Pellston, Michigan Property Taxes
The median property tax rate in Pellston, MI is 0.94%, slightly below the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Pellston at $238,000, the typical annual property tax bill reaches $1,608, which is less than the national median of $2,690. Property taxes in Pellston are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. By understanding Pellston's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're in the heart of Pellston or another part of Cheboygan County, gaining insight into the local property tax system will benefit you financially.
Last Updated June 14, 2024
Pellston, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$2,237
$2,076
Ownwell’s Pellston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pellston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pellston 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 Pellston, Michigan
Property taxes in Pellston, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pellston is 0.94%, slightly below the U.S. national median of 0.99%. Local government entities within Pellston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pellston 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 Pellston's effective property tax rate to other areas in Cheboygan County and the national median. For comparison, the 49769 zip code has the highest median property tax rate of 0.94%, while the same zip code also has the lowest median tax rate of 0.94%. Understanding how these areas compare with Pellston provides valuable insights into the varying tax landscape across Cheboygan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pellston Tax Rate
0.94%
Average Cheboygan County Tax Rate
0.50%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pellston, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49769 | 0.36% | 0.48% | 0.94% | 1.30% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Pellston, Michigan
In Pellston, 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 Cheboygan 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 Pellston, 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 Pellston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 49769 has the highest and lowest median tax bill in the area, both at $1,608.
Average Pellston Assessed Value
$238,000
Average Cheboygan County Assessed Value
$151,800
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pellston, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49769 | $49,600 | $119,200 | $238,000 | $344,600 | $491,800 |
Source: Ownwell
Property Tax Bills Across Pellston, Michigan
In Pellston, located in Cheboygan County, MI, property tax bills are primarily calculated based on the assessed value of your home. The assessed value is determined by the local assessor's office and represents a percentage of the property's market value. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Several factors influence the assessed value, including the property's location, size, and overall condition. In Pellston, the median home price is $238,000. Homeowners in the 25th percentile can expect a tax bill around $800, while those in the 75th percentile might see bills as high as $3,359. The 90th percentile tax bills can reach up to $4,880. Compared to the national median property tax rate of 0.99%, Pellston's tax rates can vary significantly, impacting homeowners differently based on their property's assessed value. Understanding these factors can help homeowners anticipate their tax obligations and plan accordingly.
Average Pellston Tax Bill
$1,608
Average Cheboygan County Tax Bill
$843
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Pellston, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49769 | $439 | $800 | $1,608 | $3,359 | $4,880 |
Source: Ownwell