Alpena, Michigan Property Taxes
The median property tax rate in Alpena, MI is 0.39%, considerably lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Alpena at $86,300, the typical annual property tax bill reaches $325, far below the national median of $2,690. Property taxes in Alpena are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Alpena'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 Alpena 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
Alpena, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.39%
Estimate Property Tax Bill
$337
Ownwell’s Alpena Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alpena with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alpena 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 Alpena, Michigan
Property taxes in Alpena, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alpena is 1.55%, significantly higher than both the Michigan state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Alpena set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alpena 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. Comparing Alpena's effective property tax rate to other counties in Michigan and the national median offers valuable insights into the varying tax landscape across Alpena County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alpena Tax Rate
0.39%
Average Schoolcraft County Tax Rate
0.45%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alpena, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49707 | 0.34% | 0.36% | 0.39% | 0.43% | 0.45% |
Source: Ownwell
Property Tax Assessment Values Across Alpena, Michigan
In Alpena, 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 local appraisal authority 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 Alpena, 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 Alpena helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 49707 in Alpena has both the highest and lowest median tax bill, which is $325.
Average Alpena Assessed Value
$86,300
Average Schoolcraft County Assessed Value
$86,700
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alpena, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49707 | $69,900 | $76,050 | $86,300 | $96,550 | $102,700 |
Source: Ownwell
Property Tax Bills Across Alpena, Michigan
In Alpena, property tax bills are calculated based on the assessed value of the property, which is typically determined by the local assessor's office. The assessed value is a percentage of the market value of the home. For instance, with a median home price of $86,300, the assessed value will be a fraction of this amount. The tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions. In Alpena, the property tax bills vary across different percentiles. For example, the tax bill at the 25th percentile is $316, while at the 75th percentile, it is $334, and at the 90th percentile, it reaches $339. These figures illustrate the range homeowners might expect to pay. Compared to the national median property tax rate of 0.99%, Alpena's property taxes are relatively moderate, providing a balanced approach that supports local services without imposing an excessive burden on homeowners.
Average Alpena Tax Bill
$325
Average Schoolcraft County Tax Bill
$504
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Alpena, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49707 | $311 | $316 | $325 | $334 | $339 |
Source: Ownwell