Bois Blanc Island, Mackinac County, Michigan Property Taxes

Name: Property Tax Bills Across Bois Blanc Island, Mackinac County, Michigan
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Bois Blanc Island, MI effective property tax rate: 0.37%, significantly lower than the national median of 1.02%, and also lower than the Michigan state median of 1.07%.
Median Bois Blanc Island, MI home value: $4,700
Median annual Bois Blanc Island, MI tax bill: $15, $2,385 lower than the national median property tax bill of $2,400.

How are property taxes in Mackinac County calculated?

Property taxes in Bois Blanc Island, MI 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 Bois Blanc Island’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bois Blanc Island, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Bois Blanc Island, Mackinac County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.37%

Estimate Property Tax Bill

$17

$16

Ownwell’s Bois Blanc Island Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bois Blanc Island with just two data points. By entering your property's estimated assessed value, our calculator applies Bois Blanc Island’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Mackinac. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Bois Blanc Island, Mackinac County, Michigan

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare BOIS BLANC ISLAND’s effective property tax rate to other cities in MI and the median property tax rates in MI and the U.S. With a median property tax rate of 0.37%, property owners in BOIS BLANC ISLAND enjoy significantly lower rates compared to the national median of 1.02%. This lower tax rate can mean substantial savings for homeowners, making it an attractive location for property investment. It's essential to stay informed about property tax rates and potential savings, as they can have a significant impact on your overall financial planning.

Property Tax Rates Across Bois Blanc Island, Mackinac County, Michigan

Source: Ownwell

0.37%

0.81%

1.25%

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 Bois Blanc Island Tax Rate

0.37%

Median Effective Mackinac County Tax Rate

0.81%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bois Blanc Island, Mackinac County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49775	0.21%	0.24%	0.37%	0.42%	0.52%

Source: Ownwell

Property Tax Assessment Values Across Bois Blanc Island, Mackinac County, Michigan

When examining property taxes in Bois Blanc Island, MI, 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 Mackinac County appraisal district 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.

In Mackinac County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Bois Blanc Island. For example, the median home price in Bois Blanc Island is $4,700, with tax bills ranging significantly across the county. Zip code 49775 has the highest median home price at $4,700.

Property Tax Assessment Values Across Bois Blanc Island, Mackinac County, Michigan

Source: Ownwell

$4,700

$224,750

$444,800

Median Bois Blanc Island Market Value

$4,700

Median Mackinac County Market Value

$123,200

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bois Blanc Island, Mackinac County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49775	$1,300	$2,400	$4,700	$12,600	$36,400

Source: Ownwell

Property Tax Bills Across Bois Blanc Island, Mackinac County, Michigan

In Bois Blanc Island, Mackinac County, MI, property tax bills are determined by applying the local tax rate to the assessed value of a property. The assessed value is typically a percentage of the property's market value, which is influenced by factors like location, size, and condition. The median property tax bill in the area is significantly lower than the national median of $2,400, with many homeowners paying between $8 and $41, and only a few reaching up to $135. This disparity can be attributed to the lower median home price of $4,700 in the region. Despite the lower tax bills, homeowners may still find themselves overpaying due to errors or outdated assessments. Ownwell assists homeowners in Bois Blanc Island by reviewing their property assessments and identifying discrepancies that could lead to tax savings. By filing appeals and ensuring accurate valuations, Ownwell helps clients reduce their property tax burdens, ensuring they only pay their fair share.

Property Tax Bills Across Bois Blanc Island, Mackinac County, Michigan

Source: Ownwell

$15

$1,849

$3,682

Median Bois Blanc Island Tax Bill

$15

Median Mackinac County Tax Bill

$942

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Bois Blanc Island, Mackinac County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49775	$4	$8	$15	$41	$135

Source: Ownwell