Standish, Michigan Property Taxes
The median property tax rate in Standish, MI is 0.34%, significantly lower than both the national median of 0.99% and Michigan's state median of 1.07%. With the median home value in Standish at $148,400, the typical annual property tax bill is $507, well below the national median of $2,690. Property taxes in Standish are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Standish'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 Standish or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Standish, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.34%
Estimate Property Tax Bill
$505
Ownwell’s Standish Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Standish with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Standish 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 Standish, Michigan
Property taxes in Standish, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Standish is 1.52%, significantly higher than the Michigan state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Standish set these rates annually, and they can vary significantly across different neighborhoods. Each year, Standish 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 Standish's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48658 zip code has the highest median property tax rate of 1.54%, while the 48659 zip code has the lowest median tax rate of 1.52%. Understanding how these cities compare with Standish provides valuable insights into the varying tax landscape across Bay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Standish Tax Rate
0.34%
Average Bay County Tax Rate
1.00%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Standish, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48658 | 0.24% | 0.28% | 0.34% | 0.41% | 0.49% |
Source: Ownwell
Property Tax Assessment Values Across Standish, Michigan
In Standish, 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 Bay 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 Standish, 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 48658 in Standish has the highest and lowest median tax bill at $507. Being aware of these valuation processes in Standish helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Standish Assessed Value
$148,400
Average Bay County Assessed Value
$117,300
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Standish, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48658 | $56,360 | $87,050 | $148,400 | $212,350 | $435,340 |
Source: Ownwell
Property Tax Bills Across Standish, Michigan
In Standish, 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 represents a percentage of the property's market value. For homeowners in Standish, the median home price is $148,400. The property tax rate in Bay County, where Standish is located, directly influences the final tax bill. Several factors contribute to the determination of a property tax bill, including the property's assessed value and the local tax rate. For instance, the 25th percentile tax bill is $307, while the 75th percentile tax bill can reach up to $767. At the 90th percentile, homeowners might see tax bills as high as $1,513. These figures show the range homeowners can expect based on their property's assessed value and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Standish homeowners experience a varied range of tax bills that can significantly impact their annual financial planning. Understanding these factors can help homeowners better anticipate their property tax obligations.
Average Standish Tax Bill
$507
Average Bay County Tax Bill
$1,271
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Standish, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48658 | $220 | $307 | $507 | $767 | $1,513 |
Source: Ownwell