Luce County, Michigan Property Taxes
Median Luce County effective property tax rate: 0.96%, slightly lower than the national median of 1.02%.
Median Luce County home value: $65,400
Median annual Luce County tax bill: $597, $1,803 lower than the national median property tax bill of $2,400.
How are property taxes in Luce County calculated?
Property taxes in Luce County are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Newberry or another part of Luce County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Luce County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.96%
Estimate Property Tax Bill
$628
$583
Property Tax Rates Across Luce County, Michigan
Local government entities are responsible for setting tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates its budgetary needs to provide essential services and divides that amount by the total value of all taxable properties within its jurisdiction. This calculation determines the property tax rate. Although votes and legal regulations play a role in establishing tax rates and budgets, this is the basic annual procedure.
In Luce County, Michigan, the effective property tax rate stands at 0.96%, which is slightly below the national median property tax rate of 1.02%. This places Luce County in a relatively favorable position when compared to the national average. Within Michigan, Mc Millan holds the highest median tax rate at 1.31%, while Newberry boasts the lowest at 0.93%.
Comparing these figures can provide valuable insights into the property tax landscape in Michigan and help property owners in Luce County understand how their tax obligations measure up against both state and national benchmarks.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Luce County Tax Rate
0.96%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Luce County, Michigan
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Mc Millan | 0.63% | 0.90% | 1.31% | 2.07% | 2.79% |
| Newberry | 0.55% | 0.70% | 0.93% | 1.45% | 1.90% |
Source: Ownwell
Property Tax Assessment Values Across Luce County, Michigan
When examining property taxes in Luce County, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Luce County Equalization Department estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
Assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Luce County.
For example, the median tax bill in Luce County is $599, with tax bills ranging significantly across the county. Mc Millan has the highest median home price at $91,500.
Median Luce County Market Value
$65,400
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Luce County, Michigan
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Mc Millan | $23,800 | $47,000 | $91,500 | $158,850 | $237,400 |
| Newberry | $13,000 | $31,600 | $58,000 | $93,400 | $136,080 |
Source: Ownwell
Property Tax Bills Across Luce County, Michigan
Median Luce County Tax Bill
$597
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Luce County, Michigan
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Mc Millan | $132 | $355 | $599 | $971 | $1,425 |
| Newberry | $205 | $359 | $597 | $955 | $1,486 |
Source: Ownwell