Rockland, Michigan Property Taxes
The median property tax rate in Rockland, MI is 0.89%, slightly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Rockland at $44,260, the typical annual property tax bill is $338, significantly below the national median of $2,690. Property taxes in Rockland 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 Rockland'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 Rockland 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
Rockland, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$394
Ownwell’s Rockland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rockland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rockland 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 Rockland, Michigan
Property taxes in Rockland, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rockland is 1.48%, significantly higher than both the Michigan state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Rockland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rockland 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 Rockland's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49960 zip code has the highest median property tax rate of 1.48%, while the 49960 zip code has the lowest median tax rate of 1.48%. Understanding how these cities compare with Rockland provides valuable insights into the varying tax landscape across Ontonagon, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rockland Tax Rate
0.89%
Average Ontonagon County Tax Rate
0.86%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rockland, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49960 | 0.50% | 0.56% | 0.89% | 1.28% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Rockland, Michigan
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Rockland, 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 Ontonagon 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 Rockland, 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Rockland, the median home price is $44,260, with tax bills ranging widely. The 25th percentile tax bill is $208, while the 75th percentile tax bill is $623, and the 90th percentile tax bill is $905. The highest and lowest median tax bills are both $338 in the zip code 49960. This awareness can help residents make informed decisions about their property taxes.
Average Rockland Assessed Value
$44,260
Average Ontonagon County Assessed Value
$68,300
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rockland, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49960 | $10,282 | $22,010 | $44,260 | $65,835 | $100,724 |
Source: Ownwell
Property Tax Bills Across Rockland, Michigan
In Rockland, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. For homeowners, this means that fluctuations in the real estate market can directly impact their tax bills. In Rockland, the median home price is $44,260. Property taxes here are influenced by factors such as property size, location, and any improvements made to the home. The tax bill for the 25th percentile is around $208, while for the 75th percentile, it is approximately $623. Those in the 90th percentile can expect a tax bill of about $905. Comparatively, Rockland's property tax rate can be placed against the national median property tax rate of 0.99%. This means homeowners in Rockland may experience lower or higher tax bills depending on where their property falls within the assessed value spectrum. Such variability underscores the importance of understanding how local property assessments and market conditions affect annual tax obligations.
Average Rockland Tax Bill
$338
Average Ontonagon County Tax Bill
$577
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Rockland, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49960 | $93 | $208 | $338 | $623 | $905 |
Source: Ownwell