Naubinway, Michigan Property Taxes
The median property tax rate in Naubinway, MI is 1.04%, slightly higher than the national median of 0.99% but below the Michigan state median of 1.07%. With a median home value of $80,365 in Naubinway, the typical annual property tax bill is $704, considerably lower than the national median of $2,690. Property taxes in Naubinway are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Naubinway'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 Naubinway or another part of Mackinac County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Naubinway, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$836
Ownwell’s Naubinway Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Naubinway with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Naubinway 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 Naubinway, Michigan
Property taxes in Naubinway, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Naubinway is 1.04%, which is higher than the U.S. national median of 0.99%. Local government entities within Naubinway set these rates annually, and they can vary significantly across different neighborhoods. Each year, Naubinway 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 Naubinway's effective property tax rate to other regions and the national median. For comparison, the zip code 49762 has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these figures compare with Naubinway provides valuable insights into the varying tax landscape across Mackinac County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Naubinway Tax Rate
1.04%
Average Mackinac County Tax Rate
0.81%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Naubinway, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49762 | 0.38% | 0.66% | 1.04% | 1.62% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Naubinway, Michigan
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Naubinway, Michigan. 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 Mackinac 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 Naubinway, 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 Naubinway helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 49762 has both the highest and lowest median tax bill at $704.
Average Naubinway Assessed Value
$80,365
Average Mackinac County Assessed Value
$123,200
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Naubinway, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49762 | $17,152 | $39,564 | $80,365 | $144,912 | $234,640 |
Source: Ownwell
Property Tax Bills Across Naubinway, Michigan
In Naubinway, located in Mackinac County, MI, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For homeowners in Naubinway, the median home price is $80,365, and property tax bills can vary significantly. For instance, homeowners in the 25th percentile pay around $283 annually, while those in the 75th percentile face a tax bill of approximately $1,677. At the 90th percentile, the tax bill can reach up to $3,003. Comparatively, the median property tax rate in Naubinway is notably lower than the national median of 0.99%. This variation in tax bills impacts homeowners differently, with those owning higher-valued properties bearing a larger tax burden. Understanding these factors helps homeowners anticipate their annual expenses and plan their budgets accordingly.
Average Naubinway Tax Bill
$704
Average Mackinac County Tax Bill
$942
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Naubinway, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49762 | $148 | $283 | $704 | $1,677 | $3,003 |
Source: Ownwell