Presque Isle County, Michigan Property Taxes
The median property tax rate in Presque Isle County is 0.48%, which is significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Presque Isle County, the typical annual property tax bill reaches $633, much lower than the national median of $2,690. Property taxes in Presque Isle 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 Presque Isle 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 Rogers City or another part of Presque Isle County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Presque Isle County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$539
$500
Ownwell’s Presque Isle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Presque Isle with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Presque Isle 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 Presque Isle County, Michigan
Property taxes in Presque Isle County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Presque Isle County is 0.48%, which is lower than the U.S. national median of 0.99%. Local government entities within Presque Isle County set these rates annually, and they can vary significantly between different areas within the county. Each year, the 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 Rogers City has one of the higher property tax rates in Michigan at 0.92%, while the city of Onaway boasts one of the lowest at 0.44%. Analyzing how Presque Isle County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Presque Isle County Tax Rate
0.48%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Presque Isle County, Michigan
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alpena | 0.36% | 0.41% | 0.49% | 0.55% | 0.59% |
| Cheboygan | N/A | N/A | N/A | N/A | N/A |
| Flat Rock | N/A | N/A | N/A | N/A | N/A |
| Hawks | 0.32% | 0.37% | 0.45% | 0.52% | 0.58% |
| Hillman | 0.38% | 0.41% | 0.50% | 0.55% | 0.64% |
| Millersburg | 0.34% | 0.40% | 0.45% | 0.50% | 0.56% |
| Onaway | 0.33% | 0.39% | 0.44% | 0.49% | 0.56% |
| Posen | 0.40% | 0.46% | 0.50% | 0.65% | 1.08% |
| Presque Isle | 0.40% | 0.45% | 0.51% | 0.59% | 1.26% |
| Rogers City | 0.39% | 0.44% | 0.92% | 1.19% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Presque Isle County, Michigan
In Presque Isle, 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 Presque Isle 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 Presque Isle 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. Alpena has the highest median tax bill at $960, while Cheboygan has the lowest at $276. Being aware of these valuation processes in Presque Isle will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Presque Isle County, Michigan
Source: Ownwell
$95,400
$145,400
$195,400
Average Presque Isle County Assessed Value
$112,200
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Presque Isle County, Michigan
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alpena | $58,760 | $113,250 | $195,400 | $281,850 | $391,240 |
| Cheboygan | N/A | N/A | N/A | N/A | N/A |
| Flat Rock | N/A | N/A | N/A | N/A | N/A |
| Hawks | $46,600 | $73,200 | $108,400 | $152,800 | $207,000 |
| Hillman | $59,800 | $84,500 | $117,200 | $207,000 | $262,200 |
| Millersburg | $36,520 | $66,000 | $109,000 | $180,000 | $278,360 |
| Onaway | $27,200 | $49,000 | $95,600 | $148,200 | $225,080 |
| Posen | $34,600 | $65,200 | $95,400 | $133,800 | $181,720 |
| Presque Isle | $71,200 | $109,000 | $166,800 | $251,800 | $357,960 |
| Rogers City | $51,600 | $69,800 | $96,800 | $141,450 | $220,800 |
Source: Ownwell
Property Tax Bills Across Presque Isle County, Michigan
In Presque Isle County, MI, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. This assessed value is typically a percentage of the property’s market value. Homeowners in Presque Isle County see property tax bills that vary significantly, with the 25th percentile paying around $360 and the 75th percentile paying approximately $1,045 annually. At the higher end, the 90th percentile tax bill reaches up to $1,575. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. For instance, cities within the county like Alpena have the highest median tax bill at $960, while Cheboygan has the lowest at $276. Compared to the national median property tax rate of 0.99%, Presque Isle County's tax rates can be more or less burdensome depending on the specific property and its assessed value. These variations directly impact homeowners, affecting their annual financial planning and long-term investment in their property.
Average Presque Isle County Tax Bill
$633
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Presque Isle County, Michigan
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alpena | $287 | $530 | $960 | $1,421 | $2,101 |
| Cheboygan | N/A | N/A | N/A | N/A | N/A |
| Flat Rock | N/A | N/A | N/A | N/A | N/A |
| Hawks | $198 | $308 | $481 | $688 | $985 |
| Hillman | $301 | $377 | $680 | $1,329 | $1,559 |
| Millersburg | $155 | $290 | $485 | $814 | $1,284 |
| Onaway | $118 | $208 | $394 | $668 | $1,024 |
| Posen | $184 | $343 | $527 | $772 | $1,233 |
| Presque Isle | $365 | $574 | $931 | $1,457 | $2,236 |
| Rogers City | $292 | $518 | $836 | $1,167 | $1,586 |
Source: Ownwell