Carson City, Michigan Property Taxes
The median property tax rate in Carson City, MI is 0.36%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Carson City at $138,200, the typical annual property tax bill amounts to $495, well below the national median of $2,690. Property taxes in Carson City are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Carson City'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 Carson City 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
Carson City, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.36%
Estimate Property Tax Bill
$498
$462
Ownwell’s Carson City Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Carson City with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Carson City to provide an accurate estimate of your property tax bill. This valuable insight helps you understand potential tax liabilities and plan accordingly. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Carson City, Michigan
Property taxes in Carson City, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carson City is 1.24%, higher than both the Michigan state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Carson City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carson City 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 Carson City'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 Washtenaw County at 2.08%, while the lowest median tax rate is in Luce County at 0.83%. Understanding how these cities compare with Carson City 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 Carson City Tax Rate
0.36%
Average Gratiot County Tax Rate
0.33%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carson City, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48811 | 0.20% | 0.29% | 0.36% | 0.46% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Carson City, Michigan
In Carson City, 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 Gratiot 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 Carson City, 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 Carson City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $495.00 in zip code 48811, which can be a significant consideration for homeowners.
Average Carson City Assessed Value
$138,200
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 Carson City, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48811 | $81,400 | $110,100 | $138,200 | $179,700 | $230,600 |
Source: Ownwell
Property Tax Bills Across Carson City, Michigan
In Carson City, 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 of the property. For instance, with a median home price of $138,200, the assessed value would be approximately $69,100. This value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions. In Carson City, the tax bills can vary significantly, with the 25th percentile at $399 and the 75th percentile at $592. For those in the 90th percentile, tax bills can reach up to $814. Compared to the national median property tax rate of 0.99%, Carson City's tax rates can be more manageable for homeowners, providing a relatively affordable living situation. However, understanding these factors is crucial for homeowners to anticipate their annual expenses and manage their finances effectively.
Average Carson City Tax Bill
$495
Average Gratiot County Tax Bill
$380
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Carson City, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48811 | $198 | $399 | $495 | $592 | $814 |
Source: Ownwell