Harbor Springs, Emmet County, Michigan Property Taxes
Median Harbor Springs, MI effective property tax rate: 0.95%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Harbor Springs, MI home value: $344,800
Median annual Harbor Springs, MI tax bill: $3,435, $1,035 higher than the national median property tax bill of $2,400.
How are property taxes in Emmet County calculated?
Property taxes in Harbor Springs, 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 Harbor Springs’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Harbor Springs, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Harbor Springs, Emmet County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.95%
Estimate Property Tax Bill
$3,276
$3,040
Property Tax Rates Across Harbor Springs, Emmet County, Michigan
Local government entities are responsible for setting tax rates, which can differ significantly within a state. This variation arises because each county annually estimates its required budget to provide essential services and then divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
Harbor Springs in Emmet County, Michigan, offers an interesting case study. The effective property tax rate here aligns with the county's median, which stands at 0.95%. This rate is slightly below the national median property tax rate of 1.02%. When comparing it to other cities in Michigan, Harbor Springs' rate is competitive, reflecting the county's efficient budgeting and property valuation practices.
For property owners in Harbor Springs, this means a tax rate that is lower than the national average, potentially translating to savings in annual property tax bills. Understanding these rates can empower property owners to make informed decisions about their investments and financial planning.
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 Harbor Springs Tax Rate
0.95%
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 Emmet County Tax Rate
0.97%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Harbor Springs, Emmet County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49740 | 0.60% | 0.75% | 0.95% | 1.26% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Harbor Springs, Emmet County, Michigan
When examining property taxes in Harbor Springs, 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 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 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 Harbor Springs.
For example, the median home price in Harbor Springs is $344,800, with tax bills ranging significantly across the county. The 49740 zip code has the highest median home price at $344,800.
Property Tax Assessment Values Across Harbor Springs, Emmet County, Michigan
Source: Ownwell
$135,400
$240,100
$344,800
Median Harbor Springs Market Value
$344,800
Median Emmet County Market Value
$259,800
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Harbor Springs, Emmet County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49740 | $111,860 | $215,200 | $344,800 | $610,000 | $1,210,940 |
Source: Ownwell
Property Tax Bills Across Harbor Springs, Emmet County, Michigan
In Harbor Springs, located in Emmet County, MI, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. This value is a percentage of the property's market value. Homeowners in Harbor Springs face a median property tax bill of $3,435, notably higher than the national median of $2,400. Factors such as property location, size, and improvements can influence the assessed value, subsequently affecting the tax bill. For homeowners, this means that any increase in the assessed value could lead to a higher tax bill, impacting their annual budget.
Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing local market trends and assessment practices, Ownwell helps homeowners identify potential discrepancies in their property's assessed value. This proactive approach can lead to a successful appeal, potentially reducing the tax burden. With Ownwell's expertise, homeowners can achieve significant savings and ensure their property taxes are fair and manageable.
Median Harbor Springs Tax Bill
$3,435
Median Emmet County Tax Bill
$2,560
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Harbor Springs, Emmet County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49740 | $1,298 | $2,068 | $3,435 | $6,628 | $12,987 |
Source: Ownwell