Kingston, Michigan Property Taxes
The median property tax rate in Kingston, MI, is 0.85%, which is lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $105,200 in Kingston, the typical annual property tax bill amounts to $825, which is significantly below the national median of $2,690. Property taxes in Kingston are calculated based on the tax assessed value, typically lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Kingston'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 Kingston or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kingston, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$894
Ownwell’s Kingston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kingston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kingston 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 Kingston, Michigan
Property taxes in Kingston, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kingston is 1.54%, significantly higher than both the Michigan state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Kingston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kingston 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 Kingston's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48741 zip code has the highest median property tax rate of 1.54%, while the 48741 zip code has the lowest median tax rate of 1.54%. Understanding how these cities compare with Kingston 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 Kingston Tax Rate
0.85%
Average Sanilac County Tax Rate
1.15%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kingston, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48741 | 0.48% | 0.63% | 0.85% | 0.99% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Kingston, Michigan
In Kingston, 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 Kingston, 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 Kingston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Kingston is $825 in zip code 48741, while the lowest median tax bill is also $825 in the same zip code.
Average Kingston Assessed Value
$105,200
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 Kingston, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48741 | $53,180 | $80,150 | $105,200 | $154,750 | $194,820 |
Source: Ownwell
Property Tax Bills Across Kingston, Michigan
In Kingston, MI, property tax bills are determined based on the assessed value of a home, which is typically a percentage of its market value. Local tax authorities then apply the tax rate to this assessed value. For example, with a median home price of $105,200, homeowners can expect their tax bills to vary significantly. The 25th percentile tax bill is around $546, while the 75th percentile reaches up to $1,307. At the 90th percentile, homeowners might see tax bills as high as $1,732. Several factors influence these tax bills, including property size, location, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Kingston's property tax rates and resulting bills can be quite variable, reflecting the unique economic conditions of the area. This variability in tax bills affects homeowners by influencing their annual financial planning and long-term investment in their properties. Understanding these factors can help homeowners better anticipate and manage their property tax obligations.
Average Kingston Tax Bill
$825
Average Sanilac County Tax Bill
$1,234
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Kingston, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48741 | $439 | $546 | $825 | $1,307 | $1,732 |
Source: Ownwell