Hubbell, Houghton County, Michigan Property Taxes
Median Hubbell, MI effective property tax rate: 0.69%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%. Median Hubbell, MI home value: $66,849. Median annual Hubbell, MI tax bill: $491, $1,909 lower than the national median property tax bill of $2,400.
How are property taxes in Houghton calculated?
Property taxes in Hubbell, 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 Hubbell’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hubbell, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hubbell, Houghton County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.67%
Estimate Property Tax Bill
$513
$476
Property Tax Rates Across Hubbell, Houghton County, Michigan
Local government entities determine tax rates, which can vary significantly within a state. This is because each county annually calculates its budget to fund services and divides it by the total value of all taxable property in the area, resulting in the property tax rate. While votes and legal frameworks play a role in setting these rates and budgets, this is the essence of the yearly process.
In Hubbell, located in Houghton County, the effective property tax rate stands at 0.69%, which is notably lower than the national median property tax rate of 1.02%. This makes Hubbell an attractive option for property owners seeking lower tax burdens. The median tax rate in Hubbell is also consistent across the county, with no variation between the highest and lowest median rates, both recorded at 0.69% within the same zip code, 49934. This uniformity provides predictability for homeowners in the area. Comparing Hubbell’s rate to other cities in Michigan, it's evident that residents benefit from a favorable tax environment, underscoring the appeal of this community for potential homebuyers looking for cost-effective property ownership.
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 Hubbell Tax Rate
0.67%
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
0.91%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hubbell, Houghton County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49934 | 0.40% | 0.54% | 0.67% | 1.06% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Hubbell, Houghton County, Michigan
When examining property taxes in Hubbell, 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 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 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 Hubbell. For example, the median home price in Hubbell is $66,849, with tax bills ranging significantly across the county. 49934 has the highest median home price at $66,849.
Property Tax Assessment Values Across Hubbell, Houghton County, Michigan
Source: Ownwell
$15,600
$100,700
$185,800
Median Hubbell Market Value
$76,494
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 Hubbell, Houghton County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49934 | $31,314 | $55,172 | $76,494 | $106,889 | $140,334 |
Source: Ownwell
Property Tax Bills Across Hubbell, Houghton County, Michigan
Median Hubbell Tax Bill
$539
Median Houghton County Tax Bill
$989
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Hubbell, Houghton County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49934 | $238 | $352 | $539 | $814 | $1,135 |
Source: Ownwell