Hulbert, Michigan Property Taxes
The median property tax rate in Hulbert, MI is 0.84%, which is lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $77,100 in Hulbert, the typical annual property tax bill amounts to $556, significantly below the national median of $2,690. Property taxes in Hulbert are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Hulbert'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 Hulbert or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hulbert, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$648
Ownwell’s Hulbert Property Tax Bill Calculator helps homeowners, real estate investors, and potential buyers estimate their annual property taxes in Hulbert with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hulbert 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 Chippewa County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Hulbert, Michigan
Property taxes in Hulbert, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hulbert is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Hulbert set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hulbert 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 Hulbert's effective property tax rate to other areas in Michigan and the national median. For comparison, the 49748 zip code has the highest median property tax rate of 0.84%, while the same zip code also has the lowest median tax rate of 0.84%. Understanding how these cities compare with Hulbert 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 Hulbert Tax Rate
0.84%
Average Chippewa County Tax Rate
1.10%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hulbert, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49748 | 0.35% | 0.46% | 0.84% | 1.08% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Hulbert, Michigan
In Hulbert, 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 Hulbert, 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 Hulbert helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills, both at $556, are found in zip code 49748, highlighting the variability within the region.
Average Hulbert Assessed Value
$77,100
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 Hulbert, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49748 | $28,800 | $49,600 | $77,100 | $112,600 | $157,900 |
Source: Ownwell
Property Tax Bills Across Hulbert, Michigan
In Hulbert, located in Chippewa County, MI, property tax bills are calculated based on the assessed value of a home. The median home price in Hulbert is $77,100, and property taxes are determined by multiplying this assessed value by the local tax rate. Several factors influence the tax bill, including property size, location, and any applicable exemptions or deductions. Homeowners in Hulbert can expect varying tax bills depending on their property's assessed value and the specific tax rate applied. For example, the 25th percentile tax bill is around $317, while the 75th percentile tax bill reaches $925. At the 90th percentile, homeowners may see tax bills as high as $1,396. These variations highlight the impact of property value and local tax rates on individual tax liabilities. Compared to the national median property tax rate of 0.99%, Hulbert's tax bills reflect the local economic and property market conditions. Understanding these factors helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Hulbert Tax Bill
$556
Average Chippewa County Tax Bill
$1,042
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Hulbert, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49748 | $183 | $317 | $556 | $925 | $1,396 |
Source: Ownwell