Atlanta, Michigan Property Taxes
The median property tax rate in Atlanta, MI is 0.98%, slightly below both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $83,400 in Atlanta, the typical annual property tax bill is $692, which is significantly lower than the national median of $2,690. Property taxes in Atlanta are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Atlanta'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 Atlanta or another part of Montmorency County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Atlanta, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$817
$758
Ownwell’s Atlanta Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Atlanta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Atlanta to provide an estimate of 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 Atlanta, Michigan
Property taxes in Atlanta, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Atlanta is 0.98%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Atlanta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Atlanta 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 Atlanta's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49709 zip code in Montmorency County has the highest and lowest median property tax rate of 0.98%. Understanding how these cities compare with Atlanta provides valuable insights into the varying tax landscape across Montmorency County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Atlanta Tax Rate
0.98%
Average Montmorency County Tax Rate
0.88%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Atlanta, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49709 | 0.49% | 0.56% | 0.98% | 1.31% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Atlanta, Michigan
In Atlanta, 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 Montmorency 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 Atlanta, 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. For instance, in Atlanta, the median home price is $83,400, with tax bills ranging from $403 at the 25th percentile to $1,677 at the 90th percentile. The highest and lowest median tax bills are both $692, found in the 49709 zip code. Being aware of these valuation processes in Atlanta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Atlanta Assessed Value
$83,400
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 Atlanta, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49709 | $25,000 | $47,000 | $83,400 | $130,800 | $193,700 |
Source: Ownwell
Property Tax Bills Across Atlanta, Michigan
In Atlanta, property tax bills are calculated based on the assessed value of a home, which is determined by the Montmorency County assessor. This assessed value is a percentage of the property's market value. The local tax rate, applied to the assessed value, determines the annual property tax bill. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. For a median home price of $83,400, homeowners in Atlanta can expect varying tax bills. The 25th percentile tax bill is around $403, while the 75th percentile reaches $1,129, and the 90th percentile goes up to $1,677. These figures indicate that property tax bills can significantly vary within the city, affecting homeowners differently based on their property’s assessed value and the applicable tax rate. Compared to the national median property tax rate of 0.99%, Atlanta's property tax rates provide a range of financial impacts, highlighting the importance of understanding local property tax assessments and their implications for homeowners.
Average Atlanta Tax Bill
$692
Average Montmorency County Tax Bill
$728
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Atlanta, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49709 | $225 | $403 | $692 | $1,129 | $1,677 |
Source: Ownwell