Arcadia, Michigan Property Taxes
The median property tax rate in Arcadia, MI is 1.12%, higher than both the national median of 0.99% and Michigan's state median of 1.07%. With the median home value in Arcadia at $221,800, the typical annual property tax bill reaches $2,446, just below the national median of $2,690. Property taxes in Arcadia 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 Arcadia'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 Arcadia 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
Arcadia, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$2,484
Ownwell’s Arcadia Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Arcadia with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Arcadia to provide an estimate of your property tax bill. This valuable tool aids in understanding potential tax liabilities. For those interested in more detailed insights, scroll down for neighborhood-level trends. Your property's assessed value is determined by the county for property tax purposes and includes any applicable exemptions.
Property Tax Rates Across Arcadia, Michigan
Property taxes in Arcadia, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arcadia is 1.12%, higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Arcadia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arcadia 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 Arcadia's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49613 zip code has the highest median property tax rate of 1.12%, while the 49613 zip code also has the lowest median tax rate of 1.12%. Understanding how these cities compare with Arcadia provides valuable insights into the varying tax landscape across Manistee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arcadia Tax Rate
1.12%
Average Manistee County Tax Rate
1.18%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arcadia, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49613 | 0.68% | 0.84% | 1.12% | 1.53% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Arcadia, Michigan
In Arcadia, 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 Manistee 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 Arcadia, 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. For instance, the median home price in Arcadia is $221,800, with tax bills ranging from $1,551 at the 25th percentile to $8,176 at the 90th percentile. The highest and lowest median tax bills are both $2,446, found in the 49613 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Arcadia Assessed Value
$221,800
Average Manistee County Assessed Value
$141,200
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arcadia, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49613 | $100,100 | $135,350 | $221,800 | $447,450 | $650,920 |
Source: Ownwell
Property Tax Bills Across Arcadia, Michigan
In Arcadia, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is often a percentage of the market value of the property. For example, if the median home price in Arcadia is $221,800, the assessed value would be a portion of this amount. The property tax rate is then applied to the assessed value to determine the annual tax bill. Several factors influence the final tax bill, including local tax rates and any applicable exemptions or deductions. In Arcadia, tax bills can vary significantly; the 25th percentile tax bill is $1,551, while the 75th percentile reaches $4,833, and the 90th percentile goes up to $8,176. These variations can affect homeowners differently, depending on their property's assessed value and eligibility for exemptions. Compared to the national median property tax rate of 0.99%, Arcadia's rates can be relatively high, impacting the overall cost of homeownership in the area.
Average Arcadia Tax Bill
$2,446
Average Manistee County Tax Bill
$1,612
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Arcadia, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49613 | $1,052 | $1,551 | $2,446 | $4,833 | $8,176 |
Source: Ownwell