Vanderbilt, Charlevoix County, Michigan Property Taxes

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

Median Vanderbilt, MI effective property tax rate: 0.47%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Vanderbilt, MI home value: $147,600
Median annual Vanderbilt, MI tax bill: $703, $1,697 lower than the national median property tax bill of $2,400.

How are property taxes in Charlevoix calculated?

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

Last Updated March 1, 2025

Vanderbilt, Charlevoix County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.68%

Estimate Property Tax Bill

$1,409

$1,307

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

Local government entities determine tax rates, which can differ significantly across a state. This variation stems from each county's annual budget estimation process for essential services, which is then divided by the total value of all taxable properties in the area. This calculation establishes the property tax rate. Although the process involves votes and legislation, this is the core method used each year.

In Vanderbilt, Charlevoix County, Michigan, the effective property tax rate is 0.47%, which is notably lower than the national median property tax rate of 1.02%. This rate reflects the specific fiscal needs and property values within the county. Compared to other cities and counties in Michigan, Vanderbilt's rate is quite competitive. The uniformity in the tax rate across Charlevoix County, as indicated by the consistent 0.47% rate in the ZIP code 49795, suggests a stable property tax environment. Understanding these differences can help property owners in Vanderbilt make informed decisions about property investments and potential tax liabilities.

Property Tax Rates Across Vanderbilt, 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 Vanderbilt Tax Rate

0.68%

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 Vanderbilt, Charlevoix County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49795	0.38%	0.51%	0.68%	1.01%	1.17%

Source: Ownwell

Property Tax Assessment Values Across Vanderbilt, Charlevoix County, Michigan

When examining property taxes in Vanderbilt, 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 March. 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 Vanderbilt. For example, the median home price in Vanderbilt is $147,600, with tax bills ranging significantly across the county. 49795 has the highest median home price at $147,600.

Property Tax Assessment Values Across Vanderbilt, Charlevoix County, Michigan

Source: Ownwell

$200,000

$389,200

$578,400

Median Vanderbilt Market Value

$207,200

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 Vanderbilt, Charlevoix County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49795	$71,840	$122,550	$207,200	$318,400	$542,020

Source: Ownwell

Property Tax Bills Across Vanderbilt, Charlevoix County, Michigan

In Vanderbilt, located in Charlevoix County, MI, property tax bills are determined by the assessed value of a home, which is a percentage of the market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Factors such as property location, size, and local government budget requirements influence the assessed value. For Vanderbilt homeowners, the median property tax bill is $703, significantly below the national median of $2,400. However, tax bills can vary, with the 25th percentile at $427 and the 90th percentile reaching $2,313. This variability can impact homeowners' financial planning, making it essential to ensure their property is assessed fairly. Ownwell offers expert property tax appeal services to help homeowners in Vanderbilt potentially reduce their tax bills. By analyzing property assessments and market conditions, Ownwell identifies opportunities for appeals, ensuring homeowners only pay their fair share. This service can lead to significant savings, providing peace of mind and financial relief.

Property Tax Bills Across Vanderbilt, Charlevoix County, Michigan

Source: Ownwell

$1,280

$3,330

$5,379

Median Vanderbilt Tax Bill

$1,280

Median Charlevoix County Tax Bill

$2,666

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Vanderbilt, Charlevoix County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49795	$505	$749	$1,280	$2,200	$3,745

Source: Ownwell