Cornell, Delta County, Michigan Property Taxes
Median Cornell, 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 Cornell, MI home value: $117,400
Median annual Cornell, MI tax bill: $446, $1,954 lower than the national median property tax bill of $2,400.
How are property taxes in Delta calculated?
Property taxes in Cornell, 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 Cornell’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cornell, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cornell, Delta County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.87%
Estimate Property Tax Bill
$1,376
$1,277
Property Tax Rates Across Cornell, Delta County, Michigan
Local government entities have the responsibility of setting tax rates, which can vary significantly across a state. This variation is due to the annual process where each county estimates its necessary budget to provide essential services and divides this amount by the total value of all taxable properties in its jurisdiction. The resulting figure is the property tax rate. While the process involves votes and legal regulations, this is the basic method used each year.
In Cornell, located in Delta County, Michigan, the effective property tax rate is 0.39%. This rate is considerably lower than both the state and national medians. The national median property tax rate stands at 1.02%, with a median tax bill of $2400. When comparing Cornell’s rate to other cities within Michigan, you’ll find it to be quite favorable, offering a significant advantage to property owners. Understanding these rates can provide insight into potential savings and help property owners make informed decisions about property tax appeals and exemptions.
Our median effective property tax rate (tax bill Ă· 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 Cornell Tax Rate
0.87%
Our median effective property tax rate (tax bill Ă· 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 Delta County Tax Rate
1.15%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cornell, Delta County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49818 | 0.48% | 0.65% | 0.87% | 1.16% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Cornell, Delta County, Michigan
When examining property taxes in Cornell, 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 Delta 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 Delta 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 Cornell.
For example, the median home price in Cornell is $117,400, with tax bills ranging significantly across the county. Zip code 49818 has the highest median home price at $117,400.
Property Tax Assessment Values Across Cornell, Delta County, Michigan
Source: Ownwell
$51,500
$117,250
$183,000
Median Cornell Market Value
$158,200
Median Delta County Market Value
$138,000
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cornell, Delta County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49818 | $54,520 | $92,000 | $158,200 | $237,600 | $349,960 |
Source: Ownwell
Property Tax Bills Across Cornell, Delta County, Michigan
Median Cornell Tax Bill
$1,317
Median Delta County Tax Bill
$1,626
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Cornell, Delta County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49818 | $468 | $795 | $1,317 | $2,108 | $3,007 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 9 |
Links | |
|---|---|
| Delta Tax Assessor | |
| Website | bsaonline.com |