Mikado, Alcona County, Michigan Property Taxes
Property Taxes in Mikado, Michigan
Median Mikado, Michigan effective property tax rate: 0.76%, significantly lower than the national median of 1.02%, and lower than the Michigan state median of 1.05%.
Median Mikado, Michigan home value: $136,700
Median annual Mikado, Michigan tax bill: $1,073, $1,327 lower than the national median property tax bill of $2,400.
How are property taxes in Alcona calculated?
Property taxes in Mikado, Michigan 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 Mikado's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mikado, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Mikado, Alcona County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.76%
Estimate Property Tax Bill
$1,039
$964
How Does the MIKADO Property Tax Calculator Work?
Use this MIKADO property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies MIKADO's median effective tax rate of 0.76% — based on actual property records in Alcona County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies MIKADO's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within MIKADO: rates range from 0.76% in 48745 to 0.76% in 48745, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across MIKADO.
About Mikado Property Taxes
About Property Taxes in Mikado, Alcona, MI
Mikado's median effective property tax rate of 0.76% is lower than the Michigan state median of 1.05% and lower than the national median of 1.02%. This rate reflects the Alcona County base levy combined with local school district levies and Tax increment finance districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Mikado. Homeowners in the 48745 ZIP code carry a median effective rate of 0.76%, while those in the same ZIP code pay 0.76%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Alcona County. Understanding which part of Mikado you live in can make a meaningful difference to your annual tax bill.
Mikado homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the March 9, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Mikado, Alcona County, Michigan
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because 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.
Below, you can compare Mikado's effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S.
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 Mikado Tax Rate
0.76%
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 Mikado, Alcona County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48745 | 0.57% | 0.61% | 0.76% | 1.19% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Mikado, Alcona County, Michigan
When examining property taxes in Mikado, 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.
Assessment notices:
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 Mikado.
For example, the median home price in Mikado is $136,700, with tax bills ranging significantly across the county. 48745 has the highest median home price at $136,700.
Property Tax Assessment Values Across Mikado, Alcona County, Michigan
Source: Ownwell
$66,900
$178,950
$291,000
Median Mikado Market Value
$136,700
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 Mikado, Alcona County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48745 | $43,400 | $80,550 | $136,700 | $208,300 | $284,620 |
Source: Ownwell
Property Tax Bills Across Mikado, Alcona County, Michigan
Property tax bills in Mikado are calculated from the assessed value of a home and the local tax rate set for Alcona County. When a property’s market value changes, the assessed value can change too, which affects the final bill. Local taxing authorities use that assessed value to determine how much a homeowner owes each year.
For a home with a median price of $136,700, the property tax bill can vary depending on exemptions, local levies, and how the property is classified. In Mikado, the median tax bill is $1,073, which is below the national median property tax bill of $2,400 and below the national median property tax rate of 1.02%.
Homeowners feel the impact directly because higher assessed values usually mean higher tax bills, even if the home has not been sold. That makes it important to understand how local assessments work and how they affect annual housing costs.
Median Mikado Tax Bill
$1,073
Median Alcona County Tax Bill
$1,366
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Mikado, Alcona County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48745 | $423 | $673 | $1,073 | $1,663 | $2,469 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 9 |
Links | |
|---|---|
| Alcona Tax Assessor | |
| Website | bsaonline.com |