Kalkaska, Michigan Property Taxes
The median property tax rate in Kalkaska, MI is 0.93%, slightly below both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Kalkaska at $127,200, the typical annual property tax bill amounts to $1,087, which is lower than the national median of $2,690. Property taxes in Kalkaska 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 Kalkaska'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 Kalkaska or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kalkaska, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$1,183
$1,098
Ownwell’s Kalkaska Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kalkaska with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kalkaska 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 Kalkaska, Michigan
Property taxes in Kalkaska, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kalkaska is 0.93%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Kalkaska set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kalkaska 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 Kalkaska's effective property tax rate to the national median. For comparison, the zip code 49646 has both the highest and lowest median property tax rate in Kalkaska, standing at 0.93%. Understanding how these figures compare with Kalkaska provides valuable insights into the varying tax landscape across Kalkaska County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kalkaska Tax Rate
0.93%
Average Kalkaska County Tax Rate
0.93%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kalkaska, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49646 | 0.54% | 0.68% | 0.93% | 1.28% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Kalkaska, Michigan
In Kalkaska, 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 Kalkaska 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 Kalkaska, 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 Kalkaska helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Kalkaska is $127,200, with annual tax bills ranging from $609 at the 25th percentile to $3,104 at the 90th percentile. The zip code 49646 has both the highest and lowest median tax bill at $1,087.
Average Kalkaska Assessed Value
$127,200
Average Kalkaska County Assessed Value
$137,400
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kalkaska, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49646 | $32,000 | $65,600 | $127,200 | $204,600 | $297,600 |
Source: Ownwell
Property Tax Bills Across Kalkaska, Michigan
In Kalkaska, MI, property tax bills are a significant consideration for homeowners. The tax bill is calculated based on the assessed value of the property, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to arrive at the final tax bill. Factors such as property size, location, and improvements can influence the assessed value. For instance, the median home price in Kalkaska stands at $127,200. Homeowners in the 25th percentile can expect a tax bill around $609, while those in the 75th percentile might see bills as high as $1,844. At the 90th percentile, tax bills can reach up to $3,104. The highest median tax bill in the area is $1,087, consistent across the zip code 49646. These tax obligations impact homeowners by influencing their overall housing costs and can affect decisions related to property investments and improvements. Comparatively, Kalkaska’s property tax rates reflect a balance that aligns with regional standards, providing a predictable framework for financial planning.
Average Kalkaska Tax Bill
$1,087
Average Kalkaska County Tax Bill
$1,200
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Kalkaska, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49646 | $306 | $609 | $1,087 | $1,844 | $3,104 |
Source: Ownwell