Unionville, Michigan Property Taxes
The median property tax rate in Unionville, MI is 0.35%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Unionville at $96,000, the typical annual property tax bill is $347, far below the national median of $2,690. Property taxes in Unionville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Unionville'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 Unionville or another part of Tuscola County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Unionville, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.35%
Estimate Property Tax Bill
$336
Ownwell’s Unionville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Unionville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Unionville 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 Unionville, Michigan
Property taxes in Unionville, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Unionville is 1.54%, significantly higher than both the Michigan state median of 1.31% and the U.S. national median of 0.99%. Local government entities within Unionville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Unionville 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 Unionville's effective property tax rate to other counties in Michigan and the national median. For comparison, 48073 has the highest median property tax rate of 2.84%, while 48453 has the lowest median tax rate of 1.02%. Understanding how these cities compare with Unionville 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 Unionville Tax Rate
0.35%
Average Tuscola County Tax Rate
0.36%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Unionville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48767 | 0.23% | 0.27% | 0.35% | 0.50% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Unionville, Michigan
In Unionville, 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 Unionville, 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 Unionville 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 48767, with a median tax bill of $347.
Average Unionville Assessed Value
$96,000
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 Unionville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48767 | $8,720 | $48,150 | $96,000 | $137,950 | $189,480 |
Source: Ownwell
Property Tax Bills Across Unionville, Michigan
In Unionville, located in Tuscola County, MI, property tax bills are calculated based on the assessed value of your home, which is typically half of its market value. For instance, with a median home price of $96,000, the assessed value would be around $48,000. The property tax rate is then applied to this assessed value to determine your tax bill. Various factors such as property size, location, and any applicable exemptions also play a role in the final amount. Homeowners in Unionville can expect tax bills that vary significantly. At the 25th percentile, tax bills are around $154, while those in the 75th percentile see bills closer to $630. The 90th percentile reaches up to $919. Interestingly, the median tax bill in the 48767 zip code is $347, which reflects the highest and lowest median tax bills in the area. Compared to the national median property tax rate of 0.99%, Unionville’s rates offer a range of affordability, influencing homeowners' financial planning and overall cost of living.
Average Unionville Tax Bill
$347
Average Tuscola County Tax Bill
$531
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Unionville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48767 | $32 | $154 | $347 | $630 | $919 |
Source: Ownwell