Ellsworth, Antrim County, Michigan Property Taxes
The median property tax rate in Ellsworth, MI is 0.73%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Ellsworth at $183,600, the typical annual property tax bill amounts to $1,318, which is below the national median of $2,690. Property taxes in Ellsworth are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ellsworth'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 Ellsworth 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
Ellsworth, Antrim County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$1,340
$1,244
Ownwell’s Ellsworth Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ellsworth with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ellsworth 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 Ellsworth, Antrim County, Michigan
Property taxes in Ellsworth, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ellsworth is 0.73%, significantly lower than the U.S. national median of 0.99%. Local government entities within Ellsworth set these rates annually, and they can vary across different neighborhoods. Each year, Ellsworth 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 Ellsworth's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49729 zip code has both the highest and lowest median property tax rate of 0.73%. Understanding how these areas compare with Ellsworth provides valuable insights into the varying tax landscape across Antrim County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ellsworth Tax Rate
0.73%
Average Antrim County Tax Rate
0.72%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ellsworth, Antrim County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49729 | 0.43% | 0.50% | 0.73% | 1.18% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Ellsworth, Antrim County, Michigan
In Ellsworth, 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 Antrim 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 Ellsworth, 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. The zip code 49729 in Ellsworth has both the highest and lowest median tax bill, valued at $1,318. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Ellsworth, Antrim County, Michigan
Source: Ownwell
$77,400
$373,100
$668,800
Average Ellsworth Assessed Value
$183,600
Average Antrim County Assessed Value
$211,000
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ellsworth, Antrim County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49729 | $60,280 | $120,000 | $183,600 | $332,400 | $586,880 |
Source: Ownwell
Property Tax Bills Across Ellsworth, Antrim County, Michigan
In Ellsworth, property tax bills are calculated based on the assessed value of the property, which is determined by the local assessor's office. The assessed value is typically a percentage of the property's market value. For example, if the median home price in Ellsworth is $183,600, the assessed value would be a fraction of this amount. The tax rate, applied to the assessed value, plays a crucial role in determining the final tax bill. In Ellsworth, located in Antrim County, the property tax rates can vary, leading to different tax bills. The 25th percentile tax bill is around $830, while the 75th percentile tax bill can reach up to $2,557. For higher-valued properties, the tax bill can go up to $5,123 at the 90th percentile. These taxes significantly impact homeowners, influencing their annual housing costs. Compared to the national median property tax rate of 0.99%, Ellsworth's tax rates reflect the local government's funding needs for public services, schools, and infrastructure. Understanding these factors helps homeowners budget effectively and anticipate their financial obligations.
Average Ellsworth Tax Bill
$1,318
Average Antrim County Tax Bill
$1,488
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Ellsworth, Antrim County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49729 | $517 | $830 | $1,318 | $2,557 | $5,123 |
Source: Ownwell