Carp Lake, Emmet County, Michigan Property Taxes

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

Median Carp Lake, MI effective property tax rate: 1.14%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Carp Lake, MI home value: $143,800
Median annual Carp Lake, MI tax bill: $1,512, $888 lower than the national median property tax bill of $2,400.

How are property taxes in Emmet calculated?

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

Last Updated March 1, 2025

Carp Lake, Emmet County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.9%

Estimate Property Tax Bill

$1,672

$1,552

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

Property Tax Rates Across Carp Lake, Emmet County, Michigan

Local government entities are responsible for setting tax rates, which can vary widely within a state. This variation occurs because each county annually 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.

In Carp Lake, located in Emmet County, Michigan, the effective property tax rate is a reflection of this process. The median property tax rate in Michigan stands at 1.14%, which is slightly above the national median property tax rate of 1.02%. When comparing local rates to the national average, it's evident that property owners in Carp Lake might experience higher tax obligations relative to some other regions in the country. Understanding how these rates are determined can help property owners make informed decisions about appealing assessments or seeking exemptions.

Property Tax Rates Across Carp Lake, Emmet County, Michigan

Source: Ownwell

0.65%

0.98%

1.30%

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 Carp Lake Tax Rate

0.90%

Median Effective Emmet County Tax Rate

0.82%

Median Effective Michigan Tax Rate

1.05%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Carp Lake, Emmet County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49718	0.52%	0.65%	0.90%	1.20%	1.54%

Source: Ownwell

Property Tax Assessment Values Across Carp Lake, Emmet County, Michigan

When examining property taxes in Carp Lake, Michigan, 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 Emmet 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 Emmet County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Carp Lake. For example, the median home price in Carp Lake is $143,800, with tax bills ranging significantly across the county. 49718 has the highest median home price at $143,800.

Property Tax Assessment Values Across Carp Lake, Emmet County, Michigan

Source: Ownwell

$165,400

$321,300

$477,200

Median Carp Lake Market Value

$185,800

Median Emmet County Market Value

$350,200

Median Michigan Market Value

$213,740

Median United States Market Value

$235,294

Property Tax Assessment Values Across Carp Lake, Emmet County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49718	$63,040	$121,000	$185,800	$311,000	$490,760

Source: Ownwell

Property Tax Bills Across Carp Lake, Emmet County, Michigan

In Carp Lake, located in Emmet County, MI, property tax bills are determined by assessing the value of a home and applying the local property tax rate. With a median home price of $143,800, homeowners in this area typically see a range of tax bills. The 25th percentile tax bill is $899, while the 75th percentile reaches $2,515, and the 90th percentile can be as high as $3,834. Compared to the national median property tax bill of $2,400, Carp Lake's tax bills can vary significantly. Factors such as property size, location, and improvements contribute to the assessed value, impacting the final tax bill. Homeowners often face challenges if their property is over-assessed, leading to higher tax obligations. Ownwell offers a solution by providing property tax appeal and exemption services, helping homeowners potentially reduce their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell assists homeowners in securing fair and accurate tax bills, ensuring they don't pay more than necessary.

Property Tax Bills Across Carp Lake, Emmet County, Michigan

Source: Ownwell

$1,254

$2,620

$3,986

Median Carp Lake Tax Bill

$1,608

Median Emmet County Tax Bill

$2,939

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Carp Lake, Emmet County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49718	$598	$966	$1,608	$2,752	$4,382

Source: Ownwell