Filer City, Michigan Property Taxes
The median property tax rate in Filer City, MI is 0.91%, which is lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Filer City at $75,800, the typical annual property tax bill is $708, significantly below the national median of $2,690. Property taxes in Filer City are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Filer City'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 Filer City 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
Filer City, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$690
Ownwell’s Filer City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Filer City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Filer City 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 Filer City, Michigan
Property taxes in Filer City, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Filer City is 0.91%, slightly lower than the U.S. national median of 0.99%. Local government entities within Filer City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Filer City 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 Filer City's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49634 zip code has the highest median property tax rate of 0.91%, while the same 49634 zip code also has the lowest median tax rate of 0.91%. Understanding how these cities compare with Filer City 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 Filer City Tax Rate
0.91%
Average Manistee County Tax Rate
1.18%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Filer City, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49634 | 0.75% | 0.81% | 0.91% | 1.12% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Filer City, Michigan
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Filer City, 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 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 Filer City, 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 Filer City is $75,800, with tax bills ranging from $574 at the 25th percentile to $1,006 at the 90th percentile. The highest and lowest median tax bills are both $708, found in the 49634 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 their tax burden.
Average Filer City Assessed Value
$75,800
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 Filer City, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49634 | $48,840 | $68,200 | $75,800 | $82,500 | $93,280 |
Source: Ownwell
Property Tax Bills Across Filer City, Michigan
In Filer City, located in Manistee County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. In this region, the median home price stands at $75,800. Homeowners can expect tax bills that vary depending on their property's assessed value, with the 25th percentile tax bill at $574, and the 75th percentile at $840. The highest median tax bill in the area is $708, which is consistent across the zip code 49634. These property tax bills impact homeowners significantly, as they are a recurring expense that must be budgeted for annually. Compared to the national median property tax rate of 0.99%, the tax rates in Filer City may offer some relief to homeowners, but the exact tax burden will depend on individual property assessments and local tax rates. Understanding these factors is crucial for homeowners to manage their finances effectively.
Average Filer City Tax Bill
$708
Average Manistee County Tax Bill
$1,612
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Filer City, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49634 | $388 | $574 | $708 | $840 | $1,006 |
Source: Ownwell