Emmet County, Michigan Property Taxes
The median property tax rate in Emmet County is 0.97%, which is slightly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Emmet County at $259,800, the typical annual property tax bill is $2,560, which is below the national median of $2,690. Property taxes in Emmet County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Emmet County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Petoskey or another part of Emmet County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Emmet County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$2,520
$2,339
Ownwell’s Emmet County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Emmet County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Emmet County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Emmet County, Michigan
Property taxes in Emmet County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Emmet County is 0.97%, which is lower than the Michigan state median and the U.S. national median of 0.99%. Local government entities within Emmet County set these rates annually, and they can vary significantly between different areas within the county. Each year, Emmet County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Emmet County's effective property tax rate with other counties in Michigan and the national median. For comparison, the city of Mackinaw City has one of the higher property tax rates in Michigan at 1.51%, while the city of Oden boasts one of the lowest at 0.68%. Analyzing how Emmet County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Emmet County Tax Rate
0.97%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Emmet County, Michigan
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alanson | 0.64% | 0.72% | 0.95% | 1.39% | 1.75% |
| Boyne Falls | 0.70% | 0.74% | 0.83% | 1.02% | 1.12% |
| Brutus | 0.68% | 0.74% | 0.83% | 1.06% | 1.48% |
| Carp Lake | 0.65% | 0.78% | 1.14% | 1.50% | 1.85% |
| Conway | 0.53% | 0.75% | 1.32% | 1.72% | 1.93% |
| Harbor Springs | 0.60% | 0.75% | 0.95% | 1.26% | 1.55% |
| Levering | 0.58% | 0.70% | 0.87% | 1.27% | 1.66% |
| Mackinaw City | 0.91% | 1.13% | 1.51% | 1.90% | 2.43% |
| Oden | N/A | N/A | N/A | N/A | N/A |
| Pellston | 0.58% | 0.76% | 1.00% | 1.28% | 1.64% |
| Petoskey | 0.65% | 0.77% | 0.98% | 1.38% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Emmet County, Michigan
In Emmet County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Emmet County Appraisal District. The assessed value, however, 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. Assessment notices in Emmet County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Harbor Springs has the highest median tax bill at $3,435, while Oden has the lowest at $1,090. Being aware of these valuation processes in Emmet County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Emmet County Assessed Value
$259,800
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Emmet County, Michigan
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alanson | $29,760 | $91,800 | $162,600 | $251,400 | $408,320 |
| Boyne Falls | $117,260 | $194,500 | $272,800 | $354,700 | $493,860 |
| Brutus | $60,540 | $113,500 | $162,900 | $255,850 | $362,800 |
| Carp Lake | $45,000 | $83,800 | $143,800 | $233,900 | $376,600 |
| Conway | $69,300 | $93,900 | $144,200 | $194,900 | $246,400 |
| Harbor Springs | $111,860 | $215,200 | $344,800 | $610,000 | $1,210,940 |
| Levering | $44,560 | $80,500 | $135,400 | $205,900 | $271,960 |
| Mackinaw City | $60,000 | $106,600 | $184,800 | $302,000 | $477,200 |
| Oden | N/A | N/A | N/A | N/A | N/A |
| Pellston | $56,680 | $90,200 | $136,600 | $205,700 | $302,280 |
| Petoskey | $117,060 | $191,200 | $283,800 | $450,000 | $824,840 |
Source: Ownwell
Property Tax Bills Across Emmet County, Michigan
In Emmet County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is typically a percentage of the market value of the property. Homeowners in Emmet County experience a range of tax bills depending on various factors, including property location and market conditions. For instance, the median home price in Emmet County is $259,800. Tax bills in the county can vary significantly, with the 25th percentile tax bill at $1,528 and the 75th percentile tax bill rising to $4,671. Those at the 90th percentile can expect to pay as much as $9,554. Notably, Harbor Springs has the highest median tax bill at $3,435, while Oden has the lowest at $1,090. These property taxes directly impact homeowners by influencing their overall housing costs. Keeping track of these factors can help homeowners better understand and potentially manage their tax liabilities.
Average Emmet County Tax Bill
$2,560
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Emmet County, Michigan
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alanson | $436 | $921 | $1,481 | $2,374 | $4,488 |
| Boyne Falls | $994 | $1,497 | $2,259 | $3,515 | $4,568 |
| Brutus | $705 | $972 | $1,509 | $2,143 | $3,509 |
| Carp Lake | $543 | $899 | $1,512 | $2,515 | $3,834 |
| Conway | $757 | $1,132 | $1,650 | $2,785 | $3,327 |
| Harbor Springs | $1,298 | $2,068 | $3,435 | $6,628 | $12,987 |
| Levering | $468 | $748 | $1,169 | $1,755 | $2,598 |
| Mackinaw City | $892 | $1,591 | $2,662 | $4,671 | $7,388 |
| Oden | N/A | N/A | N/A | N/A | N/A |
| Pellston | $620 | $964 | $1,363 | $1,930 | $2,663 |
| Petoskey | $1,257 | $1,861 | $2,900 | $5,001 | $10,365 |
Source: Ownwell