Fort Gratiot, St. Clair County, Michigan Property Taxes
The median property tax rate in Fort Gratiot, MI is 0.69%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $195,200 in Fort Gratiot, the typical annual property tax bill amounts to $1,363, which is below the national median of $2,690. Property taxes in Fort Gratiot are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. By understanding Fort Gratiot's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're in the heart of Fort Gratiot or another part of the city, a thorough grasp of the local property tax system will be beneficial.
Last Updated June 14, 2024
Fort Gratiot, St. Clair County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$1,347
$1,250
Ownwell’s Fort Gratiot Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fort Gratiot with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fort Gratiot 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 Fort Gratiot, St. Clair County, Michigan
Property taxes in Fort Gratiot, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fort Gratiot is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Fort Gratiot set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fort Gratiot 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 Fort Gratiot's effective property tax rate to other areas in Michigan and the national median. For comparison, the zip code 48059 has both the highest and lowest median property tax rate in the area, standing at 0.69%. Understanding how these areas compare with Fort Gratiot provides valuable insights into the varying tax landscape across St. Clair County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fort Gratiot Tax Rate
0.69%
Average St. Clair County Tax Rate
0.78%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fort Gratiot, St. Clair County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48059 | 0.51% | 0.59% | 0.69% | 0.86% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Fort Gratiot, St. Clair County, Michigan
In Fort Gratiot, 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 St. Clair 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 Fort Gratiot, 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 Fort Gratiot helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 48059, with a median tax bill of $1,363.
Property Tax Assessment Values Across Fort Gratiot, St. Clair County, Michigan
Source: Ownwell
$35,200
$161,900
$288,600
Average Fort Gratiot Assessed Value
$195,200
Average St. Clair County Assessed Value
$181,600
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fort Gratiot, St. Clair County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48059 | $7,000 | $130,400 | $195,200 | $276,050 | $397,340 |
Source: Ownwell
Property Tax Bills Across Fort Gratiot, St. Clair County, Michigan
In Fort Gratiot, St. Clair County, MI, property tax bills are calculated based on the assessed value of your home, which is determined by local assessors. This assessed value typically represents 50% of the home's market value. For instance, with a median home price of $195,200, the assessed value would be approximately $97,600. The local tax rate is then applied to this assessed value to determine the tax bill. Factors such as property location, improvements, and local levies also influence the final tax amount. In Fort Gratiot, the median property tax bill is $1,363, which is relatively lower compared to the national median property tax rate of 0.99%. Homeowners in this area might see tax bills ranging from the 25th percentile at $916 to the 90th percentile at $3,003. Understanding these factors can help homeowners anticipate their property tax obligations and plan their finances accordingly.
Average Fort Gratiot Tax Bill
$1,363
Average St. Clair County Tax Bill
$1,504
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Fort Gratiot, St. Clair County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48059 | $165 | $916 | $1,363 | $2,026 | $3,003 |
Source: Ownwell