Applegate, Michigan Property Taxes
The median property tax rate in Applegate, MI is 1.01%, slightly higher than the national median of 0.99% but lower than the Michigan state median of 1.07%. With a median home value of $93,000 in Applegate, the typical annual property tax bill amounts to $937, which is below the national median of $2,690. Property taxes in Applegate are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Applegate'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 Applegate or another part of Sanilac County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Applegate, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$939
Ownwell’s Applegate Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Applegate with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Applegate 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 Applegate, Michigan
Property taxes in Applegate, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Applegate is 1.01%, higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Applegate set these rates annually, and they can vary significantly across different neighborhoods. Each year, Applegate 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 Applegate's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48401 zip code has the highest median property tax rate of 1.01%, while the same zip code has the lowest median tax rate of 1.01%. Understanding how these cities compare with Applegate provides valuable insights into the varying tax landscape across Sanilac County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Applegate Tax Rate
1.01%
Average Sanilac County Tax Rate
1.15%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Applegate, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48401 | 0.71% | 0.85% | 1.01% | 1.59% | 1.97% |
Source: Ownwell
Property Tax Assessment Values Across Applegate, Michigan
In Applegate, Michigan, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Sanilac 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 Applegate, 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 Applegate helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 48401, with a median tax bill of $937.
Average Applegate Assessed Value
$93,000
Average Sanilac County Assessed Value
$107,600
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Applegate, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48401 | $17,800 | $48,200 | $93,000 | $158,000 | $287,040 |
Source: Ownwell
Property Tax Bills Across Applegate, Michigan
In Applegate, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, with a median home price of $93,000, the tax bill can vary significantly. Factors such as property location, local tax rates, and applicable exemptions all play a role in determining the final amount. For homeowners in Applegate, the property tax bill at the 25th percentile is around $547, while at the 75th percentile, it rises to $1,577. The tax bill can reach up to $3,285 at the 90th percentile. These figures highlight the range of property tax bills depending on various factors. Compared to the national median property tax rate of 0.99%, Applegate's property taxes reflect the local economic conditions and public service funding needs. Understanding these elements helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Applegate Tax Bill
$937
Average Sanilac County Tax Bill
$1,234
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Applegate, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48401 | $246 | $547 | $937 | $1,577 | $3,285 |
Source: Ownwell