Alcona County, Michigan Property Taxes
The median property tax rate in Alcona County is 0.72%, which is notably lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $114,600 in Alcona County, the typical annual property tax bill amounts to $819, significantly under the national median of $2,690. Property taxes in Alcona County are calculated based on the tax assessed value, which is often lower than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Alcona County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can offer substantial annual savings. Whether you reside in a city within Alcona County or another area of the county, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alcona County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$825
$766
Ownwell’s Alcona Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Alcona with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Alcona 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 Alcona County, Michigan
Property taxes in Alcona County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Alcona County is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Alcona County set these rates annually, and they can vary significantly between different areas within the county. Each year, Alcona 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 Alcona County's effective property tax rate with other locations in Michigan and the national median. For comparison, the city of Greenbush has one of the higher property tax rates in Michigan at 1.04%, while the city of Oscoda boasts one of the lowest at 0.44%. Analyzing how Alcona County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Alcona County Tax Rate
0.72%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alcona County, Michigan
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barton City | 0.42% | 0.48% | 0.60% | 1.24% | 1.39% |
| Black River | 0.43% | 0.49% | 0.92% | 1.17% | 1.32% |
| Curran | 0.38% | 0.45% | 0.50% | 0.53% | 1.22% |
| Glennie | 0.43% | 0.48% | 0.99% | 1.16% | 1.27% |
| Greenbush | 0.43% | 0.48% | 1.04% | 1.17% | 1.27% |
| Harrisville | 0.44% | 0.51% | 0.56% | 1.12% | 1.28% |
| Hubbard Lake | 0.43% | 0.54% | 0.95% | 1.18% | 1.33% |
| Lincoln | 0.46% | 0.54% | 0.66% | 1.27% | 1.34% |
| Mikado | 0.40% | 0.43% | 0.52% | 1.08% | 1.27% |
| Mio | N/A | N/A | N/A | N/A | N/A |
| Oscoda | 0.39% | 0.42% | 0.44% | 0.96% | 1.17% |
| South Branch | 0.43% | 0.49% | 0.99% | 1.10% | 1.18% |
| Spruce | 0.46% | 0.54% | 0.93% | 1.24% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Alcona County, Michigan
In Alcona 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 Alcona 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 Alcona 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. For example, the highest median tax bill in the county is in Hubbard Lake at $1,748, while South Branch has the lowest at $373. Being aware of these valuation processes in Alcona County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Alcona County Assessed Value
$114,600
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alcona County, Michigan
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barton City | $36,000 | $52,600 | $86,000 | $134,200 | $203,440 |
| Black River | $32,740 | $63,200 | $118,200 | $212,950 | $354,720 |
| Curran | $27,880 | $51,050 | $99,800 | $168,550 | $263,660 |
| Glennie | $25,000 | $43,800 | $74,200 | $121,400 | $179,400 |
| Greenbush | $56,820 | $98,400 | $163,500 | $261,150 | $369,780 |
| Harrisville | $53,240 | $84,200 | $134,600 | $222,800 | $367,880 |
| Hubbard Lake | $51,900 | $104,650 | $221,500 | $397,850 | $542,620 |
| Lincoln | $51,060 | $79,250 | $114,700 | $158,550 | $211,340 |
| Mikado | $32,400 | $60,100 | $99,800 | $154,550 | $210,840 |
| Mio | N/A | N/A | N/A | N/A | N/A |
| Oscoda | $42,920 | $68,050 | $101,900 | $144,950 | $220,860 |
| South Branch | $19,280 | $28,800 | $47,800 | $73,800 | $122,240 |
| Spruce | $43,340 | $78,250 | $132,800 | $222,400 | $325,920 |
Source: Ownwell
Property Tax Bills Across Alcona County, Michigan
In Alcona County, MI, property tax bills are calculated based on the assessed value of a home, which is typically 50% of its market value. For example, with a median home price of $114,600, the assessed value would be approximately $57,300. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property location, school district, and any applicable exemptions also play a role in the final amount. Homeowners in Alcona County experience a range of property tax bills. At the 25th percentile, the tax bill is $464, while at the 75th percentile, it rises to $1528. The 90th percentile sees bills as high as $2664. Comparatively, the national median property tax rate is 0.99%, making Alcona County's rates relatively moderate. In cities within the county, such as Hubbard Lake, the highest median tax bill is $1748, whereas South Branch has the lowest at $373. These variations significantly impact homeowners' financial planning and budgeting.
Average Alcona County Tax Bill
$819
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Alcona County, Michigan
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barton City | $209 | $347 | $639 | $1,141 | $1,665 |
| Black River | $262 | $500 | $878 | $1,692 | $2,934 |
| Curran | $156 | $250 | $498 | $988 | $1,691 |
| Glennie | $206 | $336 | $571 | $948 | $1,483 |
| Greenbush | $370 | $643 | $1,381 | $2,386 | $3,499 |
| Harrisville | $357 | $563 | $918 | $1,632 | $3,090 |
| Hubbard Lake | $448 | $865 | $1,748 | $3,112 | $4,758 |
| Lincoln | $383 | $599 | $882 | $1,303 | $1,857 |
| Mikado | $249 | $377 | $593 | $977 | $1,498 |
| Mio | N/A | N/A | N/A | N/A | N/A |
| Oscoda | $264 | $402 | $527 | $812 | $1,356 |
| South Branch | $162 | $249 | $373 | $601 | $929 |
| Spruce | $357 | $595 | $995 | $1,829 | $3,037 |
Source: Ownwell