Mayville, Michigan Property Taxes
The median property tax rate in Mayville, 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 Mayville at $120,000, the typical annual property tax bill is $459, well below the national median of $2,690. Property taxes in Mayville are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Mayville'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 Mayville 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
Mayville, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.36%
Estimate Property Tax Bill
$432
$401
Ownwell’s Mayville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mayville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mayville 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 Mayville, Michigan
Property taxes in Mayville, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mayville is 1.23%, significantly higher than both the Michigan state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Mayville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mayville 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 Mayville's effective property tax rate to other counties in Michigan and the national median. For comparison, the highest median property tax rate in the state is found in 48301 with a rate of 2.42%, while the lowest median tax rate is in 49762 at 0.83%. Understanding how these cities compare with Mayville 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 Mayville 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 Mayville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48744 | 0.25% | 0.29% | 0.36% | 0.50% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Mayville, Michigan
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Mayville, Michigan. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as 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 Mayville, 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. For instance, the median home price in Mayville is $120,000, with tax bills ranging from $180 at the 25th percentile to $1,077 at the 90th percentile. The highest and lowest median tax bills, both at $459, are found in the 48744 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Mayville Assessed Value
$120,000
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 Mayville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48744 | $11,400 | $51,200 | $120,000 | $181,000 | $248,560 |
Source: Ownwell
Property Tax Bills Across Mayville, Michigan
In Mayville, located in Tuscola County, MI, property tax bills are calculated based on the assessed value of a home, which is typically around 50% of its market value. For instance, with a median home price of $120,000, the assessed value would be approximately $60,000. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property improvements, changes in market conditions, and local government budgets can influence the assessed value and, consequently, the tax bill. Homeowners in Mayville experience a range of tax bills. The 25th percentile tax bill is $180, while the 75th percentile is $716, and the 90th percentile reaches $1,077. This variation can significantly impact homeowners' finances, making it crucial to understand how these taxes are calculated and what factors might lead to changes in their tax obligations. Compared to the national median property tax rate of 0.99%, Mayville's tax rates reflect the local economic and governmental landscape.
Average Mayville Tax Bill
$459
Average Tuscola County Tax Bill
$531
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Mayville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48744 | $49 | $180 | $459 | $716 | $1,077 |
Source: Ownwell