Charlevoix County, Michigan Property Taxes
The median property tax rate in Charlevoix County is 0.50%, which is significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Charlevoix County at $226,100, the typical annual property tax bill reaches $1,211, well below the national median of $2,690. Property taxes in Charlevoix County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Charlevoix County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Charlevoix or another part of Charlevoix County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Charlevoix County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.5%
Estimate Property Tax Bill
$1,131
$1,049
Ownwell’s Charlevoix Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Charlevoix with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Charlevoix to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Charlevoix County, Michigan
Property taxes in Charlevoix play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Charlevoix is 0.50%, which is lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Charlevoix set these rates annually, and they can vary significantly between different areas within the county. Each year, Charlevoix estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Charlevoix's effective property tax rate with other areas in Michigan and the national median. For comparison, the city of Charlevoix has one of the higher property tax rates in Michigan at 0.64%, while the city of Beaver Island boasts one of the lowest at 0.43%. Analyzing how Charlevoix's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Charlevoix County Tax Rate
0.50%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Charlevoix County, Michigan
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beaver Island | 0.31% | 0.38% | 0.43% | 0.48% | 0.53% |
| Boyne City | 0.26% | 0.34% | 0.48% | 0.99% | 1.37% |
| Boyne Falls | 0.24% | 0.30% | 0.38% | 0.53% | 0.53% |
| Charlevoix | 0.36% | 0.44% | 0.64% | 1.18% | 1.55% |
| East Jordan | 0.32% | 0.39% | 0.58% | 0.83% | 1.07% |
| Ellsworth | 0.34% | 0.41% | 0.61% | 1.08% | 1.42% |
| Elmira | 0.26% | 0.31% | 0.36% | 0.43% | 0.49% |
| Petoskey | 0.20% | 0.24% | 0.33% | 0.39% | 0.47% |
| Vanderbilt | 0.29% | 0.36% | 0.47% | 0.90% | 1.19% |
| Walloon Lake | 0.16% | 0.22% | 0.30% | 0.39% | 0.45% |
Source: Ownwell
Property Tax Assessment Values Across Charlevoix County, Michigan
In Charlevoix County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Charlevoix County Appraisal District. The assessed value, however, 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 in Charlevoix County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Charlevoix has the highest median tax bill at $1,690, while Elmira has the lowest at $506. Being aware of these valuation processes in Charlevoix County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Charlevoix County, Michigan
Source: Ownwell
$141,400
$303,400
$465,400
Average Charlevoix County Assessed Value
$226,100
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Charlevoix County, Michigan
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beaver Island | $45,180 | $91,300 | $178,700 | $292,650 | $402,140 |
| Boyne City | $49,000 | $129,000 | $229,400 | $414,200 | $798,960 |
| Boyne Falls | $71,400 | $105,000 | $168,400 | $276,650 | $505,700 |
| Charlevoix | $68,600 | $166,750 | $262,700 | $422,900 | $752,620 |
| East Jordan | $62,200 | $119,850 | $195,500 | $394,950 | $862,180 |
| Ellsworth | $79,900 | $119,750 | $173,200 | $251,050 | $347,900 |
| Elmira | $48,840 | $83,200 | $141,400 | $207,800 | $281,840 |
| Petoskey | $178,440 | $251,900 | $376,400 | $1,531,750 | $2,350,520 |
| Vanderbilt | $44,760 | $78,050 | $147,600 | $222,050 | $365,660 |
| Walloon Lake | $168,840 | $229,800 | $465,400 | $1,367,400 | $2,122,240 |
Source: Ownwell
Property Tax Bills Across Charlevoix County, Michigan
In Charlevoix County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is typically a percentage of the property's market value. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions or deductions. For instance, Charlevoix has a median home price of $226,100. Homeowners in this county can expect a wide range of tax bills, from the 25th percentile at around $660 to the 75th percentile at approximately $2,506. The highest median tax bill in the county is $1,690 in Charlevoix city, while Elmira has the lowest median tax bill at $506. These taxes fund essential local services such as schools, public safety, and infrastructure maintenance. While the national median property tax rate is 0.99%, individual tax bills in Charlevoix can vary significantly, impacting homeowners' annual financial planning and overall homeownership costs.
Average Charlevoix County Tax Bill
$1,211
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Charlevoix County, Michigan
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beaver Island | $178 | $391 | $743 | $1,247 | $1,707 |
| Boyne City | $374 | $703 | $1,344 | $2,629 | $5,211 |
| Boyne Falls | $243 | $402 | $611 | $997 | $1,655 |
| Charlevoix | $583 | $954 | $1,690 | $3,617 | $7,360 |
| East Jordan | $402 | $641 | $1,119 | $2,498 | $5,163 |
| Ellsworth | $479 | $722 | $1,051 | $1,846 | $3,014 |
| Elmira | $168 | $281 | $506 | $781 | $1,210 |
| Petoskey | $572 | $754 | $1,459 | $3,930 | $7,347 |
| Vanderbilt | $275 | $427 | $703 | $1,156 | $2,313 |
| Walloon Lake | $489 | $724 | $1,516 | $3,642 | $6,925 |
Source: Ownwell