Carsonville, Michigan Property Taxes
The median property tax rate in Carsonville, MI is 0.99%, aligning with the national median of 0.99% but slightly lower than the Michigan state median of 1.07%. With a median home value of $97,100 in Carsonville, the typical annual property tax bill amounts to $1,021, which is below the national median of $2,690. Property taxes in Carsonville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Carsonville'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 Carsonville 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
Carsonville, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$961
Ownwell’s Carsonville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carsonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carsonville 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 Carsonville, Michigan
Property taxes in Carsonville, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carsonville is 0.99%, aligning with both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Carsonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carsonville 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 Carsonville's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48419 zip code has the highest median property tax rate of 0.99%, while the 48419 zip code also has the lowest median tax rate of 0.99%. Understanding how these cities compare with Carsonville 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 Carsonville Tax Rate
0.99%
Average Sanilac County Tax Rate
1.15%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carsonville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48419 | 0.61% | 0.80% | 0.99% | 1.58% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across Carsonville, Michigan
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Carsonville, 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 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 Carsonville, 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. For instance, the highest median tax bill in Carsonville is $1021 in the 48419 zip code, while the lowest median tax bill is also $1021 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Carsonville Assessed Value
$97,100
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 Carsonville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48419 | $26,600 | $55,800 | $97,100 | $165,550 | $264,380 |
Source: Ownwell
Property Tax Bills Across Carsonville, Michigan
In Carsonville, located in Sanilac County, MI, property tax bills are determined based on the assessed value of a property, which is typically a fraction of its market value. The tax rate is applied to this assessed value to calculate the annual tax bill. Factors influencing the tax bill include the property's assessed value, local tax rates, and applicable exemptions. For example, with a median home price of $97,100, homeowners in Carsonville can expect a wide range of tax bills. The 25th percentile tax bill is approximately $595, while the 75th percentile tax bill reaches $1,693. At the 90th percentile, homeowners might see tax bills as high as $2,915. Comparatively, the highest median tax bill in the area is $1,021, which is significantly above the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for Carsonville residents. Understanding these factors helps homeowners anticipate their annual financial obligations more accurately.
Average Carsonville Tax Bill
$1,021
Average Sanilac County Tax Bill
$1,234
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Carsonville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48419 | $288 | $595 | $1,021 | $1,693 | $2,915 |
Source: Ownwell