Hale, Michigan Property Taxes
The median property tax rate in Hale, MI is 2.41%, significantly higher than both the national median of 0.99% and Michigan's state median of 1.07%. With the median home value in Hale, the typical annual property tax bill reaches $979, which is below the national median of $2,690. Property taxes in Hale 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 Hale'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 Hale or another part of Iosco County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hale, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.41%
Estimate Property Tax Bill
$1,125
Ownwell’s Hale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hale 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 Hale, Michigan
Property taxes in Hale, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hale is 2.41%, significantly higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Hale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hale 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 Hale's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48739 zip code has the highest median property tax rate of 2.41%, while the same zip code also has the lowest median tax rate of 2.41%. Understanding how these cities compare with Hale provides valuable insights into the varying tax landscape across Iosco County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hale Tax Rate
2.41%
Average Iosco County Tax Rate
2.40%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hale, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48739 | 1.41% | 1.62% | 2.41% | 3.11% | 3.51% |
Source: Ownwell
Property Tax Assessment Values Across Hale, Michigan
In Hale, 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 Iosco 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 Hale, 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 Hale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Hale are both $979.00, specifically in the 48739 zip code.
Average Hale Assessed Value
$46,700
Average Iosco County Assessed Value
$51,600
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hale, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48739 | $12,000 | $23,700 | $46,700 | $84,600 | $137,280 |
Source: Ownwell
Property Tax Bills Across Hale, Michigan
In Hale, located in Iosco County, MI, property tax bills are calculated based on the assessed value of a home, which is typically 50% of its market value. For instance, with a median home price of $46,700, the assessed value would be around $23,350. The local tax rate is then applied to this assessed value to determine the tax bill. Factors such as home improvements, neighborhood developments, and changes in market conditions can influence the assessed value, thereby affecting the tax bill. Homeowners in Hale experience a range of property tax bills. At the 25th percentile, a tax bill might be around $555, while at the 75th percentile, it could rise to $1,898. For those at the 90th percentile, tax bills can reach up to $2,961. These variations highlight the impact of property assessments and local tax rates on homeowners. Compared to the national median property tax rate of 0.99%, Hale’s tax rates reflect the localized nature of property taxation, emphasizing the importance of understanding specific regional factors.
Average Hale Tax Bill
$979
Average Iosco County Tax Bill
$1,150
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Hale, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48739 | $326 | $555 | $979 | $1,898 | $2,961 |
Source: Ownwell