Sebewaing, Michigan Property Taxes
The median property tax rate in Sebewaing, MI is 1.16%, which is considerably higher than both the national median of 0.99% and Michigan's state median of 1.07%. With a median home value of $87,000 in Sebewaing, the typical annual property tax bill reaches $1,049, surpassing the national median of $2,690. Property taxes in Sebewaing are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sebewaing'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 Sebewaing 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
Sebewaing, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$1,009
$937
Ownwell’s Sebewaing Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sebewaing with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sebewaing 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 Sebewaing, Michigan
Property taxes in Sebewaing, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sebewaing is 1.16%, higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Sebewaing set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sebewaing 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 Sebewaing's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48759 zip code has the highest median property tax rate of 1.16%, while the same zip code also has the lowest median tax rate of 1.16%. Understanding how these cities compare with Sebewaing provides valuable insights into the varying tax landscape across Huron County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sebewaing Tax Rate
1.16%
Average Huron County Tax Rate
1.19%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sebewaing, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48759 | 0.87% | 1.05% | 1.16% | 1.37% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Sebewaing, Michigan
In Sebewaing, 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 Huron 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 Sebewaing, 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. The median home price in Sebewaing is $87,000, with tax bills ranging from $705 at the 25th percentile to $2,105 at the 90th percentile, highlighting the variability in tax burdens. The zip code 48759 has both the highest and lowest median tax bill at $1,049. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sebewaing Assessed Value
$87,000
Average Huron County Assessed Value
$119,000
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sebewaing, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48759 | $18,000 | $56,700 | $87,000 | $116,700 | $164,920 |
Source: Ownwell
Property Tax Bills Across Sebewaing, Michigan
In Sebewaing, located in Huron County, Michigan, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. For instance, with a median home price of $87,000, the property tax rate is applied to this assessed value to determine the tax bill. Factors such as local tax rates and any applicable exemptions or deductions play a significant role in this calculation. Homeowners in Sebewaing can expect their property tax bills to vary widely. For example, the tax bill at the 25th percentile is around $705, while at the 75th percentile, it can reach $1,489. At the higher end, the tax bill at the 90th percentile can go up to $2,105. These taxes fund essential local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Sebewaing's property taxes can be seen as relatively moderate, impacting homeowners' annual financial planning and overall cost of living.
Average Sebewaing Tax Bill
$1,049
Average Huron County Tax Bill
$1,405
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Sebewaing, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48759 | $161 | $705 | $1,049 | $1,489 | $2,105 |
Source: Ownwell