Freeland, Bay County, Michigan Property Taxes

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

Median Freeland, MI effective property tax rate: 0.70%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Freeland, MI home value: $190,600
Median annual Freeland, MI tax bill: $1,306, $1,094 lower than the national median property tax bill of $2,400.

How are property taxes in Bay County calculated?

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

Last Updated March 1, 2025

Freeland, Bay County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.7%

Estimate Property Tax Bill

$1,334

$1,238

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

Local government entities set tax rates, and these can vary widely within Michigan. Annually, each county 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 there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. In Freeland, located in Bay County, the effective property tax rate is 0.70%. This rate is on par with the highest and lowest median tax rates within the state. When compared to the national median property tax rate of 1.02%, Freeland's rate is considerably lower. This lower rate can be appealing for property owners, as it suggests a more affordable cost of ownership compared to other areas in the U.S. With the national median property tax bill at $2400, Freeland's property tax obligations are likely to be less burdensome, offering potential savings for residents.

Property Tax Rates Across Freeland, 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 Freeland Tax Rate

0.70%

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 Freeland, Bay County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48623	0.39%	0.50%	0.70%	0.87%	1.02%

Source: Ownwell

Property Tax Assessment Values Across Freeland, Bay County, Michigan

When examining property taxes in Freeland, 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 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 Freeland.

For example, the median home price in Freeland is $190,600, with tax bills ranging significantly across the county. Zip code 48623 has the highest median home price at $190,600.

Property Tax Assessment Values Across Freeland, Bay County, Michigan

Source: Ownwell

$84,800

$137,700

$190,600

Median Freeland Market Value

$190,600

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 Freeland, Bay County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48623	$100,380	$136,200	$190,600	$294,200	$388,120

Source: Ownwell

Property Tax Bills Across Freeland, Bay County, Michigan

In Freeland, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is a percentage of the property's market value, and the local tax rate is applied to this value to determine the annual tax bill. In Bay County, where Freeland is located, the median property tax bill is $1,306, which is significantly lower than the national median of $2,400. However, homeowners in Freeland can still face considerable tax burdens, with bills ranging from $800 at the 25th percentile to $2,898 at the 90th percentile. This variance highlights the importance of ensuring that a property's assessed value is accurate. Ownwell helps homeowners by providing expert property tax appeal services, potentially reducing their tax bills. By analyzing market trends and comparable properties, Ownwell can identify discrepancies in assessments, helping homeowners achieve fair tax valuations and ultimately save money.

Property Tax Bills Across Freeland, Bay County, Michigan

Source: Ownwell

$451

$1,110

$1,769

Median Freeland Tax Bill

$1,306

Median Bay County Tax Bill

$1,271

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Freeland, Bay County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48623	$571	$800	$1,306	$2,013	$2,898

Source: Ownwell