Hardwood, Dickinson County, Michigan Property Taxes
Median Hardwood, MI effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Hardwood, MI home value: $101,700
Median annual Hardwood, MI tax bill: $714, $1,686 lower than the national median property tax bill of $2,400.
How are property taxes in Dickinson calculated?
Property taxes in Hardwood, 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 Hardwood’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hardwood, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hardwood, Dickinson County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.61%
Estimate Property Tax Bill
$788
$731
Property Tax Rates Across Hardwood, Dickinson County, Michigan
Local government entities in Michigan set tax rates, which can vary widely within the state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting 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.
In Hardwood, located in Dickinson County, the effective property tax rate is 0.68%. This rate is notably lower than the national median property tax rate of 1.02%. The property tax rates in Hardwood are consistent within the region, with the highest and lowest median tax rates both being 0.68% in the zip code 49834. This consistency in tax rates can be advantageous for property owners, providing predictability in property tax bills.
Comparing Hardwood's rate to the national median property tax bill of $2400, property owners in this area may find themselves with a comparatively lower tax burden. This can make Hardwood an attractive option for those seeking affordable property taxes in 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 Hardwood Tax Rate
0.61%
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 Dickinson County Tax Rate
1.25%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hardwood, Dickinson County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49834 | 0.37% | 0.47% | 0.61% | 0.86% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Hardwood, Dickinson County, Michigan
When examining property taxes in Hardwood, 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 Dickinson County Assessor's Office 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 Dickinson 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 Hardwood. For example, the median home price in Hardwood is $101,700, with tax bills ranging significantly across the county. Zip code 49834 has the highest median home price at $101,700.
Property Tax Assessment Values Across Hardwood, Dickinson County, Michigan
Source: Ownwell
$51,400
$113,100
$174,800
Median Hardwood Market Value
$129,200
Median Dickinson County Market Value
$110,400
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hardwood, Dickinson County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49834 | $52,720 | $80,100 | $129,200 | $219,200 | $271,280 |
Source: Ownwell
Property Tax Bills Across Hardwood, Dickinson County, Michigan
Median Hardwood Tax Bill
$790
Median Dickinson County Tax Bill
$1,306
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Hardwood, Dickinson County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49834 | $356 | $573 | $790 | $1,237 | $2,093 |
Source: Ownwell