Ubly, Michigan Property Taxes
The median property tax rate in Ubly, MI is 0.91%, 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 $142,200 in Ubly, the typical annual property tax bill amounts to $1,244, falling below the national median of $2,690. Property taxes in Ubly are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Ubly'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 Ubly 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
Ubly, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$1,294
Ownwell’s Ubly Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ubly with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ubly 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 Ubly, Michigan
Property taxes in Ubly, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ubly is 0.91%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Ubly set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ubly 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 Ubly's effective property tax rate to other areas in Michigan and the national median. For comparison, the zip code 48475 has both the highest and lowest median property tax rate of 0.91%. Understanding how these areas compare with Ubly 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 Ubly Tax Rate
0.91%
Average Sanilac County Tax Rate
1.15%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ubly, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48475 | 0.58% | 0.74% | 0.91% | 1.06% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Ubly, Michigan
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ubly, 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 Ubly, 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. Ubly's median home price is $142,200, with tax bills ranging from $814 at the 25th percentile to $2,666 at the 90th percentile. The highest and lowest median tax bill in Ubly is $1,244, found in the zip code 48475. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Ubly Assessed Value
$142,200
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 Ubly, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48475 | $55,800 | $94,600 | $142,200 | $211,150 | $322,700 |
Source: Ownwell
Property Tax Bills Across Ubly, Michigan
In Ubly, located in Sanilac County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is typically a percentage of the market value of the property. For homeowners in Ubly, the median home price stands at $142,200. The tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the property's location, its assessed value, and any applicable exemptions or deductions. In Ubly, the tax bills vary significantly; for instance, the 25th percentile tax bill is $814, while the 75th percentile tax bill reaches $1830. At the 90th percentile, homeowners might see a tax bill as high as $2666. This variability in tax bills can affect homeowners differently. Those with higher-value properties or fewer exemptions may face larger tax bills, impacting their overall housing costs. Comparing this to the national median property tax rate of 0.99%, homeowners in Ubly experience a range of tax liabilities based on their specific circumstances.
Average Ubly Tax Bill
$1,244
Average Sanilac County Tax Bill
$1,234
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Ubly, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48475 | $506 | $814 | $1,244 | $1,830 | $2,666 |
Source: Ownwell