Sumner, Michigan Property Taxes
The median property tax rate in Sumner, MI is 0.29%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Sumner at $130,600, the typical annual property tax bill is $346, well below the national median of $2,690. Property taxes in Sumner are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Sumner'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 Sumner or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sumner, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.29%
Estimate Property Tax Bill
$379
$351
Ownwell’s Sumner Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sumner with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sumner 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 Sumner, Michigan
Property taxes in Sumner, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sumner is 1.52%, significantly higher than both the Michigan state median of 1.31% and the U.S. national median of 0.99%. Local government entities within Sumner set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sumner 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 Sumner'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 2.06%, while the lowest median tax rate is in Luce County at 0.83%. Understanding how these cities compare with Sumner 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 Sumner Tax Rate
0.29%
Average Gratiot County Tax Rate
0.33%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sumner, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48889 | 0.16% | 0.22% | 0.29% | 0.43% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Sumner, Michigan
In Sumner, 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 Sumner, 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 Sumner helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Sumner is $346 in zip code 48889, which is significantly lower than the national median property tax rate of 0.99%.
Average Sumner Assessed Value
$130,600
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 Sumner, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48889 | $49,680 | $87,600 | $130,600 | $178,200 | $241,960 |
Source: Ownwell
Property Tax Bills Across Sumner, Michigan
In Sumner, located in Gratiot County, MI, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in the area stands at $130,600. Property taxes are calculated by applying the local tax rate to the assessed value of the property. For instance, the national median property tax rate is 0.99%, which provides a benchmark for comparison. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions. Homeowners in Sumner can expect their tax bills to vary significantly. For example, the 25th percentile tax bill is around $237, while the 75th percentile tax bill is approximately $546. At the higher end, the 90th percentile tax bill reaches $759. Interestingly, the highest and lowest median tax bills in the area both stand at $346, specifically in the 48889 zip code. These property taxes directly impact homeowners by contributing to local services such as schools, public safety, and infrastructure maintenance. Understanding these factors can help homeowners better anticipate their financial responsibilities.
Average Sumner Tax Bill
$346
Average Gratiot County Tax Bill
$380
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Sumner, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48889 | $167 | $237 | $346 | $546 | $759 |
Source: Ownwell