De Tour Village, Michigan Property Taxes
The median property tax rate in De Tour Village, MI is 0.53%, considerably lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in De Tour Village at $118,400, the typical annual property tax bill is $646, significantly below the national median of $2,690. Property taxes in De Tour Village 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 De Tour Village'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 De Tour Village or another part of Chippewa County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
De Tour Village, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$628
Ownwell’s DE TOUR VILLAGE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in DE TOUR VILLAGE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DE TOUR VILLAGE 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 De Tour Village, Michigan
Property taxes in De Tour Village, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in De Tour Village is 0.53%, lower than the U.S. national median of 0.99%. Local government entities within De Tour Village set these rates annually, and they can vary significantly across different neighborhoods. Each year, De Tour Village 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 De Tour Village's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49725 zip code has the highest median property tax rate of 0.53%, while the same zip code also has the lowest median tax rate of 0.53%. Understanding how these cities compare with De Tour Village provides valuable insights into the varying tax landscape across Chippewa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average De Tour Village Tax Rate
0.53%
Average Chippewa County Tax Rate
1.10%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across De Tour Village, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49725 | 0.32% | 0.42% | 0.53% | 0.70% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across De Tour Village, Michigan
In De Tour Village, 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 Chippewa 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 De Tour Village, 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 De Tour Village helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $646.00, found in the 49725 zip code.
Property Tax Assessment Values Across De Tour Village, Michigan
Source: Ownwell
$16,000
$71,100
$126,200
Average De Tour Village Assessed Value
$118,400
Average Chippewa County Assessed Value
$103,400
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across De Tour Village, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49725 | $45,120 | $68,000 | $118,400 | $184,000 | $258,600 |
Source: Ownwell
Property Tax Bills Across De Tour Village, Michigan
In De Tour Village, 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 home's market value. Homeowners in Chippewa County can expect their property tax bills to vary widely depending on the value of their property. For instance, the median home price in De Tour Village is $118,400. Property tax bills in this area range significantly, with the 25th percentile tax bill at $366 and the 75th percentile at $1,058. At the higher end, the 90th percentile tax bill reaches up to $1,805. The median property tax rate in this region is notably lower compared to the national median property tax rate of 0.99%. This variation in tax bills can significantly impact homeowners, influencing their annual financial planning and overall affordability of homeownership. These factors make it crucial for homeowners to understand how their property tax bills are calculated and to stay informed about any changes in local tax rates or assessed values.
Average De Tour Village Tax Bill
$646
Average Chippewa County Tax Bill
$1,042
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across De Tour Village, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49725 | $195 | $366 | $646 | $1,058 | $1,805 |
Source: Ownwell