Menominee County, Michigan Property Taxes
The median property tax rate in Menominee is 0.31%, significantly lower than both the national median of 0.99% and Michigan's state median of 1.07%. With a median home value in Menominee at $92,200, the typical annual property tax bill is around $274, which is well below the national median of $2,690. Property taxes in Menominee are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Menominee's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you reside in Menominee or another part of the county, gaining comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Menominee County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.31%
Estimate Property Tax Bill
$286
$265
Ownwell’s Menominee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Menominee with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Menominee to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Menominee County, Michigan
Property taxes in Menominee County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Menominee County is 0.31%, which is significantly lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Menominee County set these rates annually, and they can vary significantly between different areas within the county. Each year, Menominee County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. Analyzing how Menominee County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Menominee County Tax Rate
0.31%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Menominee County, Michigan
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bark River | 0.14% | 0.20% | 0.26% | 0.34% | 0.39% |
| Carney | 0.16% | 0.22% | 0.30% | 0.38% | 0.43% |
| Cedar River | 0.18% | 0.26% | 0.36% | 0.45% | 0.53% |
| Daggett | 0.14% | 0.19% | 0.28% | 0.38% | 0.46% |
| Harris | 0.15% | 0.22% | 0.31% | 0.38% | 0.43% |
| Hermansville | 0.15% | 0.24% | 0.33% | 0.42% | 0.46% |
| Ingalls | 0.18% | 0.26% | 0.32% | 0.39% | 0.42% |
| Menominee | 0.20% | 0.25% | 0.32% | 0.38% | 0.44% |
| Nadeau | 0.17% | 0.26% | 0.36% | 0.40% | 0.43% |
| Perronville | 0.10% | 0.16% | 0.24% | 0.35% | 0.42% |
| Powers | 0.12% | 0.22% | 0.31% | 0.40% | 0.44% |
| Spalding | 0.13% | 0.23% | 0.31% | 0.39% | 0.44% |
| Stephenson | 0.12% | 0.19% | 0.30% | 0.40% | 0.45% |
| Vulcan | 0.16% | 0.22% | 0.33% | 0.48% | 0.57% |
| Wallace | 0.17% | 0.24% | 0.30% | 0.39% | 0.42% |
| Wilson | 0.16% | 0.22% | 0.31% | 0.38% | 0.44% |
Source: Ownwell
Property Tax Assessment Values Across Menominee County, Michigan
In Menominee County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Menominee County Appraisal District. The assessed value, however, 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. Assessment notices in Menominee County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Cedar River has the highest median tax bill at $359, while Nadeau has the lowest at $158. Being aware of these valuation processes in Menominee County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Menominee County, Michigan
Source: Ownwell
$51,400
$88,732
$126,064
Average Menominee County Assessed Value
$92,200
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Menominee County, Michigan
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bark River | $54,211 | $84,378 | $126,064 | $162,392 | $214,350 |
| Carney | $36,220 | $60,200 | $93,000 | $139,050 | $179,260 |
| Cedar River | $31,200 | $66,550 | $114,600 | $175,450 | $288,660 |
| Daggett | $24,040 | $53,800 | $88,600 | $141,200 | $198,880 |
| Harris | $43,242 | $56,418 | $91,600 | $122,115 | $201,665 |
| Hermansville | $34,000 | $53,800 | $76,800 | $118,450 | $157,900 |
| Ingalls | $28,920 | $50,800 | $81,600 | $124,800 | $173,320 |
| Menominee | $49,100 | $69,600 | $95,600 | $147,400 | $226,400 |
| Nadeau | $15,720 | $31,750 | $51,400 | $82,400 | $120,200 |
| Perronville | $42,870 | $57,600 | $79,076 | $108,200 | $153,632 |
| Powers | $25,800 | $56,600 | $91,400 | $136,400 | $189,400 |
| Spalding | $20,520 | $49,300 | $73,600 | $106,500 | $148,420 |
| Stephenson | $24,000 | $52,600 | $75,600 | $123,800 | $186,800 |
| Vulcan | $39,180 | $55,750 | $79,000 | $106,950 | $149,000 |
| Wallace | $47,580 | $80,250 | $125,700 | $170,400 | $226,800 |
| Wilson | $38,704 | $63,455 | $104,586 | $148,868 | $195,040 |
Source: Ownwell
Property Tax Bills Across Menominee County, Michigan
In Menominee County, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The county's median home price is $92,200, and property taxes are influenced by various factors, including local tax rates and specific property characteristics. Homeowners in Menominee County experience a range of tax bills. At the 25th percentile, the tax bill is approximately $164, while at the 75th percentile, it rises to about $436. The 90th percentile sees tax bills around $655. The city with the highest median tax bill in the county is Cedar River, where homeowners face a median tax bill of $359. Conversely, Nadeau has the lowest median tax bill at $158. These property tax rates can significantly impact homeowners, affecting their overall housing costs and financial planning. Compared to the national median property tax rate of 0.99%, Menominee County's property tax bills can vary widely, highlighting the importance of understanding local tax assessments and their implications.
Average Menominee County Tax Bill
$274
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Menominee County, Michigan
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bark River | $86 | $206 | $321 | $459 | $590 |
| Carney | $87 | $156 | $265 | $427 | $586 |
| Cedar River | $114 | $209 | $359 | $629 | $1,055 |
| Daggett | $62 | $126 | $242 | $396 | $563 |
| Harris | $105 | $131 | $241 | $389 | $568 |
| Hermansville | $71 | $145 | $244 | $391 | $556 |
| Ingalls | $68 | $152 | $245 | $370 | $513 |
| Menominee | $132 | $199 | $299 | $461 | $731 |
| Nadeau | $61 | $97 | $158 | $272 | $420 |
| Perronville | $59 | $107 | $207 | $307 | $455 |
| Powers | $61 | $117 | $262 | $432 | $610 |
| Spalding | $60 | $111 | $202 | $329 | $502 |
| Stephenson | $56 | $105 | $220 | $380 | $599 |
| Vulcan | $109 | $150 | $221 | $405 | $567 |
| Wallace | $125 | $225 | $352 | $527 | $729 |
| Wilson | $103 | $169 | $302 | $448 | $636 |
Source: Ownwell