Decker, Tuscola County, Michigan Property Taxes
The median property tax rate in Decker, MI is 0.36%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Decker, the typical annual property tax bill is $348, which is well below the national median of $2,690. Property taxes in Decker are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Decker'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 Decker 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
Decker, Tuscola County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.36%
Estimate Property Tax Bill
$404
$375
Ownwell’s Decker Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Decker with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Decker 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 Decker, Tuscola County, Michigan
Property taxes in Decker, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Decker 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 Decker set these rates annually, and they can vary significantly across different neighborhoods. Each year, Decker 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 Decker's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48426 zip code has the highest median property tax rate of 1.54%, while the 48426 zip code has the lowest median tax rate of 1.54%. Understanding how these cities compare with Decker provides valuable insights into the varying tax landscape across Tuscola County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Decker Tax Rate
0.36%
Average Tuscola County Tax Rate
0.36%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Decker, Tuscola County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48426 | 0.29% | 0.32% | 0.36% | 0.41% | 0.42% |
Source: Ownwell
Property Tax Assessment Values Across Decker, Tuscola County, Michigan
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Decker, Michigan. The market value represents 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 Tuscola 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 Decker, 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. For example, Decker's median home price is $112,200, with tax bills ranging from $251 at the 25th percentile to $555 at the 90th percentile. The zip code 48426 has both the highest and lowest median tax bill at $348. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Decker, Tuscola County, Michigan
Source: Ownwell
$62,800
$129,400
$196,000
Average Decker Assessed Value
$112,200
Average Tuscola County Assessed Value
$128,800
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Decker, Tuscola County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48426 | $38,800 | $74,900 | $112,200 | $138,700 | $165,800 |
Source: Ownwell
Property Tax Bills Across Decker, Tuscola County, Michigan
In Decker, MI, property tax bills are calculated based on the assessed value of your home, which is typically a percentage of its market value. The median home price in Decker is $112,200. Local tax assessors determine the assessed value by evaluating various factors such as the property's location, size, and condition. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. In Tuscola County, where Decker is located, property tax bills can vary significantly. For instance, the 25th percentile tax bill is $251, while the 75th percentile tax bill is $490. Homeowners in the 90th percentile can expect to pay around $555 annually. These figures reflect the variability in property values and tax rates within the county. Compared to the national median property tax rate of 0.99%, Decker's rates are relatively moderate. This variability in tax bills can significantly impact homeowners, influencing everything from monthly budgeting to long-term financial planning.
Average Decker Tax Bill
$348
Average Tuscola County Tax Bill
$531
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Decker, Tuscola County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48426 | $162 | $251 | $348 | $490 | $555 |
Source: Ownwell