Greenbush, Alcona County, Michigan Property Taxes
Median Greenbush, MI effective property tax rate: 1.04%, slightly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Greenbush, MI home value: $163,500
Median annual Greenbush, MI tax bill: $1,381, $1,019 lower than the national median property tax bill of $2,400.
How are property taxes in Alcona County calculated?
Property taxes in Greenbush, MI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Greenbush’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Greenbush, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Greenbush, Alcona County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.16%
Estimate Property Tax Bill
$2,420
$2,245
Property Tax Rates Across Greenbush, Alcona County, Michigan
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Greenbush Tax Rate
1.16%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Alcona County Tax Rate
0.98%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Greenbush, Alcona County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48738 | 0.60% | 0.70% | 1.16% | 1.36% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Greenbush, Alcona County, Michigan
When examining property taxes in Greenbush, Michigan, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Alcona County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Alcona County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Greenbush. For example, the median home price in Greenbush is $163,500, with tax bills ranging significantly across the county. Zip code 48738 has the highest median home price at $163,500.
Property Tax Assessment Values Across Greenbush, Alcona County, Michigan
Source: Ownwell
$66,900
$178,950
$291,000
Median Greenbush Market Value
$208,600
Median Alcona County Market Value
$153,000
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Greenbush, Alcona County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48738 | $73,400 | $127,600 | $208,600 | $335,400 | $459,120 |
Source: Ownwell
Property Tax Bills Across Greenbush, Alcona County, Michigan
In Greenbush, MI, property tax bills are calculated based on the assessed value of a home, which is often a percentage of its market value. The median home price in Greenbush is $163,500. Homeowners in Greenbush typically face a median property tax bill of $1,381, which is below the national median of $2,400. This tax bill is determined by multiplying the assessed value by the local tax rate. Factors such as local government budgets, school funding needs, and infrastructure projects also play a role in setting tax rates. For homeowners, these taxes fund essential services but can become a financial burden, especially when property values increase.
Ownwell helps homeowners in Greenbush potentially reduce their property tax bills by providing property tax appeal services. By analyzing property assessments and comparing them to similar properties, Ownwell identifies opportunities for tax reductions. This service can lead to significant savings, easing the financial load on homeowners while ensuring they only pay their fair share.
Median Greenbush Tax Bill
$2,282
Median Alcona County Tax Bill
$1,366
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Greenbush, Alcona County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48738 | $624 | $1,073 | $2,282 | $3,669 | $5,143 |
Source: Ownwell