Shingleton, Michigan Property Taxes
The median property tax rate in Shingleton, MI is 0.49%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Shingleton, the typical annual property tax bill reaches $521, well below the national median of $2,690. Property taxes in Shingleton 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 Shingleton'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 Shingleton or another part of Schoolcraft County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Shingleton, Michigan Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$2,140
Ownwell’s Shingleton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shingleton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shingleton 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 Shingleton, Michigan
Property taxes in Shingleton, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shingleton is 0.49%, which is lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Shingleton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shingleton 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 Shingleton's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49884 zip code has the highest median property tax rate of 0.49%, while the 49884 zip code also has the lowest median tax rate of 0.49%. Understanding how these cities compare with Shingleton provides valuable insights into the varying tax landscape across Schoolcraft County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Shingleton Tax Rate
0.49%
Average Schoolcraft County Tax Rate
0.45%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shingleton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49884 | 0.38% | 0.44% | 0.49% | 0.49% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Shingleton, Michigan
In Shingleton, 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 Schoolcraft 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 Shingleton, 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 Shingleton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Shingleton is $104,400, with tax bills ranging from $519 at the 25th percentile to $879 at the 90th percentile. The highest and lowest median tax bill, both at $521, are found in the 49884 zip code.
Average Shingleton Assessed Value
$104,400
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 Shingleton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49884 | $89,700 | $93,350 | $104,400 | $166,150 | $212,100 |
Source: Ownwell
Property Tax Bills Across Shingleton, Michigan
In Shingleton, located in Schoolcraft County, MI, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The median home price in Shingleton is $104,400. Property tax rates in this region are influenced by various factors including local government budgets, school funding needs, and public service requirements. Homeowners in Shingleton can expect their tax bills to vary. At the 25th percentile, the tax bill is approximately $519, while at the 75th percentile, it rises to about $630. For those at the 90th percentile, the tax bill can reach up to $879. The highest and lowest median tax bills in the area are both $521, indicating a relatively consistent tax rate across different properties within the zip code 49884. Compared to the national median property tax rate of 0.99%, Shingleton's tax rates can significantly impact homeowners, influencing their financial planning and housing affordability.
Average Shingleton Tax Bill
$521
Average Schoolcraft County Tax Bill
$504
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Shingleton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49884 | $471 | $519 | $521 | $630 | $879 |
Source: Ownwell