Oscoda County, Michigan Property Taxes
The median property tax rate in Oscoda County is 0.74%, which is significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $55,600, the typical annual property tax bill in Oscoda County is $412, far below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is generally lower than the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Oscoda 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 a city like Mio or another part of Oscoda County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Oscoda County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$411
$382
Ownwell’s Oscoda County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Oscoda County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Oscoda County to estimate your property tax bill. This insight 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 Oscoda County, Michigan
Property taxes in Oscoda play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Oscoda is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Oscoda set these rates annually, and they can vary significantly between different areas within the county. Each year, Oscoda 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. The following data compares Oscoda's effective property tax rate with other counties and the national median. For comparison, the city of Rose City has one of the higher property tax rates in Michigan at 1.21%, while the city of Comins boasts one of the lowest at 0.43%. Analyzing how Oscoda's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Oscoda County Tax Rate
0.74%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oscoda County, Michigan
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Comins | 0.27% | 0.38% | 0.43% | 0.55% | 0.60% |
| Curran | 0.30% | 0.38% | 0.44% | 0.50% | 0.54% |
| Fairview | 0.34% | 0.39% | 0.45% | 0.51% | 0.60% |
| Lewiston | 0.45% | 0.60% | 0.95% | 1.41% | 1.64% |
| Luzerne | 0.49% | 0.60% | 1.07% | 1.37% | 1.54% |
| Mio | 0.45% | 0.54% | 0.79% | 1.31% | 1.47% |
| Rose City | 0.55% | 0.67% | 1.21% | 1.38% | 1.52% |
| South Branch | 0.40% | 0.44% | 0.50% | 1.11% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Oscoda County, Michigan
In Oscoda, 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 Oscoda 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 Oscoda 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, the city with the highest median tax bill is Rose City at $555.00, while Curran has the lowest median tax bill at $254.00. Being aware of these valuation processes in Oscoda will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Oscoda County Assessed Value
$55,600
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Oscoda County, Michigan
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Comins | $7,000 | $23,200 | $62,700 | $117,200 | $204,600 |
| Curran | $15,940 | $31,900 | $58,200 | $152,800 | $316,640 |
| Fairview | $21,280 | $58,000 | $97,200 | $160,800 | $217,120 |
| Lewiston | $4,584 | $5,978 | $29,890 | $105,216 | $191,420 |
| Luzerne | $7,000 | $24,500 | $52,400 | $97,300 | $161,800 |
| Mio | $14,600 | $32,200 | $62,000 | $111,200 | $171,860 |
| Rose City | $6,000 | $26,000 | $57,000 | $111,200 | $165,480 |
| South Branch | $29,360 | $52,400 | $75,600 | $124,200 | $209,760 |
Source: Ownwell
Property Tax Bills Across Oscoda County, Michigan
In Oscoda County, MI, property tax bills are calculated based on the assessed value of a home, which is typically 50% of its market value. For example, with a median home price of $55,600, the assessed value would be around $27,800. The county then applies the local tax rate to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the specific tax rate set by local taxing authorities and any applicable exemptions or deductions. Homeowners in Oscoda County see a wide range of tax bills, with the 25th percentile at $148 and the 75th percentile at $810, indicating significant variability based on property values and exemptions. The highest median tax bill in the county is found in Rose City at $555, while the lowest is in Curran at $254. These property taxes impact homeowners by contributing to local services such as schools, infrastructure, and public safety, making it essential for homeowners to understand their tax assessments and potential exemptions to manage their financial responsibilities effectively.
Average Oscoda County Tax Bill
$412
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Oscoda County, Michigan
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Comins | $22 | $107 | $263 | $495 | $856 |
| Curran | $63 | $134 | $254 | $548 | $1,349 |
| Fairview | $124 | $268 | $437 | $707 | $1,060 |
| Lewiston | $36 | $69 | $255 | $829 | $1,761 |
| Luzerne | $77 | $230 | $451 | $831 | $1,445 |
| Mio | $124 | $286 | $510 | $845 | $1,357 |
| Rose City | $70 | $293 | $555 | $976 | $1,730 |
| South Branch | $202 | $286 | $461 | $938 | $1,581 |
Source: Ownwell