Perronville, Michigan Property Taxes
The median property tax rate in Perronville, MI is 0.24%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Perronville, the typical annual property tax bill amounts to $207, far below the national median of $2,690. Property taxes in Perronville are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Perronville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Perronville or another part of Menominee County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Perronville, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.24%
Estimate Property Tax Bill
$190
Ownwell’s Perronville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Perronville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Perronville 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 Perronville, Michigan
Property taxes in Perronville, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Perronville is 0.24%, significantly lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Perronville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Perronville 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 Perronville's effective property tax rate to other counties in Michigan and the national median. For comparison, the highest median property tax rate in the county is 0.64%, while the lowest median tax rate is 0.24%. Understanding how these cities compare with Perronville provides valuable insights into the varying tax landscape across Menominee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Perronville Tax Rate
0.24%
Average Menominee County Tax Rate
0.31%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Perronville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49873 | 0.10% | 0.16% | 0.24% | 0.35% | 0.42% |
Source: Ownwell
Property Tax Assessment Values Across Perronville, Michigan
In Perronville, 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 Menominee 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 Perronville, 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 Perronville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Perronville is $207 in the 49873 zip code, while the lowest median tax bill is also $207 in the same zip code.
Average Perronville Assessed Value
$79,076
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 Perronville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49873 | $42,870 | $57,600 | $79,076 | $108,200 | $153,632 |
Source: Ownwell
Property Tax Bills Across Perronville, Michigan
In Perronville, Menominee County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is typically a percentage of the market value of the property. For instance, the median home price in Perronville is $79,076. Tax bills can vary significantly within the area. For example, the tax bill at the 25th percentile is $107, while at the 75th percentile, it rises to $307, and at the 90th percentile, it reaches $455. These figures highlight the range of tax obligations homeowners might face. The highest and lowest median tax bills both stand at $207, indicating some consistency in certain areas of Perronville. Compared to the national median property tax rate of 0.99%, Perronville's rates tend to be lower, making it a more affordable place for homeowners in terms of property taxes. Understanding these factors helps homeowners anticipate their tax bills and manage their finances more effectively.
Average Perronville Tax Bill
$207
Average Menominee County Tax Bill
$274
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Perronville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49873 | $59 | $107 | $207 | $307 | $455 |
Source: Ownwell