Ithaca, Gratiot County, Michigan Property Taxes
Property Taxes in Ithaca, Michigan
Median Ithaca, Michigan effective property tax rate: 1.13%, significantly higher than the national median of 1.02%, and higher than the Michigan state median of 1.05%.
Median Ithaca, Michigan home value: $148,400
Median annual Ithaca, Michigan tax bill: $1,627, $773 lower than the national median property tax bill of $2,400.
How are property taxes in Gratiot calculated?
Property taxes in Ithaca, Michigan 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 Ithaca's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ithaca, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Ithaca, Gratiot County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.13%
Estimate Property Tax Bill
$1,677
$1,556
How Does the Ithaca Property Tax Calculator Work?
Use this Ithaca property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Ithaca's median effective tax rate of 1.13% — based on actual property records in Gratiot County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Ithaca's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Ithaca: rates range from 1.13% in 48847 to 1.13% in 48847, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Ithaca.
About Ithaca Property Taxes
About Property Taxes in Ithaca, Gratiot, Michigan
Ithaca’s median effective property tax rate of 1.13% is higher than the Michigan state median of 1.05% and higher than the national median of 1.02%. This rate reflects the Gratiot County base levy combined with local school district levies and Tax increment finance districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Ithaca. Homeowners in the 48847 ZIP code carry a median effective rate of 1.13%, while those in the same ZIP code pay 1.13%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Gratiot County. Understanding which part of Ithaca you live in can make a meaningful difference to your annual tax bill.
Ithaca homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the March 9, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Ithaca, Gratiot County, Michigan
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county 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.
Below, you can compare Ithaca's effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S.
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 Ithaca Tax Rate
1.13%
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 Gratiot County Tax Rate
1.13%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Ithaca, Gratiot County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48847 | 0.62% | 0.81% | 1.13% | 1.44% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Ithaca, Gratiot County, Michigan
When examining property taxes in Ithaca, 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 Gratiot 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.
Assessment notices:
In Gratiot County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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 Ithaca.
For example, the median home price in Ithaca is $148,400, with tax bills ranging significantly across the county. 48847 has the highest median home price at $148,400.
Property Tax Assessment Values Across Ithaca, Gratiot County, Michigan
Source: Ownwell
$64,500
$134,300
$204,100
Median Ithaca Market Value
$148,400
Median Gratiot County Market Value
$138,800
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Ithaca, Gratiot County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48847 | $49,400 | $109,000 | $148,400 | $200,300 | $265,880 |
Source: Ownwell
Property Tax Bills Across Ithaca, Gratiot County, Michigan
Property tax bills in Ithaca are based on the assessed value of a home and the local tax rate set by taxing authorities. When a property is assessed, that value is used to calculate the bill, so homes with higher assessed values generally owe more. Local budgets, school funding, and other public services all influence the rate, which means the final bill can vary even among similar homes.
For Ithaca homeowners, the median home price is $148,400, and the median property tax bill is $1,627. That is below the $2,400 national median property tax bill, but bills can still differ widely across the city. The 25th percentile tax bill is $1,113, while the 75th percentile is $2,212 and the 90th percentile reaches $3,033. These differences show how assessment and local rates can affect what homeowners pay each year.
Median Ithaca Tax Bill
$1,627
Median Gratiot County Tax Bill
$1,566
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Ithaca, Gratiot County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48847 | $559 | $1,113 | $1,627 | $2,212 | $3,033 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 9 |
Links | |
|---|---|
| Gratiot Tax Assessor | |
| Website | bsaonline.com |