13% | 2.36% |
Source: Ownwell
Property Tax Assessment Values Across Wexford County, Michigan
In Wexford 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 Wexford 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 Wexford 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. Being aware of these valuation processes in Wexford County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Notably, Copemish has the highest median tax bill at $10,747, while Mesick has the lowest at $1,248.
Property Tax Assessment Values Across Wexford County, Michigan
Source: Ownwell
$81,000
$190,650
$300,300
Average Wexford County Assessed Value
$108,400
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wexford County, Michigan
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Boon | N/A | N/A | N/A | N/A | N/A |
| Buckley | $39,400 | $108,550 | $199,300 | $236,200 | $306,300 |
| Cadillac | $8,640 | $35,000 | $100,600 | $187,800 | $268,440 |
| Copemish | $60,060 | $150,150 | $300,300 | $450,450 | $540,540 |
| Fife Lake | $159,400 | $159,400 | $159,400 | $159,400 | $159,400 |
| Harrietta | $24,160 | $69,500 | $108,600 | $194,400 | $261,400 |
| Manton | $27,600 | $62,600 | $97,100 | $231,550 | $315,500 |
| Mesick | $2,880 | $45,300 | $81,000 | $135,400 | $306,080 |
| Tustin | $96,600 | $96,600 | $96,600 | $96,600 | $96,600 |
| Wellston | $27,600 | $65,550 | $163,700 | $204,400 | $217,900 |
Source: Ownwell
Property Tax Bills Across Wexford County, Michigan
Property tax bills in Wexford County, Michigan, are calculated based on the assessed value of a property, which is typically about 50% of its market value. The median home price in the county is $108,400, and the tax rate is applied to this assessed value to determine the tax bill. Homeowners in Wexford County can expect a wide range of tax bills, with the 25th percentile at $952 and the 75th percentile reaching $3,289. At the 90th percentile, tax bills can soar to $4,723. Several factors influence these tax bills, including property location, improvements made to the property, and local government budget needs. For instance, Copemish has the highest median tax bill at $10,747, while Mesick has the lowest at $1,248. These variations can significantly impact homeowners, affecting their financial planning and the overall affordability of owning a home in different parts of the county. Compared to the national median property tax rate of 0.99%, Wexford County's rates can vary, reflecting local economic conditions and funding requirements.
Average Wexford County Tax Bill
$1,919
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Wexford County, Michigan
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Boon | N/A | N/A | N/A | N/A | N/A |
| Buckley | $729 | $1,429 | $1,985 | $2,606 | $3,292 |
| Cadillac | $532 | $929 | $2,018 | $3,601 | $5,108 |
| Copemish | $10,747 | $10,747 | $10,747 | $10,747 | $10,747 |
| Fife Lake | $1,405 | $1,405 | $1,405 | $1,405 | $1,405 |
| Harrietta | $586 | $857 | $1,815 | $2,625 | $3,060 |
| Manton | $694 | $1,022 | $1,792 | $2,697 | $3,450 |
| Mesick | $448 | $706 | $1,248 | $2,032 | $3,455 |
| Tustin | $1,302 | $1,302 | $1,302 | $1,302 | $1,302 |
| Wellston | $492 | $997 | $1,893 | $3,116 | $4,344 |
Source: Ownwell