Skanee, Baraga County, Michigan Property Taxes
Median Skanee, MI effective property tax rate: 0.93%, significantly lower than the national median of 1.02%, and lower than the Michigan state median of 1.05%.
Median Skanee, MI home value: $121,832
Median annual Skanee, MI tax bill: $1,011, $1,389 lower than the national median property tax bill of $2,400.
How are property taxes in Baraga calculated?
Property taxes in Skanee, 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 Skanee's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Skanee, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Skanee, Baraga County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.93%
Estimate Property Tax Bill
$1,133
$1,051
Property Tax Rates Across Skanee, Baraga County, Michigan
Local government entities determine tax rates, which can differ significantly across a state. Each year, counties assess their budgetary needs to provide essential services and then divide this by the total value of all taxable property in their area. This process establishes the property tax rate. Although setting tax rates and budgets involves votes and legislation, this is essentially how it works annually.
Now, you can compare Skanee’s effective property tax rate to other cities in Michigan, as well as the median property tax rates in the state and across the U.S. Skanee, located in Baraga County, has a property tax rate that is below the national median of 1.02%. This suggests that property owners in Skanee enjoy relatively lower property taxes compared to other parts of the country. In Michigan, property tax rates can vary, but Skanee’s rate aligns with the state’s median tax rate, offering residents a balanced tax environment. Understanding these rates can help property owners make informed decisions about tax appeals and exemptions, ensuring they are not overpaying on their property taxes.
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 Skanee Tax Rate
0.93%
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 Baraga County Tax Rate
1.09%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Skanee, Baraga County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49962 | 0.44% | 0.62% | 0.93% | 1.28% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Skanee, Baraga County, Michigan
When examining property taxes in Skanee, 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 Baraga 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 Baraga 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 Skanee. For example, the median home price in Skanee is $121,832, with tax bills ranging significantly across the county. Zip code 49962 has the highest median home price at $121,832.
Property Tax Assessment Values Across Skanee, Baraga County, Michigan
Source: Ownwell
$58,524
$120,357
$182,189
Median Skanee Market Value
$121,832
Median Baraga County Market Value
$96,000
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Skanee, Baraga County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49962 | $29,820 | $61,045 | $121,832 | $227,886 | $322,377 |
Source: Ownwell
Property Tax Bills Across Skanee, Baraga County, Michigan
Median Skanee Tax Bill
$1,011
Median Baraga County Tax Bill
$1,144
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Skanee, Baraga County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49962 | $274 | $492 | $1,011 | $1,926 | $3,098 |
Source: Ownwell