Houghton, Houghton County, Michigan Property Taxes
Median Houghton, MI effective property tax rate: 1.23%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Houghton, MI home value: $147,182
Median annual Houghton, MI tax bill: $1,626, $774 lower than the national median property tax bill of $2,400.
How are property taxes in Houghton calculated?
Property taxes in Houghton, 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 Houghton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Houghton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Houghton, Houghton County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.23%
Estimate Property Tax Bill
$1,810
$1,680
Property Tax Rates Across Houghton, Houghton County, Michigan
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 Houghton Tax Rate
1.23%
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 Houghton County Tax Rate
0.94%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Houghton, Houghton County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49931 | 0.39% | 0.70% | 1.23% | 1.57% | 1.79% |
Source: Ownwell
Property Tax Assessment Values Across Houghton, Houghton County, Michigan
When examining property taxes in Houghton, 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 appraiser 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 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 Houghton. For example, the median home price in Houghton is $147,182, with tax bills ranging significantly across the county. Zip code 49931 has the highest median home price at $147,182.
Property Tax Assessment Values Across Houghton, Houghton County, Michigan
Source: Ownwell
$9,600
$82,334
$155,067
Median Houghton Market Value
$147,182
Median Houghton County Market Value
$95,531
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Houghton, Houghton County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49931 | $23,320 | $92,582 | $147,182 | $245,243 | $360,454 |
Source: Ownwell
Property Tax Bills Across Houghton, Houghton County, Michigan
In Houghton, MI, property tax bills are calculated based on the assessed value of a home, which is influenced by the market value and specific assessment ratios. Homeowners in Houghton face a median property tax bill of $1,626, which is below the national median of $2,400. The tax bill can vary significantly, with the 25th percentile paying around $779 and the 90th percentile reaching up to $4,626. These variations are influenced by factors such as property location, size, and any applicable exemptions or deductions.
Homeowners in Houghton can benefit from appealing their property tax assessments, potentially lowering their tax bills. This is where Ownwell's expertise comes into play. By analyzing property data and identifying discrepancies in assessments, Ownwell helps homeowners challenge their tax bills effectively. With a deep understanding of local tax laws and procedures, Ownwell ensures that homeowners are not overpaying, offering a straightforward path to potential savings. This service is crucial for those looking to manage their property expenses efficiently.
Median Houghton Tax Bill
$1,626
Median Houghton County Tax Bill
$879
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Houghton, Houghton County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49931 | $238 | $779 | $1,626 | $2,770 | $4,626 |
Source: Ownwell