Montmorency County, Michigan Property Taxes
The median property tax rate in Montmorency County is 0.88%, 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 Montmorency County at $94,600, the typical annual property tax bill is $728, significantly below the national median of $2,690. Property taxes in Montmorency County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Montmorency County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Atlanta or another part of Montmorency County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Montmorency County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$832
$773
Ownwell’s Montmorency Property Tax Bill Calculator assists homeowners, real estate investors, and potential owners in estimating their annual property taxes in Montmorency with just two data points. By entering your property's estimated assessed value, our calculator uses the median tax rate in Montmorency to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, ensuring you're well-prepared. For more localized information, navigate to our city-level trends page below. Your property’s assessed value, determined by the county, is used for property tax calculations and considers any exemptions you may have.
Property Tax Rates Across Montmorency County, Michigan
Property taxes in Montmorency County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Montmorency County is 0.88%, which is lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Montmorency County set these rates annually, and they can vary significantly between different areas within the county. Each year, Montmorency 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. For comparison, the city of Comins has one of the higher property tax rates in Michigan at 1.03%, while the city of Hillman boasts one of the lowest at 0.65%. Analyzing how Montmorency County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Montmorency County Tax Rate
0.88%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Montmorency County, Michigan
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Atlanta | 0.49% | 0.56% | 0.98% | 1.31% | 1.47% |
| Comins | 0.48% | 0.69% | 1.03% | 1.37% | 1.65% |
| Hillman | 0.40% | 0.48% | 0.65% | 1.18% | 1.44% |
| Johannesburg | 0.46% | 0.53% | 0.90% | 1.27% | 1.55% |
| Lewiston | 0.45% | 0.50% | 0.92% | 1.18% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Montmorency County, Michigan
In Montmorency 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 Montmorency 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 Montmorency 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. In Montmorency County, Lewiston has the highest median tax bill at $894, while Comins has the lowest at $614. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Montmorency County, Michigan
Source: Ownwell
$66,000
$91,300
$116,600
Average Montmorency County Assessed Value
$94,600
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Montmorency County, Michigan
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Atlanta | $25,000 | $47,000 | $83,400 | $130,800 | $193,700 |
| Comins | $25,000 | $28,300 | $66,000 | $118,400 | $195,680 |
| Hillman | $28,400 | $54,500 | $98,400 | $165,200 | $266,000 |
| Johannesburg | $18,520 | $42,050 | $82,400 | $140,050 | $195,140 |
| Lewiston | $36,200 | $69,200 | $116,600 | $191,400 | $321,200 |
Source: Ownwell
Property Tax Bills Across Montmorency County, Michigan
In Montmorency County, MI, property tax bills are determined by assessing the market value of a property and then applying the local tax rate. The median property tax rate in Montmorency County is 0.94%, which is slightly below the national median of 0.99%. Factors such as property location, size, and improvements can influence the assessed value, which in turn impacts the tax bill. For example, in Lewiston, the highest median tax bill is $894, whereas in Comins, the lowest median tax bill is $614. Homeowners in Montmorency County can expect to pay a tax bill that ranges widely. The 25th percentile tax bill is around $420, while the 75th percentile reaches $1,233, and the 90th percentile can go up to $2,039. These variations reflect differences in property values and local tax levies, affecting how much homeowners owe annually. Understanding these factors can help homeowners better anticipate their property tax obligations and plan their finances accordingly.
Average Montmorency County Tax Bill
$728
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Montmorency County, Michigan
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Atlanta | $225 | $403 | $692 | $1,129 | $1,677 |
| Comins | $187 | $393 | $614 | $998 | $1,775 |
| Hillman | $213 | $381 | $667 | $1,174 | $2,106 |
| Johannesburg | $167 | $334 | $655 | $1,040 | $1,573 |
| Lewiston | $300 | $533 | $894 | $1,537 | $2,862 |
Source: Ownwell