Millersburg, Michigan Property Taxes
The median property tax rate in Millersburg, MI is 0.45%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Millersburg being $109,000, the typical annual property tax bill amounts to $485, well below the national median of $2,690. Property taxes in Millersburg are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Millersburg'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 Millersburg 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
Millersburg, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.45%
Estimate Property Tax Bill
$491
Ownwell’s Millersburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Millersburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Millersburg 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 Millersburg, Michigan
Property taxes in Millersburg, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Millersburg is 0.45%, which is lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Millersburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Millersburg 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 Millersburg's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49759 zip code has the highest median property tax rate of 0.45%, while the 49759 zip code also has the lowest median tax rate of 0.45%. Understanding how these cities compare with Millersburg 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 Millersburg 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 Millersburg, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49759 | 0.34% | 0.40% | 0.45% | 0.50% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Millersburg, Michigan
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Millersburg, 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 local 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 Millersburg, 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 in Millersburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the median home price is $109,000, with tax bills ranging from $290 at the 25th percentile to $1,284 at the 90th percentile. The highest and lowest median tax bill, both at $485, are found in the 49759 zip code.
Average Millersburg Assessed Value
$109,000
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 Millersburg, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49759 | $36,520 | $66,000 | $109,000 | $180,000 | $278,360 |
Source: Ownwell
Property Tax Bills Across Millersburg, Michigan
In Millersburg, 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. For a home with a median price of $109,000, the tax rate is applied to the assessed value to generate the tax bill. Several factors influence this calculation, including property characteristics and market conditions. Homeowners in Millersburg can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $290, while the 75th percentile tax bill reaches $814. At the higher end, the 90th percentile tax bill can be as much as $1,284. These variations can impact homeowners differently depending on their property's assessed value and specific tax rate. Compared to the national median property tax rate of 0.99%, the tax bills in Millersburg reflect a range that can either be relatively affordable or more substantial, affecting how homeowners budget for annual expenses.
Average Millersburg Tax Bill
$485
Average Presque Isle County Tax Bill
$633
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Millersburg, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49759 | $155 | $290 | $485 | $814 | $1,284 |
Source: Ownwell