Mesick, Michigan Property Taxes
The median property tax rate in Mesick, MI is 1.25%, significantly higher than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Mesick at $81,000, the typical annual property tax bill reaches $1,248, which is below the national median of $2,690. Property taxes in Mesick 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 Mesick'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 Mesick 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
Mesick, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$1,013
Ownwell’s Mesick Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mesick with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mesick 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 Mesick, Michigan
Property taxes in Mesick, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mesick is 1.25%, significantly higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Mesick set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mesick 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 Mesick's effective property tax rate to other areas in Wexford County and the national median. For comparison, the zip code 49668 has the highest median property tax rate of 1.25%, while the same zip code also has the lowest median tax rate of 1.25%. Understanding how these areas compare with Mesick provides valuable insights into the varying tax landscape across Wexford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mesick Tax Rate
1.25%
Average Wexford County Tax Rate
1.72%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mesick, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49668 | 0.80% | 0.95% | 1.25% | 1.73% | 2.13% |
Source: Ownwell
Property Tax Assessment Values Across Mesick, Michigan
In Mesick, 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 Wexford 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 Mesick, 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. The median home price in Mesick is $81,000. The 25th percentile tax bill is $706, while the 75th percentile tax bill is $2,032, and the 90th percentile tax bill is $3,455. The zip code with the highest median tax bill is 49668, which stands at $1,248. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mesick Assessed Value
$81,000
Average Wexford County Assessed Value
$108,400
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mesick, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49668 | $2,880 | $45,300 | $81,000 | $135,400 | $306,080 |
Source: Ownwell
Property Tax Bills Across Mesick, Michigan
In Mesick, property tax bills are calculated based on the assessed value of the property, which is determined by the local assessor's office. This assessed value typically represents half of the market value of the property. For example, with a median home price of $81,000, the assessed value would be around $40,500. The tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including property location, improvements, and local tax levies. In Wexford County, tax bills can vary significantly. At the 25th percentile, homeowners might pay around $706, while those at the 75th percentile could see bills as high as $2,032. The 90th percentile reaches up to $3,455. These property tax bills can impact homeowners by affecting their annual expenses and influencing their decisions on property improvements or sales. Compared to the national median property tax rate of 0.99%, Mesick's rates reflect the local economic and real estate conditions, providing a unique perspective on the cost of homeownership in this area.
Average Mesick Tax Bill
$1,248
Average Wexford County Tax Bill
$1,919
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Mesick, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49668 | $448 | $706 | $1,248 | $2,032 | $3,455 |
Source: Ownwell