Au Train, Michigan Property Taxes
The median property tax rate in Au Train, MI is 0.57%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $118,200 in Au Train, the typical annual property tax bill is approximately $656, well below the national median of $2,690. Property taxes in Au Train are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Au Train's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Au Train 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
Au Train, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$674
Ownwell’s Au Train Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Au Train with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Au Train 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 Au Train, Michigan
Property taxes in Au Train, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Au Train is 0.57%, which is significantly lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Au Train set these rates annually, and they can vary across different neighborhoods. Each year, Au Train 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 Au Train's effective property tax rate to other areas in Michigan and the national median. For comparison, the zip code 49806 has both the highest and lowest median property tax rate of 0.57%, highlighting a uniform tax rate within Au Train. Understanding how these figures compare with Au Train provides valuable insights into the varying tax landscape across Alger County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Au Train Tax Rate
0.57%
Average Alger County Tax Rate
0.75%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Au Train, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49806 | 0.35% | 0.46% | 0.57% | 0.70% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Au Train, Michigan
In Au Train, 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 Alger 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 Au Train, 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 Au Train helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $656.00, found in zip code 49806.
Average Au Train Assessed Value
$118,200
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 Au Train, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49806 | $13,000 | $46,650 | $118,200 | $189,150 | $303,560 |
Source: Ownwell
Property Tax Bills Across Au Train, Michigan
Property tax bills in Au Train, located in Alger County, MI, are calculated based on the assessed value of a property, which is determined by the local assessor. This assessed value is a percentage of the property's market value. The median home price in Au Train is $118,200, and property tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions. In Au Train, the 25th percentile tax bill is $242, while the 75th percentile reaches $1,142, and the 90th percentile is $1,813. These figures illustrate the range of tax burdens homeowners might face. Compared to the national median property tax rate of 0.99%, Au Train's property taxes can significantly impact homeowners, especially those with higher-valued properties. Understanding these factors can help homeowners anticipate their annual tax obligations and plan accordingly.
Average Au Train Tax Bill
$656
Average Alger County Tax Bill
$783
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Au Train, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49806 | $66 | $242 | $656 | $1,142 | $1,813 |
Source: Ownwell