Hubbard Lake, Alcona County, Michigan Property Taxes

Name: Property Tax Bills Across Hubbard Lake, Alcona County, Michigan
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Hubbard Lake, MI effective property tax rate: 0.95%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Hubbard Lake, MI home value: $221,500
Median annual Hubbard Lake, MI tax bill: $1,748, $652 lower than the national median property tax bill of $2,400.

How are property taxes in Alcona County calculated?

Property taxes in Hubbard Lake, 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 Hubbard Lake’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hubbard Lake, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Hubbard Lake, Alcona County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.95%

Estimate Property Tax Bill

$2,104

$1,953

Ownwell’s Hubbard Lake Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hubbard Lake with just two data points. By entering your property's estimated assessed value, our calculator applies Hubbard Lake’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Alcona County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Hubbard Lake, Alcona County, Michigan

Local government entities set tax rates, which can vary widely within Michigan. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. In Hubbard Lake, located in Alcona County, the effective property tax rate aligns closely with the state's median rate of 0.95%. This is slightly lower than the national median property tax rate of 1.02%. This comparison highlights the relatively favorable property tax environment in Hubbard Lake. For residents, this means a more manageable property tax bill compared to other regions across the country. Understanding these nuances can help property owners make informed decisions about property investments and budget planning.

Property Tax Rates Across Hubbard Lake, Alcona County, Michigan

Source: Ownwell

0.44%

0.74%

1.04%

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 Hubbard Lake Tax Rate

0.95%

Median Effective Alcona County Tax Rate

0.72%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hubbard Lake, Alcona County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49747	0.43%	0.54%	0.95%	1.18%	1.33%

Source: Ownwell

Property Tax Assessment Values Across Hubbard Lake, Alcona County, Michigan

When examining property taxes in Hubbard Lake, MI, 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 May. 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 Hubbard Lake.

For example, the median home price in Hubbard Lake is $221,500, with tax bills ranging significantly across the county. Zip code 49747 has the highest median home price at $221,500.

Property Tax Assessment Values Across Hubbard Lake, Alcona County, Michigan

Source: Ownwell

$47,800

$134,650

$221,500

Median Hubbard Lake Market Value

$221,500

Median Alcona County Market Value

$114,600

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hubbard Lake, Alcona County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49747	$51,900	$104,650	$221,500	$397,850	$542,620

Source: Ownwell

Property Tax Bills Across Hubbard Lake, Alcona County, Michigan

In Hubbard Lake, located in Alcona County, MI, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The local tax rate is applied to this assessed value to determine the annual tax bill. With a median home price of $221,500, homeowners in Hubbard Lake face varying tax bills, with the 25th percentile at $865 and the 75th percentile reaching $3,112. This variation in tax bills can significantly impact homeowners' finances, especially when compared to the national median property tax bill of $2,400. Ownwell offers valuable assistance to homeowners by identifying opportunities for tax appeals and exemptions, potentially lowering their tax bills. By analyzing the assessed values and comparing them to market trends, Ownwell can help ensure that homeowners are not overpaying on their property taxes. This service is particularly beneficial in a place like Hubbard Lake, where property tax bills can vary widely and exceed national averages, providing substantial savings for homeowners.

Property Tax Bills Across Hubbard Lake, Alcona County, Michigan

Source: Ownwell

$373

$1,061

$1,748

Median Hubbard Lake Tax Bill

$1,748

Median Alcona County Tax Bill

$819

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Hubbard Lake, Alcona County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49747	$448	$865	$1,748	$3,112	$4,758

Source: Ownwell