Houghton County, Michigan Property Taxes
The median property tax rate in Houghton is 0.94%, which is slightly below both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Houghton, the typical annual property tax bill is $879, significantly lower than the national median of $2,690. Property taxes in Houghton 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 Houghton's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Houghton or another part of the county, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Houghton County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$898
$833
Ownwell’s Houghton County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Houghton County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Houghton 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 Houghton County, Michigan
Property taxes in Houghton County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Houghton County is 0.94%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Houghton County set these rates annually, and they can vary significantly between different areas within the county. Each year, Houghton 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. For comparison, the city of Laurium has one of the higher property tax rates in Michigan at 1.91%, while the city of Atlantic Mine boasts one of the lowest at 0.62%. Analyzing how Houghton County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Houghton County Tax Rate
0.94%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Houghton County, Michigan
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allouez | 0.46% | 0.70% | 1.40% | 1.96% | 1.96% |
| Atlantic Mine | 0.30% | 0.44% | 0.62% | 1.09% | 1.48% |
| Calumet | 0.37% | 0.56% | 0.84% | 1.22% | 1.91% |
| Chassell | 0.46% | 0.59% | 0.73% | 0.96% | 1.37% |
| Copper City | 0.99% | 1.25% | 1.52% | 1.96% | 2.39% |
| Dodgeville | 0.47% | 0.62% | 0.87% | 1.07% | 1.30% |
| Dollar Bay | 0.43% | 0.60% | 0.85% | 1.04% | 1.71% |
| Hancock | 0.32% | 0.51% | 0.95% | 1.52% | 1.86% |
| Houghton | 0.39% | 0.70% | 1.23% | 1.57% | 1.79% |
| Hubbell | 0.42% | 0.56% | 0.69% | 1.06% | 1.57% |
| Kenton | 0.50% | 0.69% | 0.99% | 1.46% | 1.65% |
| Lake Linden | 0.43% | 0.65% | 0.94% | 1.57% | 1.75% |
| Laurium | 1.15% | 1.42% | 1.91% | 2.19% | 2.93% |
| Nisula | 0.66% | 0.89% | 1.22% | 1.63% | 1.82% |
| Painesdale | 0.56% | 0.70% | 1.06% | 1.27% | 1.81% |
| Pelkie | 0.31% | 0.50% | 0.73% | 1.13% | 1.73% |
| Sidnaw | 0.48% | 0.72% | 1.05% | 1.65% | 1.88% |
| South Range | 1.01% | 1.25% | 1.66% | 1.79% | 2.39% |
| Toivola | 0.26% | 0.43% | 0.73% | 1.29% | 1.62% |
| Trout Creek | 0.35% | 0.51% | 0.74% | 1.33% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Houghton County, Michigan
In Houghton 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 Houghton 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 Houghton 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. Being aware of these valuation processes in Houghton County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Houghton County, the highest median tax bill is $1626 in Houghton, while the lowest is $204 in Nisula.
Average Houghton County Assessed Value
$95,531
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Houghton County, Michigan
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allouez | $1,600 | $1,800 | $9,600 | $39,578 | $75,051 |
| Atlantic Mine | $37,072 | $60,938 | $114,554 | $205,600 | $318,200 |
| Calumet | $6,000 | $35,262 | $62,834 | $100,198 | $185,668 |
| Chassell | $50,209 | $88,600 | $155,067 | $239,326 | $336,535 |
| Copper City | $2,000 | $4,000 | $44,690 | $60,663 | $74,400 |
| Dodgeville | $35,140 | $59,058 | $79,520 | $113,828 | $163,628 |
| Dollar Bay | $36,200 | $72,270 | $101,580 | $153,819 | $228,624 |
| Hancock | $59,926 | $93,490 | $138,772 | $223,536 | $321,692 |
| Houghton | $23,320 | $92,582 | $147,182 | $245,243 | $360,454 |
| Hubbell | $26,359 | $47,452 | $66,849 | $92,685 | $119,753 |
| Kenton | $21,163 | $36,802 | $58,056 | $83,622 | $114,548 |
| Lake Linden | $31,052 | $64,268 | $107,994 | $188,000 | $281,839 |
| Laurium | $13,672 | $51,358 | $70,829 | $88,192 | $118,737 |
| Nisula | $9,034 | $9,186 | $18,177 | $54,535 | $107,043 |
| Painesdale | $27,314 | $47,534 | $70,836 | $94,814 | $134,460 |
| Pelkie | $11,781 | $34,638 | $69,646 | $121,588 | $178,134 |
| Sidnaw | $20,855 | $42,400 | $62,426 | $101,110 | $146,335 |
| South Range | $45,156 | $68,507 | $94,010 | $133,429 | $179,951 |
| Toivola | $32,938 | $69,680 | $114,522 | $187,729 | $284,338 |
| Trout Creek | $20,549 | $40,450 | $65,387 | $106,960 | $171,655 |
Source: Ownwell
Property Tax Bills Across Houghton County, Michigan
In Houghton County, MI, property tax bills are calculated based on the assessed value of a home, which is typically 50% of its market value. For a home with a median price of $95,531, the assessed value would be around $47,765. The property tax rate in Houghton County is applied to this assessed value to determine the tax bill. Various factors influence the final tax amount, including local tax rates, school district levies, and special assessments. Homeowners in Houghton County can expect a range of tax bills. For instance, the 25th percentile tax bill is about $416, while the 75th percentile is $1,631. The 90th percentile tax bill can go up to $2,726. In specific cities like Houghton, the highest median tax bill is $1,626, whereas in Nisula, it is significantly lower at $204. These taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting the community and homeowners' quality of life.
Average Houghton County Tax Bill
$879
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Houghton County, Michigan
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allouez | $29 | $31 | $86 | $414 | $831 |
| Atlantic Mine | $234 | $457 | $842 | $1,384 | $2,065 |
| Calumet | $77 | $260 | $495 | $856 | $1,491 |
| Chassell | $385 | $633 | $1,127 | $1,810 | $2,722 |
| Copper City | $34 | $101 | $662 | $948 | $1,176 |
| Dodgeville | $253 | $403 | $674 | $1,009 | $1,400 |
| Dollar Bay | $317 | $491 | $822 | $1,277 | $2,016 |
| Hancock | $259 | $643 | $1,387 | $2,319 | $3,718 |
| Houghton | $238 | $779 | $1,626 | $2,770 | $4,626 |
| Hubbell | $210 | $330 | $491 | $744 | $1,045 |
| Kenton | $228 | $360 | $541 | $853 | $1,159 |
| Lake Linden | $268 | $552 | $1,050 | $1,770 | $2,799 |
| Laurium | $271 | $792 | $1,176 | $1,721 | $2,336 |
| Nisula | $85 | $147 | $204 | $625 | $944 |
| Painesdale | $322 | $460 | $660 | $977 | $1,325 |
| Pelkie | $108 | $224 | $466 | $867 | $1,356 |
| Sidnaw | $215 | $348 | $692 | $1,086 | $1,628 |
| South Range | $713 | $1,017 | $1,434 | $2,072 | $3,136 |
| Toivola | $158 | $348 | $834 | $1,544 | $2,736 |
| Trout Creek | $155 | $276 | $571 | $917 | $1,279 |
Source: Ownwell