Turner, Michigan Property Taxes
The median property tax rate in Turner, Michigan is 0.75%, considerably lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Turner, the typical annual property tax bill reaches $808, significantly below the national median of $2,690. Property taxes in Turner 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 Turner'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 Turner 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
Turner, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$822
Ownwell’s Turner Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Turner with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Turner to provide an estimate of your property tax bill. This invaluable tool helps you understand potential tax liabilities. For those interested in more granular trends, explore localized information by scrolling down. Your property’s assessed value, assigned by the county for property tax calculations, includes any applicable exemptions.
Property Tax Rates Across Turner, Michigan
Property taxes in Turner, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Turner is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Turner set these rates annually, and they can vary significantly across different neighborhoods. Each year, Turner 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 Turner's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48765 zip code has the highest median property tax rate of 0.75%, while the same zip code also has the lowest median tax rate of 0.75%. Understanding how these cities compare with Turner provides valuable insights into the varying tax landscape across Arenac County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Turner Tax Rate
0.75%
Average Arenac County Tax Rate
1.29%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Turner, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48765 | 0.43% | 0.60% | 0.75% | 0.84% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Turner, Michigan
In Turner, 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 Arenac 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 Turner, 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 Turner helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code 48765 in Turner has the highest median tax bill at $808, which contrasts with the national median property tax rate of 0.99%. By being informed, Turner residents can take proactive steps to ensure fair property tax assessments.
Average Turner Assessed Value
$109,600
Average Arenac County Assessed Value
$100,000
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Turner, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48765 | $40,800 | $72,300 | $109,600 | $155,500 | $210,480 |
Source: Ownwell
Property Tax Bills Across Turner, Michigan
In Turner, located in Arenac County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value typically reflects a percentage of the property's market value. Homeowners in Turner can expect their tax bills to vary significantly depending on this assessed value. For example, the 25th percentile tax bill is around $487, while the 75th percentile tax bill can reach up to $1,293, and the 90th percentile tax bill goes as high as $1,886. These tax rates are influenced by local government budgets, school district funding needs, and other municipal services. The median home price in Turner is $109,600, which provides a benchmark for understanding these tax bills. Compared to the national median property tax rate of 0.99%, Turner's tax rates can be seen as relatively moderate. Homeowners should be aware of these factors, as property taxes can significantly impact their annual expenses and overall cost of homeownership.
Average Turner Tax Bill
$808
Average Arenac County Tax Bill
$1,273
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Turner, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48765 | $253 | $487 | $808 | $1,293 | $1,886 |
Source: Ownwell