Ubly, Michigan Property Taxes
The median property tax rate in Ubly, MI is 0.92%, slightly below the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Ubly at $119,100, the typical annual property tax bill is $1,086, which is less than the national median of $2,690. Property taxes in Ubly 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 Ubly'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 Ubly 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
Ubly, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$1,096
Ownwell’s Ubly Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ubly with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ubly 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 Ubly, Michigan
Property taxes in Ubly, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ubly is 0.92%, slightly below the U.S. national median of 0.99%. Local government entities within Ubly set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ubly 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 Ubly's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48475 zip code has the highest median property tax rate of 0.92%, while the same zip code also has the lowest median tax rate of 0.92%. Understanding how these cities compare with Ubly 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 Ubly Tax Rate
0.92%
Average Huron County Tax Rate
1.19%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ubly, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48475 | 0.62% | 0.77% | 0.92% | 1.07% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Ubly, Michigan
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ubly, Michigan. The market value represents 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 Ubly, 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 Ubly helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Ubly is 48475, both at $1,086.
Average Ubly Assessed Value
$119,100
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 Ubly, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48475 | $55,800 | $82,400 | $119,100 | $179,000 | $254,580 |
Source: Ownwell
Property Tax Bills Across Ubly, Michigan
In Ubly, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. For homeowners in Ubly, the median home price is $119,100. Property tax rates in this area are influenced by various factors, including local government budgets, school funding, and public services. Homeowners in Ubly experience a range of property tax bills. The 25th percentile tax bill is approximately $703, while the 75th percentile reaches around $1,632. Those in the 90th percentile pay up to $2,442. These figures reflect the diverse property values and tax liabilities within the community. Compared to the national median property tax rate of 0.99%, Ubly's property tax rates can vary significantly, impacting homeowners differently based on their property's assessed value. Understanding these factors helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Ubly Tax Bill
$1,086
Average Huron County Tax Bill
$1,405
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Ubly, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48475 | $436 | $703 | $1,086 | $1,632 | $2,442 |
Source: Ownwell