Beaver Island, Charlevoix County, Michigan Property Taxes

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

Median Beaver Island, MI effective property tax rate: 0.43%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Beaver Island, MI home value: $178,700
Median annual Beaver Island, MI tax bill: $743, $1,657 lower than the national median property tax bill of $2,400.

How are property taxes in Charlevoix calculated?

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

Last Updated March 1, 2025

Beaver Island, Charlevoix County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.38%

Estimate Property Tax Bill

$3,385

$3,141

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

Property Tax Rates Across Beaver Island, Charlevoix County, Michigan

Local government entities determine tax rates, which can vary significantly within a state. Annually, each county estimates its budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

Beaver Island in Charlevoix County, Michigan, offers an interesting case study. Here, the effective property tax rate stands at 0.43%, which is notably below the national median property tax rate of 1.02%. This lower rate can translate into significant savings for property owners compared to other areas both within Michigan and across the U.S. For residents and potential buyers, understanding these local tax rates is crucial when considering the overall cost of property ownership.

By comparing Beaver Island's tax rate to other cities in Michigan and the national median, property owners can better assess their financial commitments. This comparison highlights the potential for lower property tax bills in Beaver Island, making it an attractive option for those looking to optimize their property-related expenses.

Property Tax Rates Across Beaver Island, Charlevoix County, Michigan

Source: Ownwell

0.68%

1.03%

1.38%

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 Beaver Island Tax Rate

1.38%

Median Effective Charlevoix County Tax Rate

0.90%

Median Effective Michigan Tax Rate

1.05%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Beaver Island, Charlevoix County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49782	0.85%	1.06%	1.38%	1.67%	1.88%

Source: Ownwell

Property Tax Assessment Values Across Beaver Island, Charlevoix County, Michigan

When examining property taxes in Beaver Island, 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 Charlevoix 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 Charlevoix 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 Beaver Island.

For example, the median home price in Beaver Island is $178,700, with tax bills ranging significantly across the county. 49782 has the highest median home price at $178,700.

Property Tax Assessment Values Across Beaver Island, Charlevoix County, Michigan

Source: Ownwell

$200,000

$389,200

$578,400

Median Beaver Island Market Value

$245,300

Median Charlevoix County Market Value

$299,800

Median Michigan Market Value

$213,740

Median United States Market Value

$235,294

Property Tax Assessment Values Across Beaver Island, Charlevoix County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49782	$65,000	$131,050	$245,300	$408,100	$570,560

Source: Ownwell

Property Tax Bills Across Beaver Island, Charlevoix County, Michigan

In Beaver Island, Charlevoix County, MI, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in the area is $178,700, with a median property tax bill of $743, which is substantially lower than the national median of $2,400. Tax bills can vary significantly, with the 25th percentile at $391 and the 90th percentile reaching $1,707. Factors influencing these variations include property size, location, and improvements. For homeowners, these taxes can represent a significant financial burden, especially if their property is assessed at the higher end of the spectrum. Ownwell offers a solution by providing property tax appeal and exemption services, helping homeowners potentially reduce their tax bills. By analyzing property assessments and comparing them with market data, Ownwell identifies discrepancies and files appeals on behalf of homeowners, aiming for a fairer tax assessment. This service can lead to substantial savings, easing the financial strain on property owners.

Property Tax Bills Across Beaver Island, Charlevoix County, Michigan

Source: Ownwell

$1,280

$3,330

$5,379

Median Beaver Island Tax Bill

$3,173

Median Charlevoix County Tax Bill

$2,666

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Beaver Island, Charlevoix County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49782	$800	$1,753	$3,173	$5,495	$7,863

Source: Ownwell