Sault Sainte Marie, Michigan Property Taxes
The median property tax rate in Sault Sainte Marie, MI is 1.30%, considerably higher than both the national median of 0.99% and Michigan's state median of 1.07%. With the median home value in Sault Sainte Marie at $108,200, the typical annual property tax bill reaches $1,138, which is below the national median of $2,690. Property taxes in Sault Sainte Marie 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 Sault Sainte Marie'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 Sault Sainte Marie 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
Sault Sainte Marie, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$1,407
Ownwell’s Sault Sainte Marie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sault Sainte Marie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sault Sainte Marie 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 Sault Sainte Marie, Michigan
Property taxes in Sault Sainte Marie, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sault Sainte Marie is 1.30%, higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Sault Sainte Marie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sault Sainte Marie 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 Sault Sainte Marie's effective property tax rate to other areas in Michigan and the national median. For comparison, the 49726 zip code has the highest median property tax rate of 1.74%, while the 49774 zip code has the lowest median tax rate of 0.72%. Understanding how these areas compare with Sault Sainte Marie 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 Sault Sainte Marie Tax Rate
1.30%
Average Chippewa County Tax Rate
1.10%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sault Sainte Marie, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49726 | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% |
| 49774 | 0.72% | 0.72% | 0.72% | 0.72% | 0.72% |
| 49783 | 0.45% | 0.52% | 1.30% | 1.54% | 1.77% |
| 49788 | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Sault Sainte Marie, Michigan
In Sault Sainte Marie, Michigan, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 Sault Sainte Marie, 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the highest median tax bill in the area is $1,138 in zip code 49783, while the lowest is $229 in zip code 49774.
Property Tax Assessment Values Across Sault Sainte Marie, Michigan
Source: Ownwell
$16,000
$71,100
$126,200
Average Sault Sainte Marie Assessed Value
$108,200
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 Sault Sainte Marie, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49726 | $19,200 | $19,200 | $19,200 | $19,200 | $19,200 |
| 49774 | $31,600 | $31,600 | $31,600 | $31,600 | $31,600 |
| 49783 | $42,700 | $69,200 | $108,200 | $165,600 | $243,000 |
| 49788 | $54,800 | $54,800 | $54,800 | $54,800 | $54,800 |
Source: Ownwell
Property Tax Bills Across Sault Sainte Marie, Michigan
In Sault Sainte Marie, located in Chippewa County, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in this area is $108,200. The local tax rate is applied to this assessed value to determine the annual property tax bill. Factors such as property location, improvements, and local tax levies influence the final amount. Homeowners in Sault Sainte Marie can expect a wide range of property tax bills. At the 25th percentile, the tax bill is approximately $673, while at the 75th percentile, it rises to $1,742. For those at the 90th percentile, the bill can reach up to $2,637. The highest median tax bill within the city is $1,138 in the 49783 zip code, whereas the lowest is $229 in the 49774 zip code. These variations significantly impact homeowners, influencing their financial planning and overall cost of living.
Average Sault Sainte Marie Tax Bill
$1,138
Average Chippewa County Tax Bill
$1,042
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Sault Sainte Marie, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49726 | $334 | $334 | $334 | $334 | $334 |
| 49774 | $229 | $229 | $229 | $229 | $229 |
| 49783 | $326 | $673 | $1,138 | $1,743 | $2,637 |
| 49788 | $549 | $549 | $549 | $549 | $549 |
Source: Ownwell