South Branch, Alcona County, Michigan Property Taxes

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

Median South Branch, MI effective property tax rate: 0.99%, slightly lower than the national median of 1.02%, but also lower than the Michigan state median of 1.07%.
Median South Branch, MI home value: $47,800
Median annual South Branch, MI tax bill: $373, $2,027 lower than the national median property tax bill of $2,400.

How are property taxes in Alcona calculated?

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

Last Updated March 1, 2025

South Branch, Alcona County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

Estimate Property Tax Bill

$669

$621

Ownwell’s South Branch Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in South Branch with just two data points. By entering your property's estimated assessed value, our calculator applies South Branch’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 South Branch, Alcona County, Michigan

Local government entities set tax rates, which can vary widely within a state. This is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the essence of the annual process. South Branch in Alcona County, Michigan, offers an interesting case for property tax comparison. The effective property tax rate here stands at 0.99%, aligning with the highest and lowest median tax rates within the state, as both are recorded at 0.99%. This rate is slightly below the national median property tax rate of 1.02%. Homeowners in South Branch benefit from a property tax rate that is competitive when compared to the national landscape, offering a financial advantage in terms of annual property tax bills. Such a rate can be appealing to both current residents and potential property buyers looking for cost-effective living in Michigan.

Property Tax Rates Across South Branch, Alcona County, Michigan

Source: Ownwell

0.70%

1.01%

1.31%

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 South Branch Tax Rate

1.00%

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 South Branch, Alcona County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48761	0.57%	0.66%	1.00%	1.12%	1.26%

Source: Ownwell

Property Tax Assessment Values Across South Branch, Alcona County, Michigan

When examining property taxes in South Branch, 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 South Branch. For example, the median home price in South Branch is $47,800, with tax bills ranging significantly across the county. Zip code 48761 has the highest median home price at $47,800.

Property Tax Assessment Values Across South Branch, Alcona County, Michigan

Source: Ownwell

$66,900

$178,950

$291,000

Median South Branch Market Value

$66,900

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 South Branch, Alcona County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48761	$22,820	$40,350	$66,900	$104,700	$171,700

Source: Ownwell

Property Tax Bills Across South Branch, Alcona County, Michigan

In South Branch, located in Alcona County, MI, property tax bills are determined based on the assessed value of a home, which is typically a percentage of the market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Homeowners in South Branch experience a median property tax bill of $373, significantly lower than the national median of $2400. This can be attributed to the relatively low median home price of $47,800 in the area. However, tax bills can vary, with the 25th percentile at $249 and the 90th percentile reaching $929, indicating variability based on property value and local tax rates.

Ownwell assists homeowners by reviewing property assessments to identify discrepancies and filing appeals to ensure fair taxation. By leveraging expertise in property tax laws and local market conditions, Ownwell can potentially reduce tax liabilities, providing significant savings to homeowners. This service is particularly valuable in areas like South Branch, where even small reductions can make a noticeable difference in annual expenses.

Property Tax Bills Across South Branch, Alcona County, Michigan

Source: Ownwell

$613

$1,596

$2,579

Median South Branch Tax Bill

$613

Median Alcona County Tax Bill

$1,366

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across South Branch, Alcona County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48761	$223	$381	$613	$925	$1,406

Source: Ownwell