Hancock, Houghton County, Michigan Property Taxes
Property Taxes in Hancock, Michigan
Median Hancock, Michigan effective property tax rate: 0.85%, significantly lower than the national median of 1.02%, and lower than the Michigan state median of 1.05%.
Median Hancock, Michigan home value: $161,488
Median annual Hancock, Michigan tax bill: $1,468, lower than the national median property tax bill of $2,400.
How are property taxes in Houghton calculated?
Property taxes in Hancock, 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 Hancock's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hancock, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Hancock, Houghton County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.85%
Estimate Property Tax Bill
$1,373
$1,274
How Does the Hancock Property Tax Calculator Work?
Use this Hancock property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Hancock's median effective tax rate of 0.85% — based on actual property records in Houghton County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment system uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Hancock's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Hancock's median effective tax rate is lower than Houghton County's 1.05% and higher than Michigan's state median tax rate of 1.05%, while the median tax bill is $1,468, which is $932 lower than the state median tax bill.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Hancock.
About Hancock Property Taxes
About Property Taxes in Hancock, Houghton, Michigan
Hancock’s median effective property tax rate of 0.85% is lower than the Michigan state median of 1.05% and lower than the national median of 1.02%. This rate reflects the Houghton 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 Hancock. Homeowners in the 49930 ZIP code carry a median effective rate of 0.85%, while those in the same ZIP code also pay 0.85%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Houghton County. Understanding which part of Hancock you live in can make a meaningful difference to your annual tax bill.
Hancock 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 Hancock, Houghton 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 Hancock'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 Ă· 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 Hancock Tax Rate
0.85%
Our median effective property tax rate (tax bill Ă· 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 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 Hancock, Houghton County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49930 | 0.29% | 0.46% | 0.85% | 1.40% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Hancock, Houghton County, Michigan
When examining property taxes in Hancock, 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 Houghton 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 Houghton County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of February.
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 Hancock.
For example, the median home price in Hancock is $161,488, with tax bills ranging significantly across the county. 49930 has the highest median home price at $161,488.
Property Tax Assessment Values Across Hancock, Houghton County, Michigan
Source: Ownwell
$15,600
$100,700
$185,800
Median Hancock Market Value
$161,488
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 Hancock, Houghton County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49930 | $72,163 | $110,158 | $161,488 | $260,087 | $372,130 |
Source: Ownwell
Property Tax Bills Across Hancock, Houghton County, Michigan
Property tax bills in Hancock are calculated from the assessed value of a home and the local tax rate set by taxing authorities. When a property’s market value rises, the assessed value can increase too, which may lead to a higher tax bill. For homeowners, this means the amount owed is tied not just to the home itself, but also to how local governments fund services through property taxes.
With a median home price of $161,488, Hancock homeowners face property tax bills that can vary widely based on neighborhood and assessment details. The 25th percentile tax bill is $695, while the 75th percentile is $2,458 and the 90th percentile reaches $3,985. In ZIP code 49930, the median tax bill is $1,468.
Compared with the national median property tax rate of 1.02% and the national median property tax bill of $2,400, Hancock’s bills show how local assessments and rates can create very different outcomes for homeowners.
Median Hancock Tax Bill
$1,468
Median Houghton County Tax Bill
$989
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Hancock, Houghton County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49930 | $277 | $695 | $1,468 | $2,458 | $3,985 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 9 |
Links | |
|---|---|
| Houghton Tax Assessor | |
| Website | bsaonline.com |