Mulliken, Michigan Property Taxes
The median property tax rate in Mulliken, MI is 0.40%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $161,600 in Mulliken, the typical annual property tax bill amounts to $691, which is well below the national median of $2,690. Property taxes in Mulliken are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Mulliken's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Mulliken or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mulliken, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$646
Ownwell’s Mulliken Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Mulliken with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Mulliken to estimate your property tax bill. This valuable tool helps you understand potential tax liabilities. For those 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, considering any exemptions that may apply.
Property Tax Rates Across Mulliken, Michigan
Property taxes in Mulliken, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mulliken is 0.40%, which is lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Mulliken set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mulliken 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 Mulliken's effective property tax rate to other counties in Michigan and the national median. For comparison, the highest median property tax rate in Michigan is found in Eaton County, with a rate of 1.83%, while the lowest median tax rate is in Baraga County at 0.28%. Understanding how these cities compare with Mulliken provides valuable insights into the varying tax landscape across Eaton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mulliken Tax Rate
0.40%
Average Eaton County Tax Rate
0.81%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mulliken, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48861 | 0.34% | 0.37% | 0.40% | 0.53% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Mulliken, Michigan
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Mulliken, Michigan. 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 Eaton 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 Mulliken, 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. For example, the median home price in Mulliken is $161,600, with tax bills ranging significantly. The 25th percentile tax bill is around $520, while the 75th percentile reaches $995, and the 90th percentile can go up to $1,700. Interestingly, the highest and lowest median tax bills, both at $691, are found in the 48861 zip code. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Mulliken Assessed Value
$161,600
Average Eaton County Assessed Value
$184,400
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mulliken, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48861 | $87,280 | $124,500 | $161,600 | $208,500 | $269,240 |
Source: Ownwell
Property Tax Bills Across Mulliken, Michigan
In Mulliken, Eaton County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value typically represents 50% of the market value. For instance, with a median home price of $161,600, the assessed value would be approximately $80,800. The property tax rate is then applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including local tax rates and any applicable exemptions. Homeowners in Mulliken experience a range of tax bills, with the 25th percentile paying around $520, and the 75th percentile facing bills up to $995. At the 90th percentile, tax bills can reach as high as $1,700. Comparatively, the national median property tax rate is 0.99%, showcasing how local rates and assessed values significantly impact what homeowners ultimately pay. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Mulliken Tax Bill
$691
Average Eaton County Tax Bill
$1,470
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Mulliken, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48861 | $385 | $520 | $691 | $995 | $1,700 |
Source: Ownwell