Charlevoix, Charlevoix County, Michigan Property Taxes
Median Charlevoix, MI effective property tax rate: 0.64%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Charlevoix, MI home value: $262,700
Median annual Charlevoix, MI tax bill: $1,690, $710 lower than the national median property tax bill of $2,400.
How are property taxes in Charlevoix calculated?
Property taxes in Charlevoix, 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 Charlevoix’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Charlevoix, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Charlevoix, Charlevoix County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.64%
Estimate Property Tax Bill
$1,681
$1,560
Property Tax Rates Across Charlevoix, Charlevoix County, Michigan
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 Charlevoix Tax Rate
0.64%
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 Charlevoix County Tax Rate
0.50%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Charlevoix, Charlevoix County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49720 | 0.36% | 0.44% | 0.64% | 1.18% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Charlevoix, Charlevoix County, Michigan
When examining property taxes in Charlevoix, 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.
In Charlevoix 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 Charlevoix. For example, the median home price in Charlevoix is $262,700, with tax bills ranging significantly across the county. Zip code 49720 has the highest median home price at $262,700.
Property Tax Assessment Values Across Charlevoix, Charlevoix County, Michigan
Source: Ownwell
$141,400
$303,400
$465,400
Median Charlevoix Market Value
$262,700
Median Charlevoix County Market Value
$226,100
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Charlevoix, Charlevoix County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49720 | $68,600 | $166,750 | $262,700 | $422,900 | $752,620 |
Source: Ownwell
Property Tax Bills Across Charlevoix, Charlevoix County, Michigan
In Charlevoix, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. Homeowners in Charlevoix pay a median property tax bill of $1,690, which is below the national median of $2,400. This can be attributed to the area's lower median home price of $262,700. Factors influencing the tax bill include the property's location, size, and any applicable exemptions. For instance, the tax bill in the 25th percentile is $954, while it rises to $3,617 at the 75th percentile and $7,360 at the 90th percentile, illustrating the range of property values and taxes in the area.
Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By analyzing market trends and comparable properties, Ownwell helps ensure that homeowners in Charlevoix are not overpaying on their property taxes, potentially saving them significant amounts on their annual tax bills.
Median Charlevoix Tax Bill
$1,690
Median Charlevoix County Tax Bill
$1,211
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Charlevoix, Charlevoix County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49720 | $583 | $954 | $1,690 | $3,617 | $7,360 |
Source: Ownwell