Saint Ignace, Michigan Property Taxes
The median property tax rate in Saint Ignace, MI is 0.90%, slightly below the national median of 0.99% and significantly lower than the Michigan state median of 1.07%. With a median home value of $137,200 in Saint Ignace, the typical annual property tax bill is $1,128, which is below the national median of $2,690. Property taxes in Saint Ignace are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Saint Ignace'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 Saint Ignace 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
Saint Ignace, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$1,235
Ownwell’s Saint Ignace Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Ignace with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Ignace 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 Saint Ignace, Michigan
Property taxes in Saint Ignace, Michigan, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Ignace is 0.90%, slightly below the U.S. national median of 0.99%. Local government entities within Saint Ignace set these rates annually, and they can vary across different neighborhoods. Each year, Saint Ignace 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 Saint Ignace's effective property tax rate to other areas in Michigan and the national median. For comparison, the 49781 zip code has the highest median property tax rate of 0.90%, while the same zip code also has the lowest median tax rate of 0.90%. Understanding how these figures compare with Saint Ignace 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 Saint Ignace Tax Rate
0.90%
Average Mackinac County Tax Rate
0.81%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Ignace, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49781 | 0.43% | 0.54% | 0.90% | 1.09% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Saint Ignace, Michigan
In Saint Ignace, 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 Saint Ignace, 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 Saint Ignace helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $137,200, with tax bills ranging from $680 at the 25th percentile to $2,410 at the 90th percentile. The zip code 49781 has both the highest and lowest median tax bill at $1,128.
Average Saint Ignace Assessed Value
$137,200
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 Saint Ignace, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49781 | $55,280 | $92,800 | $137,200 | $192,600 | $290,440 |
Source: Ownwell
Property Tax Bills Across Saint Ignace, Michigan
In Saint Ignace, located in Mackinac County, MI, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by local assessors who estimate the market value of your property and then apply an assessment ratio. Once the assessed value is established, local tax rates, known as millage rates, are applied to calculate the annual tax bill. For example, with a median home price of $137,200, homeowners in Saint Ignace can expect their property tax bills to vary widely. The 25th percentile tax bill is around $680, while the 75th percentile reaches $1,751. At the higher end, the 90th percentile tax bill can go up to $2,410. These figures illustrate how property taxes can significantly impact homeowners, depending on the assessed value and the specific tax rates applied. The median property tax rate in Saint Ignace is comparable to the national median of 0.99%, ensuring that local tax bills are in line with what homeowners might expect across the country. This system ensures that property taxes are fairly distributed based on property values, supporting essential community services.
Average Saint Ignace Tax Bill
$1,128
Average Mackinac County Tax Bill
$942
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Ignace, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49781 | $401 | $680 | $1,128 | $1,751 | $2,410 |
Source: Ownwell