Sebewaing, Tuscola County, Michigan Property Taxes
The median property tax rate in Sebewaing, MI is 0.27%, considerably lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Sebewaing at $110,200, the typical annual property tax bill reaches $304, falling well below the national median of $2,690. Property taxes in Sebewaing 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 Sebewaing'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 Sebewaing 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
Sebewaing, Tuscola County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.27%
Estimate Property Tax Bill
$298
$276
Ownwell’s Sebewaing Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sebewaing with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sebewaing 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 Sebewaing, Tuscola County, Michigan
Property taxes in Sebewaing, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sebewaing is 0.27%, significantly lower than both the Michigan state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Sebewaing set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sebewaing 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 Sebewaing's effective property tax rate to other counties in Michigan and the national median. For comparison, the highest median property tax rate in the region is found in 48103 with a rate of 2.11%, while the lowest median tax rate is in 48475 at 0.27%. Understanding how these cities compare with Sebewaing 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 Sebewaing Tax Rate
0.27%
Average Tuscola County Tax Rate
0.36%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sebewaing, Tuscola County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48759 | 0.13% | 0.25% | 0.27% | 0.28% | 0.32% |
Source: Ownwell
Property Tax Assessment Values Across Sebewaing, Tuscola County, Michigan
In Sebewaing, 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 local appraisal authorities 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 Sebewaing, 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 Sebewaing helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Sebewaing's median home price stands at $110,200, with tax bills ranging from $100 at the 25th percentile to $600 at the 90th percentile. The zip code 48759 has both the highest and lowest median tax bills at $304.
Property Tax Assessment Values Across Sebewaing, Tuscola County, Michigan
Source: Ownwell
$62,800
$129,400
$196,000
Average Sebewaing Assessed Value
$110,200
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 Sebewaing, Tuscola County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48759 | $12,600 | $51,000 | $110,200 | $169,800 | $186,200 |
Source: Ownwell
Property Tax Bills Across Sebewaing, Tuscola County, Michigan
In Sebewaing, Tuscola County, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The median home price in Sebewaing is $110,200. Property taxes are influenced by various factors, including local tax rates, property assessments, and applicable exemptions. Homeowners in Sebewaing can expect their property tax bills to fall within a wide range. For instance, the 25th percentile tax bill is around $100, while the 75th percentile tax bill reaches up to $476. At the 90th percentile, tax bills can go as high as $600. The median property tax rate in Sebewaing is notably lower than the national median property tax rate of 0.99%, which can be beneficial for homeowners in terms of affordability. Understanding these factors is crucial for homeowners when budgeting for annual expenses and considering the long-term financial implications of property ownership in Sebewaing.
Average Sebewaing Tax Bill
$304
Average Tuscola County Tax Bill
$531
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Sebewaing, Tuscola County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48759 | $23 | $100 | $304 | $476 | $600 |
Source: Ownwell