Alger County, Michigan Property Taxes
The median property tax rate in Alger County is 0.75%, 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 $94,600, the typical annual property tax bill in Alger County amounts to $783, significantly below the national median of $2,690. Property taxes in Alger County are calculated based on the tax assessed value, which is often less than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding the specific property tax system in Alger County, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in Munising or another part of Alger County, gaining a thorough understanding of local property taxes is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Alger County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$710
$658
Ownwell’s Alger Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Alger with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Alger 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's 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 Alger County, Michigan
Property taxes in Alger County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Alger County is 0.75%, which is lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Alger County set these rates annually, and they can vary significantly between different areas within the county. Each year, Alger 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. For comparison, the city of Grand Marais has one of the higher property tax rates in Michigan at 1.23%, while the city of Au Train boasts one of the lowest at 0.57%. Analyzing how Alger County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Alger County Tax Rate
0.75%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alger County, Michigan
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Au Train | 0.35% | 0.46% | 0.57% | 0.70% | 0.78% |
| Chatham | 0.47% | 0.60% | 0.72% | 0.78% | 0.94% |
| Christmas | 0.40% | 0.56% | 0.71% | 0.83% | 1.05% |
| Deerton | 0.32% | 0.50% | 0.74% | 0.78% | 0.78% |
| Eben Junction | 0.51% | 0.58% | 0.70% | 0.76% | 0.78% |
| Grand Marais | 0.60% | 0.77% | 1.23% | 1.62% | 1.72% |
| Limestone | 0.47% | 0.57% | 0.70% | 0.77% | 0.82% |
| Marquette | N/A | N/A | N/A | N/A | N/A |
| Munising | 0.42% | 0.59% | 0.82% | 1.53% | 1.88% |
| Rapid River | 0.52% | 0.63% | 0.72% | 0.75% | 0.78% |
| Seney | 0.64% | 0.67% | 1.19% | 1.65% | 1.70% |
| Shingleton | 0.45% | 0.59% | 0.75% | 1.08% | 1.30% |
| Skandia | 0.47% | 0.58% | 0.69% | 0.75% | 0.78% |
| Traunik | 0.44% | 0.55% | 0.75% | 0.77% | 0.78% |
| Trenary | 0.39% | 0.52% | 0.72% | 0.77% | 0.78% |
| Wetmore | 0.39% | 0.56% | 0.75% | 0.99% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Alger County, Michigan
In Alger 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 Alger 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 Alger 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 instance, Seney has the highest median tax bill at $1,564, while Deerton has the lowest at $356. Being aware of these valuation processes in Alger County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Alger County Assessed Value
$94,600
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alger County, Michigan
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Au Train | $13,000 | $46,650 | $118,200 | $189,150 | $303,560 |
| Chatham | $29,360 | $50,300 | $84,400 | $129,600 | $188,440 |
| Christmas | $30,000 | $72,200 | $136,600 | $216,100 | $350,200 |
| Deerton | $17,480 | $34,400 | $58,400 | $117,200 | $196,000 |
| Eben Junction | $34,840 | $52,400 | $87,600 | $141,200 | $194,480 |
| Grand Marais | $48,480 | $78,700 | $120,800 | $176,600 | $243,240 |
| Limestone | $28,400 | $31,450 | $95,900 | $149,250 | $179,780 |
| Marquette | N/A | N/A | N/A | N/A | N/A |
| Munising | $32,400 | $58,600 | $97,300 | $148,850 | $216,260 |
| Rapid River | $15,760 | $37,600 | $66,200 | $95,600 | $126,520 |
| Seney | $68,000 | $109,550 | $144,700 | $185,250 | $249,820 |
| Shingleton | $25,000 | $43,100 | $78,200 | $126,400 | $178,400 |
| Skandia | $42,160 | $67,250 | $123,800 | $173,300 | $222,820 |
| Traunik | $96,380 | $114,400 | $134,200 | $176,700 | $215,700 |
| Trenary | $27,180 | $46,550 | $72,900 | $120,950 | $167,440 |
| Wetmore | $36,160 | $60,000 | $103,200 | $154,600 | $220,280 |
Source: Ownwell
Property Tax Bills Across Alger County, Michigan
In Alger County, MI, property tax bills are calculated based on the assessed value of the home, which is typically a percentage of the market value. The tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as local government budgets, school funding, and public services influence the tax rate. For homeowners in Alger County, this means that the median home price of $94,600 can result in varying tax bills depending on the specific assessment and local tax rate. The tax bill in Alger County can range significantly; for instance, the 25th percentile tax bill is $361, while the 75th percentile is $1,354, and the 90th percentile reaches up to $2,063. The highest median tax bill in the county is found in Seney at $1,564, while Deerton has the lowest at $356. Compared to the national median property tax rate of 0.99%, Alger County's tax bills show considerable variability, impacting homeowners differently based on their property's assessed value and location within the county.
Average Alger County Tax Bill
$783
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Alger County, Michigan
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Au Train | $66 | $242 | $656 | $1,142 | $1,813 |
| Chatham | $215 | $341 | $605 | $960 | $1,287 |
| Christmas | $200 | $499 | $858 | $1,584 | $2,460 |
| Deerton | $84 | $169 | $356 | $774 | $1,399 |
| Eben Junction | $205 | $345 | $614 | $937 | $1,363 |
| Grand Marais | $501 | $807 | $1,343 | $1,976 | $2,967 |
| Limestone | $208 | $230 | $688 | $804 | $1,462 |
| Marquette | N/A | N/A | N/A | N/A | N/A |
| Munising | $184 | $493 | $1,021 | $1,575 | $2,340 |
| Rapid River | $103 | $253 | $428 | $675 | $868 |
| Seney | $795 | $1,078 | $1,564 | $2,033 | $2,629 |
| Shingleton | $174 | $338 | $586 | $1,052 | $1,652 |
| Skandia | $261 | $451 | $797 | $1,235 | $1,560 |
| Traunik | $475 | $686 | $931 | $1,350 | $1,458 |
| Trenary | $160 | $284 | $457 | $730 | $1,137 |
| Wetmore | $216 | $416 | $771 | $1,307 | $1,853 |
Source: Ownwell