Marlette, Tuscola County, Michigan Property Taxes
The median property tax rate in Marlette, MI is 0.24%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $170,500 in Marlette, the typical annual property tax bill amounts to $449, well below the national median of $2,690. Property taxes in Marlette are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Marlette's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Marlette or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Marlette, Tuscola County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.24%
Estimate Property Tax Bill
$409
$380
Ownwell’s Marlette Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marlette with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marlette 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 Tuscola County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Marlette, Tuscola County, Michigan
Property taxes in Marlette, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marlette is 0.24%, which is lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Marlette set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marlette 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 Marlette's effective property tax rate to other counties in Michigan and the national median. For comparison, the highest median property tax rate in the county is 1.5%, while the lowest median tax rate is 0.1%. Understanding how these cities compare with Marlette provides valuable insights into the varying tax landscape across Tuscola, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marlette Tax Rate
0.24%
Average Tuscola County Tax Rate
0.36%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marlette, Tuscola County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48453 | 0.20% | 0.22% | 0.24% | 0.38% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Marlette, Tuscola County, Michigan
In Marlette, 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 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 Marlette, 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 Marlette helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Marlette is $170,500, with tax bills ranging from $296 at the 25th percentile to $1,041 at the 90th percentile. The zip code 48453 has both the highest and lowest median tax bill at $449.
Property Tax Assessment Values Across Marlette, Tuscola County, Michigan
Source: Ownwell
$62,800
$129,400
$196,000
Average Marlette Assessed Value
$170,500
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 Marlette, Tuscola County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48453 | $87,800 | $121,450 | $170,500 | $229,600 | $299,300 |
Source: Ownwell
Property Tax Bills Across Marlette, Tuscola County, Michigan
In Marlette, located in Tuscola County, MI, property tax bills are calculated based on the assessed value of a home, which typically aligns with 50% of its market value. For instance, with a median home price of $170,500, the assessed value would be approximately $85,250. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including local government budgets, school funding requirements, and public service needs. Homeowners in Marlette can expect their tax bills to vary significantly, with the 25th percentile tax bill at $296 and the 75th percentile reaching $712. The highest median tax bill recorded in the area is $449, which is notably lower than the national median property tax rate of 0.99%. These tax bills directly impact homeowners by affecting their annual financial planning and potentially influencing property values. Lower tax rates can make the area more attractive to potential buyers, while higher rates might deter some.
Average Marlette Tax Bill
$449
Average Tuscola County Tax Bill
$531
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Marlette, Tuscola County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48453 | $216 | $296 | $449 | $712 | $1,041 |
Source: Ownwell