Alpena, Alpena County, Michigan Property Taxes
The median property tax rate in Alpena, MI is 0.51%, significantly lower than both the national median of 0.99% and Michigan's state median of 1.07%. With the median home value in Alpena at $104,600, the typical annual property tax bill amounts to $778, well below the national median of $2,690. Property taxes in Alpena are determined based on the assessed value, which is often lower than the market value due to various exemptions such as the primary residence and agricultural exemptions. By understanding Alpena's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve substantial annual savings. Grasping the intricacies of the local property tax system is beneficial for both homeowners and real estate investors in Alpena, helping them to make informed financial decisions.
Last Updated June 14, 2024
Alpena, Alpena County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$533
$495
Ownwell’s Alpena Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Alpena with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alpena 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 Alpena, Alpena County, Michigan
Property taxes in Alpena, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alpena is 0.51%, lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Alpena set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alpena estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all assessed 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 Alpena's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49707 zip code has the highest median property tax rate of 0.51%, while the 49707 zip code also has the lowest median tax rate of 0.51%. Understanding how these cities compare with Alpena provides valuable insights into the varying tax landscape across Alpena County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alpena Tax Rate
0.51%
Average Alpena County Tax Rate
0.46%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alpena, Alpena County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49707 | 0.36% | 0.42% | 0.51% | 1.28% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Alpena, Alpena County, Michigan
In Alpena, 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 Alpena 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. 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 Alpena helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Alpena, the median home price is $104,600, with the highest and lowest median tax bills both recorded at $778 in the 49707 zip code.
Property Tax Assessment Values Across Alpena, Alpena County, Michigan
Source: Ownwell
$91,800
$107,600
$123,400
Average Alpena Assessed Value
$104,600
Average Alpena County Assessed Value
$107,600
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alpena, Alpena County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49707 | $40,800 | $72,200 | $104,600 | $156,800 | $237,800 |
Source: Ownwell
Property Tax Bills Across Alpena, Alpena County, Michigan
In Alpena, MI, property tax bills are calculated based on the assessed value of a home, which is typically 50% of its market value. For instance, with a median home price of $104,600, the assessed value would be approximately $52,300. The property tax rate in Alpena County is then applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the property's location, improvements made, and any applicable exemptions. Homeowners in Alpena can expect their tax bills to vary significantly, with the 25th percentile paying around $418, the 75th percentile about $1,304, and the 90th percentile up to $1,938. The median tax bill in Alpena stands at $778, which is below the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting the quality of life and community resources available to residents.
Average Alpena Tax Bill
$778
Average Alpena County Tax Bill
$661
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Alpena, Alpena County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49707 | $181 | $418 | $778 | $1,304 | $1,938 |
Source: Ownwell