Pickford, Michigan Property Taxes
The median property tax rate in Pickford, MI is 0.37%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Pickford, the typical annual property tax bill is $402, well below the national median of $2,690. Property taxes in Pickford are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pickford'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 Pickford 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
Pickford, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.37%
Estimate Property Tax Bill
$406
Ownwell’s Pickford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pickford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pickford 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 Pickford, Michigan
Property taxes in Pickford, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pickford is 0.37%, significantly lower than the U.S. national median of 0.99%. Local government entities within Pickford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pickford 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 Pickford's effective property tax rate to other counties in Michigan and the national median. For comparison, the highest median property tax rate in Michigan is in 48103 with a rate of 2.14%, while the lowest median tax rate is in 49673 at 0.18%. Understanding how these cities compare with Pickford 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 Pickford Tax Rate
0.37%
Average Mackinac County Tax Rate
0.81%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pickford, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49774 | 0.23% | 0.30% | 0.37% | 0.40% | 0.45% |
Source: Ownwell
Property Tax Assessment Values Across Pickford, Michigan
In Pickford, 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 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 Pickford, 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. The median home price in Pickford is $109,600, with the 25th percentile tax bill at $217 and the 75th percentile at $579. 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 Pickford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pickford Assessed Value
$109,600
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 Pickford, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49774 | $46,200 | $68,100 | $109,600 | $161,300 | $218,600 |
Source: Ownwell
Property Tax Bills Across Pickford, Michigan
Property tax bills in Pickford, located in Mackinac County, MI, are calculated based on the assessed value of a property, which is determined by local assessors. This assessed value is typically a percentage of the market value of the home. In Pickford, the median home price is $109,600. The property tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property’s location, size, and condition, as well as any applicable exemptions or deductions. For instance, the 25th percentile tax bill in Pickford is $217, while the 75th percentile is $579, and the 90th percentile reaches $849. Comparatively, the national median property tax rate is 0.99%, which helps put Pickford’s rates into perspective. For homeowners, understanding these factors is crucial as property taxes contribute significantly to annual expenses, impacting overall affordability and budgeting.
Average Pickford Tax Bill
$402
Average Mackinac County Tax Bill
$942
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Pickford, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49774 | $138 | $217 | $402 | $579 | $849 |
Source: Ownwell