Chassell, Houghton County, Michigan Property Taxes

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

Median Chassell, MI effective property tax rate: 0.73%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Chassell, MI home value: $155,067
Median annual Chassell, MI tax bill: $1,127, $1,273 lower than the national median property tax bill of $2,400.

How are property taxes in Houghton calculated?

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

Last Updated March 1, 2025

Chassell, Houghton County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.79%

Estimate Property Tax Bill

$1,468

$1,362

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

Property Tax Rates Across Chassell, Houghton County, Michigan

Local government entities determine tax rates, which can vary significantly within a state. This variation arises because each county, including Houghton County, calculates its required budget to provide essential services and divides this amount by the total assessed value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While the process involves votes and laws, this is the essence of how rates are set annually.

In Chassell, located in Houghton County, MI, the effective property tax rate is 0.73%. This rate is notably lower than the national median property tax rate of 1.02%, offering a more affordable property tax environment for residents. In comparison to other cities in Michigan, Chassell's tax rate stands out as particularly competitive. This favorable tax rate can be an attractive factor for potential property buyers or investors looking for opportunities in the state. Understanding these rates can help property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Chassell, Houghton County, Michigan

Source: Ownwell

0.62%

1.11%

1.61%

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 Chassell Tax Rate

0.79%

Median Effective Houghton County Tax Rate

0.91%

Median Effective Michigan Tax Rate

1.05%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Chassell, Houghton County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49916	0.48%	0.64%	0.79%	1.00%	1.39%

Source: Ownwell

Property Tax Assessment Values Across Chassell, Houghton County, Michigan

When examining property taxes in Chassell, 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 Houghton County Assessor 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 Houghton 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 Chassell. For example, the median home price in Chassell is $155,067, with tax bills ranging significantly across the county. 49916 has the highest median home price at $155,067.

Property Tax Assessment Values Across Chassell, Houghton County, Michigan

Source: Ownwell

$15,600

$100,700

$185,800

Median Chassell Market Value

$185,800

Median Houghton County Market Value

$112,995

Median Michigan Market Value

$213,740

Median United States Market Value

$235,294

Property Tax Assessment Values Across Chassell, Houghton County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49916	$65,400	$109,000	$185,800	$277,400	$388,600

Source: Ownwell

Property Tax Bills Across Chassell, Houghton County, Michigan

In Chassell, located in Houghton County, MI, property tax bills are calculated based on the assessed value of the home, which is a percentage of the property's market value. Local tax rates are then applied to this assessed value to determine the annual tax bill. Homeowners in Chassell can expect a median property tax bill of $1,127, which is lower than the national median of $2,400. This relatively lower tax burden can be attributed to the area's lower median home price of $155,067 compared to national figures. However, tax bills can vary significantly, with the 25th percentile at $633 and the 90th percentile reaching $2,722. Ownwell offers invaluable assistance to homeowners by helping them navigate the complex property tax appeal process and identifying potential exemptions. By leveraging their expertise, homeowners can potentially reduce their tax bills, ensuring they only pay what is fair. This service not only alleviates financial strain but also provides peace of mind, knowing that property taxes are optimized.

Property Tax Bills Across Chassell, Houghton County, Michigan

Source: Ownwell

$126

$941

$1,756

Median Chassell Tax Bill

$1,430

Median Houghton County Tax Bill

$989

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Chassell, Houghton County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49916	$491	$830	$1,430	$2,246	$3,419

Source: Ownwell