Harrietta, Michigan Property Taxes
The median property tax rate in Harrietta, MI is 1.26%, considerably higher than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Harrietta at $108,600, the typical annual property tax bill reaches $1,815, still below the national median of $2,690. Property taxes in Harrietta 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 Harrietta'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 Harrietta or another part of Wexford County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Harrietta, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$1,368
Ownwell’s Harrietta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harrietta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harrietta 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 Harrietta, Michigan
Property taxes in Harrietta, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harrietta is 1.26%, higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Harrietta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harrietta 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 Harrietta's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49638 zip code has the highest median property tax rate of 1.26%, while the 49638 zip code also has the lowest median tax rate of 1.26%. Understanding how these cities compare with Harrietta provides valuable insights into the varying tax landscape across Wexford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harrietta Tax Rate
1.26%
Average Wexford County Tax Rate
1.72%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harrietta, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49638 | 0.75% | 1.04% | 1.26% | 1.83% | 2.07% |
Source: Ownwell
Property Tax Assessment Values Across Harrietta, Michigan
In Harrietta, 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 Wexford 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 Harrietta, 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 Harrietta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code 49638 has the highest median tax bill at $1,815, which is above the national median property tax rate of 0.99%. Understanding these details can significantly aid homeowners in managing their property tax obligations effectively.
Average Harrietta Assessed Value
$108,600
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 Harrietta, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49638 | $24,160 | $69,500 | $108,600 | $194,400 | $261,400 |
Source: Ownwell
Property Tax Bills Across Harrietta, Michigan
Property tax bills in Harrietta, located in Wexford County, MI, are calculated based on the assessed value of a property. The assessed value is determined by the local tax assessor and is typically a percentage of the market value of the home. For instance, with a median home price of $108,600, the tax bill can vary significantly. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions or deductions. In Harrietta, the property tax bill at the 25th percentile is $857, while at the 75th percentile, it rises to $2,625, and at the 90th percentile, it reaches $3,060. These figures highlight the range of property tax obligations homeowners might face. Compared to the national median property tax rate of 0.99%, Harrietta's property tax rates can be seen as relatively moderate. Homeowners need to be aware of these calculations as they directly affect their annual financial planning and overall cost of homeownership.
Average Harrietta Tax Bill
$1,815
Average Wexford County Tax Bill
$1,919
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Harrietta, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49638 | $586 | $857 | $1,815 | $2,625 | $3,060 |
Source: Ownwell