Lincoln, Alcona County, Michigan Property Taxes
Median Lincoln, MI effective property tax rate: 0.66%, significantly lower than the national median of 1.02%, but lower than the MI state median of 1.07%.
Median Lincoln, MI home value: $114,700
Median annual Lincoln, MI tax bill: $882, $1,518 lower than the national median property tax bill of $2,400.
How are property taxes in Alcona calculated?
Property taxes in Lincoln, 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 Lincoln’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lincoln, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lincoln, Alcona County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.66%
Estimate Property Tax Bill
$757
$702
Property Tax Rates Across Lincoln, 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 Lincoln Tax Rate
0.66%
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
0.72%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lincoln, Alcona County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48742 | 0.46% | 0.54% | 0.66% | 1.27% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Lincoln, Alcona County, Michigan
When examining property taxes in Lincoln, 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 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 Lincoln.
For example, the median home price in Lincoln is $114,700, with tax bills ranging significantly across the county. Zip code 48742 has the highest median home price at $114,700.
Property Tax Assessment Values Across Lincoln, Alcona County, Michigan
Source: Ownwell
$47,800
$134,650
$221,500
Median Lincoln Market Value
$114,700
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 Lincoln, Alcona County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48742 | $51,060 | $79,250 | $114,700 | $158,550 | $211,340 |
Source: Ownwell
Property Tax Bills Across Lincoln, Alcona County, Michigan
In Lincoln, Michigan, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is typically a percentage of the property's market value. Homeowners in Lincoln face a median property tax bill of $882, which is significantly lower than the national median of $2,400. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions.
Homeowners may find their tax bills burdensome, especially if their property's assessed value increases. This is where Ownwell can assist. By providing expert property tax appeal services, Ownwell helps homeowners ensure their properties are assessed fairly, potentially lowering their tax bills. Ownwell's team of professionals can guide homeowners through the appeal process, identify opportunities for exemptions, and work to secure the most favorable tax outcome. This support can lead to substantial savings, easing the financial burden on homeowners in Lincoln.
Median Lincoln Tax Bill
$882
Median Alcona County Tax Bill
$819
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Lincoln, Alcona County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48742 | $383 | $599 | $882 | $1,303 | $1,857 |
Source: Ownwell
