Farwell, Clare County, Michigan Property Taxes

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

Median Farwell, MI effective property tax rate: 0.39%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Farwell, MI home value: $119,984
Median annual Farwell, MI tax bill: $500, $1,900 lower than the national median property tax bill of $2,400.

How are property taxes in Clare calculated?

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

Last Updated March 1, 2025

Farwell, Clare County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.39%

Estimate Property Tax Bill

$468

$434

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

Property Tax Rates Across Farwell, Clare County, Michigan

Local government entities determine tax rates, which can differ significantly across a state. This is because each county calculates its budget needs annually to fund services and divides this by the total value of all taxable property within its area. This process establishes the property tax rate. Despite the influence of votes and legislation in determining tax rates and budgets, this is essentially how it is done every year.

Below, you can compare Farwell’s effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S. Farwell, located in Clare County, offers a property tax rate that is significantly lower than both the state and national averages. With Michigan’s median property tax rate standing at 1.54%, Farwell’s rate is notably more affordable, providing property owners with a substantial advantage. When compared to the national median property tax rate of 1.02%, Farwell’s rate is impressively low, making it an attractive option for property owners seeking to lower their tax burden. This favorable tax environment can make a significant difference in overall property expenses.

Property Tax Rates Across Farwell, Clare County, Michigan

Source: Ownwell

0.30%

0.56%

0.82%

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 Farwell Tax Rate

0.39%

Median Effective Clare County Tax Rate

0.40%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Farwell, Clare County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48622	0.32%	0.36%	0.39%	0.43%	0.75%

Source: Ownwell

Property Tax Assessment Values Across Farwell, Clare County, Michigan

When examining property taxes in Farwell, 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 Clare County Equalization Department 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 Clare 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 Farwell. For example, the median home price in Farwell is $119,984, with tax bills ranging significantly across the county. 48622 has the highest median home price at $119,984.

Property Tax Assessment Values Across Farwell, Clare County, Michigan

Source: Ownwell

$69,200

$125,200

$181,200

Median Farwell Market Value

$119,984

Median Clare County Market Value

$85,200

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Farwell, Clare County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48622	$34,622	$73,580	$119,984	$177,200	$238,932

Source: Ownwell

Property Tax Bills Across Farwell, Clare County, Michigan

In Farwell, MI, property tax bills are calculated based on the assessed value of a home. This value is determined by the local assessor and should ideally reflect the property's market value. The median home price in Farwell is $119,984, which influences the assessed value and, consequently, the tax bill. Homeowners in Farwell can expect a median property tax bill of around $500, significantly lower than the national median of $2,400. However, tax bills can vary, with the 25th percentile at $311 and the 90th percentile reaching $990. These variations depend on factors such as property size, location, and any applicable exemptions. Homeowners may find their tax bills burdensome, especially if their property's assessed value doesn't accurately reflect its market value. Ownwell can assist by reviewing assessments for inaccuracies and filing appeals to ensure fair taxation. By leveraging expertise in property tax laws and local market conditions, Ownwell helps homeowners potentially lower their tax obligations, ensuring they only pay their fair share.

Property Tax Bills Across Farwell, Clare County, Michigan

Source: Ownwell

$278

$560

$841

Median Farwell Tax Bill

$500

Median Clare County Tax Bill

$399

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Farwell, Clare County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48622	$147	$311	$500	$720	$990

Source: Ownwell