Greenbush, Alcona County, Michigan Property Taxes
The median property tax rate in Greenbush, MI is 1.04%, slightly higher than the national median of 0.99% but lower than the Michigan state median of 1.07%. With a median home value of $163,500 in Greenbush, the typical annual property tax bill reaches $1,381, which is below the national median of $2,690. Property taxes in Greenbush are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Greenbush'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 Greenbush 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
Greenbush, Alcona County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$1,700
$1,578
Ownwell’s Greenbush Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greenbush with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greenbush 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 Greenbush, Alcona County, Michigan
Property taxes in Greenbush, Michigan, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Greenbush is 1.04%, which is higher than the U.S. national median of 0.99%. Local government entities within Greenbush set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greenbush 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 Greenbush's effective property tax rate to other areas in Alcona County and the national median. For comparison, the zip code 48738 has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these areas compare with Greenbush provides valuable insights into the varying tax landscape across Alcona County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Greenbush Tax Rate
1.04%
Average Alcona County Tax Rate
0.72%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greenbush, Alcona County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48738 | 0.43% | 0.48% | 1.04% | 1.17% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Greenbush, Alcona County, Michigan
In Greenbush, 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 Alcona 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 Greenbush, 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 Greenbush helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 48738 has the highest median tax bill at $1,381, which is also the lowest in the area, highlighting the uniformity in tax burdens across this region.
Property Tax Assessment Values Across Greenbush, Alcona County, Michigan
Source: Ownwell
$47,800
$134,650
$221,500
Average Greenbush Assessed Value
$163,500
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 Greenbush, Alcona County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48738 | $56,820 | $98,400 | $163,500 | $261,150 | $369,780 |
Source: Ownwell
Property Tax Bills Across Greenbush, Alcona County, Michigan
In Greenbush, located in Alcona County, MI, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value typically reflects a percentage of the market value, and this figure is then multiplied by the tax rate to determine the annual property tax bill. For homeowners in Greenbush, the median home price is $163,500. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For instance, tax bills in Greenbush can vary significantly, with the 25th percentile at $643 and the 75th percentile reaching $2,386. At the higher end, the 90th percentile sees tax bills around $3,499. The highest and lowest median tax bills in the area are both $1,381, indicating some level of uniformity in tax assessments within certain zip codes. Understanding these variables is crucial for homeowners, as property taxes can significantly impact annual expenses. Compared to the national median property tax rate of 0.99%, Greenbush homeowners need to be aware of how local rates and assessed values can affect their financial planning.
Average Greenbush Tax Bill
$1,381
Average Alcona County Tax Bill
$819
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Greenbush, Alcona County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48738 | $370 | $643 | $1,381 | $2,386 | $3,499 |
Source: Ownwell