Onaway, Cheboygan County, Michigan Property Taxes

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

Median Onaway, MI effective property tax rate: 0.40%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Onaway, MI home value: $118,000
Median annual Onaway, MI tax bill: $478, $1,922 lower than the national median property tax bill of $2,400.

How are property taxes in Cheboygan calculated?

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

Last Updated March 1, 2025

Onaway, Cheboygan County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.4%

Estimate Property Tax Bill

$472

$438

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

Property Tax Rates Across Onaway, Cheboygan County, Michigan

Local government entities set tax rates, which can vary widely within a state. Why? Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results 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. Below, you can compare Onaway’s effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S.

In Onaway, located in Cheboygan County, the property tax rate is significantly lower than the national median. Michigan's median property tax rate stands at 0.40%, which is less than half the national median rate of 1.02%. This makes Michigan an attractive state for property owners seeking lower tax burdens. Onaway residents benefit from this favorable tax environment, potentially resulting in considerable savings compared to other states. Property owners in Onaway can enjoy the advantages of lower taxes, making it an appealing choice for those looking to maximize their investment and minimize expenses.

Property Tax Rates Across Onaway, Cheboygan County, Michigan

Source: Ownwell

0.37%

0.77%

1.18%

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 Onaway Tax Rate

0.40%

Median Effective Cheboygan County Tax Rate

0.50%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Onaway, Cheboygan County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49765	0.29%	0.34%	0.40%	0.46%	0.58%

Source: Ownwell

Property Tax Assessment Values Across Onaway, Cheboygan County, Michigan

When examining property taxes in Onaway, 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 Cheboygan 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 Cheboygan 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 Onaway. For example, the median home price in Onaway is $118,000, with tax bills ranging significantly across the county. 49765 has the highest median home price at $118,000.

Property Tax Assessment Values Across Onaway, Cheboygan County, Michigan

Source: Ownwell

$100,600

$350,500

$600,400

Median Onaway Market Value

$118,000

Median Cheboygan County Market Value

$151,800

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Onaway, Cheboygan County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49765	$30,680	$65,900	$118,000	$183,200	$280,680

Source: Ownwell

Property Tax Bills Across Onaway, Cheboygan County, Michigan

In Onaway, located in Cheboygan County, MI, property tax bills are calculated based on the assessed value of a home, which is a percentage of the property's market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. The median home price in Onaway is $118,000, and homeowners can expect a tax bill that varies significantly, with amounts ranging from the 25th percentile at $241 to the 90th percentile at $1,331. Compared to the national median property tax bill of $2,400, Onaway's tax bills are relatively lower. However, these taxes can still impact homeowners' finances. Factors such as location and property characteristics influence the assessed value and, consequently, the tax bill. Ownwell offers services that help homeowners reduce their property tax bills by appealing inaccurate assessments and securing exemptions. By leveraging their expertise, Ownwell can help homeowners in Onaway potentially save hundreds of dollars annually, ensuring they pay only their fair share in property taxes.

Property Tax Bills Across Onaway, Cheboygan County, Michigan

Source: Ownwell

$410

$2,324

$4,238

Median Onaway Tax Bill

$478

Median Cheboygan County Tax Bill

$843

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Onaway, Cheboygan County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49765	$113	$241	$478	$791	$1,331

Source: Ownwell