Essexville, Bay County, Michigan Property Taxes

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

Median Essexville, MI effective property tax rate: 1.16%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Essexville, MI home value: $137,200
Median annual Essexville, MI tax bill: $1,769, $631 lower than the national median property tax bill of $2,400.

How are property taxes in Bay County calculated?

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

Last Updated March 1, 2025

Essexville, Bay County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.16%

Estimate Property Tax Bill

$1,592

$1,477

Ownwell’s Essexville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Essexville with just two data points. By entering your property's estimated assessed value, our calculator applies Essexville’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 Bay County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Essexville, Bay County, Michigan

Local government entities determine property tax rates, which can vary significantly within Michigan. Each county, like Bay County, calculates its required budget for public services and divides it by the total assessed value of all taxable properties in the area. This determines the property tax rate. Although the process involves votes and legislation, this is the essence of how property taxes are calculated annually.

In Essexville, located in Bay County, the effective property tax rate is 1.16%. This is higher than the national median property tax rate of 1.02%. Interestingly, Essexville shares its tax rate across Bay County, as it represents both the highest and lowest median tax rates in the area.

When comparing Essexville’s rate to the national average, property owners might find it slightly more burdensome but reflective of the services and infrastructure supported by these taxes. Understanding these rates within the broader context of Michigan and the U.S. can help property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Essexville, Bay County, Michigan

Source: Ownwell

0.34%

0.94%

1.55%

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 Essexville Tax Rate

1.16%

Median Effective Bay County Tax Rate

1.00%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Essexville, Bay County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48732	0.84%	0.94%	1.16%	1.64%	1.95%

Source: Ownwell

Property Tax Assessment Values Across Essexville, Bay County, Michigan

When examining property taxes in Essexville, 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 Bay 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 Bay 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 Essexville. For example, the median home price in Essexville is $137,200, with tax bills ranging significantly across the county. 48732 has the highest median home price at $137,200.

Property Tax Assessment Values Across Essexville, Bay County, Michigan

Source: Ownwell

$84,800

$137,700

$190,600

Median Essexville Market Value

$137,200

Median Bay County Market Value

$117,300

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Essexville, Bay County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48732	$73,200	$99,700	$137,200	$200,200	$281,920

Source: Ownwell

Property Tax Bills Across Essexville, Bay County, Michigan

In Essexville, located in Bay County, MI, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. For homeowners in Essexville, the median home price is $137,200, and property tax bills can vary significantly. At the 25th percentile, tax bills are around $1,304, while at the 75th percentile, they rise to $2,381. The 90th percentile sees tax bills as high as $3,245. Compared to the national median property tax bill of $2,400, Essexville's tax burden can be both lower and higher, depending on the specific property. Homeowners are affected by these variations, as higher tax bills can strain budgets, while lower ones may offer some relief. Ownwell can assist homeowners by appealing their property tax assessments, potentially lowering their tax bills. By identifying discrepancies in assessments and ensuring all eligible exemptions are applied, Ownwell helps homeowners in Essexville save money and reduce their financial burden.

Property Tax Bills Across Essexville, Bay County, Michigan

Source: Ownwell

$451

$1,110

$1,769

Median Essexville Tax Bill

$1,769

Median Bay County Tax Bill

$1,271

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Essexville, Bay County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48732	$960	$1,304	$1,769	$2,381	$3,245

Source: Ownwell