Hawks, Michigan Property Taxes
The median property tax rate in Hawks, MI is 0.45%, considerably lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Hawks, the typical annual property tax bill reaches $481, significantly below the national median of $2,690. Property taxes in Hawks are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hawks' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Hawks 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
Hawks, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.45%
Estimate Property Tax Bill
$488
$453
Ownwell’s Hawks Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hawks with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hawks to provide an estimated property tax bill. This user-friendly tool helps you gain insight into potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county, is crucial for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Hawks, Michigan
Property taxes in Hawks, Michigan, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Hawks is 0.45%, which is lower than the U.S. national median of 0.99%. Local government entities within Hawks set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hawks 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 Hawks' effective property tax rate to other areas in Presque Isle County and the national median. For comparison, the 49743 zip code has the highest median property tax rate of 0.45%, while the same zip code also has the lowest median tax rate of 0.45%. Understanding how these areas compare with Hawks provides valuable insights into the varying tax landscape across Presque Isle County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hawks Tax Rate
0.45%
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 Hawks, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49743 | 0.32% | 0.37% | 0.45% | 0.52% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Hawks, Michigan
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hawks, 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 Presque Isle 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 Hawks, 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. With a median home price of $108,400, Hawks residents see varying tax bills, with the 25th percentile at $308 and the 90th percentile at $985. The zip code with both the highest and lowest median tax bill is 49743, at $481. Awareness of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hawks Assessed Value
$108,400
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 Hawks, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49743 | $46,600 | $73,200 | $108,400 | $152,800 | $207,000 |
Source: Ownwell
Property Tax Bills Across Hawks, Michigan
In Hawks, located in Presque Isle County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is typically a percentage of the property's market value. For example, with a median home price of $108,400, the tax bill can vary significantly. The 25th percentile tax bill is around $308, indicating that lower-valued homes pay less, while the 75th percentile tax bill is $688, and the 90th percentile tax bill reaches $985, reflecting higher property values. These figures show a range of property tax burdens among homeowners in Hawks. The property tax rate in Presque Isle County is influenced by various factors, including local government budgets, school funding requirements, and public service needs. Compared to the national median property tax rate of 0.99%, the tax bills in Hawks are relatively moderate. This variability in tax bills directly affects homeowners' financial planning and the affordability of maintaining their homes.
Average Hawks Tax Bill
$481
Average Presque Isle County Tax Bill
$633
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Hawks, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49743 | $198 | $308 | $481 | $688 | $985 |
Source: Ownwell