Ashley, Michigan Property Taxes
The median property tax rate in Ashley, MI is 0.44%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Ashley at $110,200, the typical annual property tax bill is $452, well below the national median of $2,690. Property taxes in Ashley are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Ashley'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 Ashley or another part of Gratiot County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ashley, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.44%
Estimate Property Tax Bill
$485
Ownwell’s Ashley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ashley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ashley 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 Ashley, Michigan
Property taxes in Ashley, Michigan, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Ashley is 0.44%, which is lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Ashley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ashley 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 Ashley's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48806 zip code has both the highest and lowest median property tax rate of 0.44%. Understanding how these areas compare with Ashley provides valuable insights into the varying tax landscape across Gratiot County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ashley Tax Rate
0.44%
Average Gratiot County Tax Rate
0.33%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ashley, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48806 | 0.21% | 0.30% | 0.44% | 0.63% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Ashley, Michigan
In Ashley, 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 local 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 Ashley, 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. Ashley's median home price stands at $110,200, with tax bills ranging from $299 at the 25th percentile to $857 at the 90th percentile. The highest and lowest median tax bills are both $452, found in zip code 48806. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ashley Assessed Value
$110,200
Average Gratiot County Assessed Value
$112,300
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ashley, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48806 | $38,600 | $70,850 | $110,200 | $163,500 | $234,500 |
Source: Ownwell
Property Tax Bills Across Ashley, Michigan
In Ashley, located in Gratiot County, MI, property tax bills are calculated based on the assessed value of a home, which is typically determined by the local assessor's office. The assessed value is a percentage of the market value of the property. Homeowners in Ashley face a median property tax rate that reflects the local government's budgetary needs, public services, and school funding requirements. For instance, the median home price in Ashley is $110,200. Property tax bills vary significantly, with the 25th percentile bill at $299 and the 75th percentile reaching $674. The 90th percentile tax bill can go as high as $857. These figures indicate a range of tax burdens that can impact homeowners differently, depending on their property's assessed value. Compared to the national median property tax rate of 0.99%, Ashley's property tax rates can be seen as relatively moderate. However, the actual tax bill a homeowner receives will depend on various factors, including the specific assessed value of their property and any applicable exemptions or deductions. This variability underscores the importance of understanding local property tax assessments and their implications for homeowners.
Average Ashley Tax Bill
$452
Average Gratiot County Tax Bill
$380
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Ashley, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48806 | $191 | $299 | $452 | $674 | $857 |
Source: Ownwell