Deerton, Alger County, Michigan Property Taxes
The median property tax rate in Deerton, MI is 0.74%, 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 $58,400 in Deerton, the typical annual property tax bill amounts to $356, significantly below the national median of $2,690. Property taxes in Deerton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Deerton'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 Deerton 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
Deerton, Alger County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$432
$401
Ownwell’s Deerton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Deerton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Deerton 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 Deerton, Alger County, Michigan
Property taxes in Deerton, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Deerton is 0.74%, which is lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Deerton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Deerton 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 Deerton's effective property tax rate to other areas in Michigan and the national median. For comparison, the zip code 49822 has the same median property tax rate of 0.74%, illustrating a uniform tax landscape within the region. Understanding how these areas compare with Deerton 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 Deerton Tax Rate
0.74%
Average Alger County Tax Rate
0.75%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Deerton, Alger County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49822 | 0.32% | 0.50% | 0.74% | 0.78% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Deerton, Alger County, Michigan
In Deerton, 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 Deerton, 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 Deerton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 49822, with a value of $356.00, while the zip code with the lowest median tax bill is also 49822, with the same value.
Property Tax Assessment Values Across Deerton, Alger County, Michigan
Source: Ownwell
$58,400
$101,550
$144,700
Average Deerton Assessed Value
$58,400
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 Deerton, Alger County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49822 | $17,480 | $34,400 | $58,400 | $117,200 | $196,000 |
Source: Ownwell
Property Tax Bills Across Deerton, Alger County, Michigan
In Deerton, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in the area is $58,400. Property taxes in Deerton are influenced by various factors including the property's location, size, and any applicable exemptions. The tax rate in Deerton falls within the national median property tax rate of 0.99%, leading to a range of tax bills. For instance, homeowners in the 25th percentile pay around $169 annually, while those in the 75th percentile see bills closer to $774. At the 90th percentile, tax bills can reach up to $1399. The highest and lowest median tax bills in Deerton are both recorded at $356 in the zip code 49822. These property taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Understanding how these taxes are calculated can help homeowners better manage their finances and plan for future expenses.
Average Deerton Tax Bill
$356
Average Alger County Tax Bill
$783
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Deerton, Alger County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49822 | $84 | $169 | $356 | $774 | $1,399 |
Source: Ownwell