Clifford, Michigan Property Taxes
The median property tax rate in Clifford, MI is 0.32%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $124,600 in Clifford, the typical annual property tax bill is $372, which is well below the national median of $2,690. Property taxes in Clifford 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 Clifford'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 Clifford 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
Clifford, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.32%
Estimate Property Tax Bill
$399
$370
Ownwell’s Clifford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clifford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clifford 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 Clifford, Michigan
Property taxes in Clifford, Michigan, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clifford is 0.32%, significantly lower than both the Michigan state median of 1.62% and the U.S. national median of 0.99%. Local government entities within Clifford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clifford 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 Clifford's effective property tax rate to other counties in Michigan and the national median. For comparison, 48017 in Michigan has the highest median property tax rate of 2.56%, while 48624 has the lowest median tax rate of 0.28%. Understanding how these cities compare with Clifford provides valuable insights into the varying tax landscape across Lapeer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clifford Tax Rate
0.32%
Average Lapeer County Tax Rate
0.37%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clifford, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48727 | 0.22% | 0.28% | 0.32% | 0.39% | 0.48% |
Source: Ownwell
Property Tax Assessment Values Across Clifford, Michigan
In Clifford, 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 Lapeer 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 Clifford, 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 Clifford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 48727, with a median tax bill of $372.00, while the lowest is also 48727, with the same median tax bill of $372.00.
Average Clifford Assessed Value
$124,600
Average Lapeer County Assessed Value
$215,800
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clifford, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48727 | $51,080 | $75,300 | $124,600 | $180,100 | $262,240 |
Source: Ownwell
Property Tax Bills Across Clifford, Michigan
In Clifford, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Clifford is $124,600. Local assessors determine this value, and it plays a crucial role in calculating the property tax. The tax rate is then applied to the assessed value to determine the annual tax bill. For homeowners in Clifford, tax bills can vary significantly. The 25th percentile tax bill is $249, while the 75th percentile reaches $596. At the 90th percentile, tax bills can climb to $962. These variations depend on factors such as property value and specific local tax rates. Compared to the national median property tax rate of 0.99%, Clifford's property taxes can be seen as relatively moderate. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances more effectively.
Average Clifford Tax Bill
$372
Average Lapeer County Tax Bill
$858
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Clifford, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48727 | $156 | $249 | $372 | $596 | $962 |
Source: Ownwell