Calumet, Houghton County, Michigan Property Taxes
Median Calumet, MI effective property tax rate: 0.84%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Calumet, MI home value: $62,834
Median annual Calumet, MI tax bill: $495, $1,905 lower than the national median property tax bill of $2,400.
How are property taxes in Houghton calculated?
Property taxes in Calumet, MI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Calumet’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Calumet, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Calumet, Houghton County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.84%
Estimate Property Tax Bill
$528
$490
Property Tax Rates Across Calumet, Houghton County, Michigan
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Calumet Tax Rate
0.84%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Houghton County Tax Rate
0.94%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Calumet, Houghton County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49913 | 0.37% | 0.56% | 0.84% | 1.22% | 1.91% |
Source: Ownwell
Property Tax Assessment Values Across Calumet, Houghton County, Michigan
When examining property taxes in Calumet, MI, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Houghton County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Houghton County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Calumet. For example, the median home price in Calumet is $62,834, with tax bills ranging significantly across the county. Zip code 49913 has the highest median home price at $62,834.
Property Tax Assessment Values Across Calumet, Houghton County, Michigan
Source: Ownwell
$9,600
$82,334
$155,067
Median Calumet Market Value
$62,834
Median Houghton County Market Value
$95,531
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Calumet, Houghton County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49913 | $6,000 | $35,262 | $62,834 | $100,198 | $185,668 |
Source: Ownwell
Property Tax Bills Across Calumet, Houghton County, Michigan
In Calumet, 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 a percentage of the home's market value. Homeowners in Calumet, located in Houghton County, typically see a median property tax bill of $495. This is significantly lower than the national median property tax bill of $2,400. Factors such as property location, size, and local tax rates influence the final tax bill. While the 25th percentile tax bill is $260, the 75th percentile is $856, and the 90th percentile reaches $1,491, indicating a wide range of possible tax liabilities for homeowners.
Homeowners can benefit from Ownwell’s expertise in reducing their property tax bills. By appealing inaccurate assessments and identifying applicable exemptions, Ownwell can help homeowners ensure they are not overpaying. This service is particularly valuable in areas like Calumet, where understanding the nuances of property tax calculations can lead to substantial savings.
Median Calumet Tax Bill
$495
Median Houghton County Tax Bill
$879
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Calumet, Houghton County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49913 | $77 | $260 | $495 | $856 | $1,491 |
Source: Ownwell