Cheboygan, Cheboygan County, Michigan Property Taxes
Median Cheboygan, MI effective property tax rate: 0.74%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Cheboygan, MI home value: $139,400
Median annual Cheboygan, MI tax bill: $1,006, $1,394 lower than the national median property tax bill of $2,400.
How are property taxes in Cheboygan calculated?
Property taxes in Cheboygan, MI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Cheboygan’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cheboygan, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cheboygan, Cheboygan County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.74%
Estimate Property Tax Bill
$1,032
$957
Property Tax Rates Across Cheboygan, Cheboygan County, Michigan
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Cheboygan Tax Rate
0.74%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Cheboygan County Tax Rate
0.50%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cheboygan, Cheboygan County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49721 | 0.39% | 0.48% | 0.74% | 1.25% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Cheboygan, Cheboygan County, Michigan
When examining property taxes in Cheboygan, MI, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Cheboygan County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Cheboygan County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Cheboygan. For example, the median home price in Cheboygan is $139,400, with tax bills ranging significantly across the county. Zip code 49721 has the highest median home price at $139,400.
Property Tax Assessment Values Across Cheboygan, Cheboygan County, Michigan
Source: Ownwell
$100,600
$350,500
$600,400
Median Cheboygan Market Value
$139,400
Median Cheboygan County Market Value
$151,800
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cheboygan, Cheboygan County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49721 | $34,200 | $82,000 | $139,400 | $238,400 | $404,700 |
Source: Ownwell
Property Tax Bills Across Cheboygan, Cheboygan County, Michigan
In Cheboygan, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Cheboygan is $139,400, with a median tax bill of $1,006. This is significantly lower than the national median property tax bill of $2,400, providing some relief for homeowners in the area. However, tax bills can vary significantly, ranging from the 25th percentile at $594 to the 90th percentile at $3,329, depending on the specific characteristics and location of the property.
Homeowners in Cheboygan can benefit from Ownwell's expertise in property tax appeals and exemptions. By analyzing the assessed value and comparing it to market trends, Ownwell can identify discrepancies and help homeowners file appeals to lower their tax bills. This service can lead to substantial savings, ensuring that homeowners are not overpaying on their property taxes.
Median Cheboygan Tax Bill
$1,006
Median Cheboygan County Tax Bill
$843
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Cheboygan, Cheboygan County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49721 | $291 | $594 | $1,006 | $1,767 | $3,329 |
Source: Ownwell