Nisula, Houghton County, Michigan Property Taxes
Median Nisula, MI effective property tax rate: 1.22%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%. Median Nisula, MI home value: $18,177. Median annual Nisula, MI tax bill: $204, $2,196 lower than the national median property tax bill of $2,400.
How are property taxes in Houghton calculated?
Property taxes in Nisula, 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 Nisula’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Nisula, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Nisula, Houghton County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.29%
Estimate Property Tax Bill
$272
$252
Property Tax Rates Across Nisula, Houghton County, Michigan
Local government entities determine tax rates, leading to significant variations across a state. Each year, counties assess their budgetary needs to maintain services and divide this by the total value of all taxable properties in their area. This process establishes the property tax rate. Although voting and legislative actions play roles in setting these rates and budgets, this annual calculation is the core method.
In Nisula, located in Houghton County, the effective property tax rate is 1.22%, which mirrors both the highest and lowest rates in the region. This rate is notably higher than the national median property tax rate of 1.02%. Property owners in Nisula face a tax rate that exceeds the national average, reflecting the county's budgetary requirements and property value considerations. By understanding these local tax rate dynamics, property owners can better navigate their financial responsibilities. Comparing Nisula’s effective property tax rate with state and national medians offers valuable insight into regional property tax trends and helps property owners make informed decisions regarding their property tax obligations.
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 Nisula Tax Rate
1.29%
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 Nisula, Houghton County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49952 | 0.74% | 1.03% | 1.29% | 1.83% | 1.95% |
Source: Ownwell
Property Tax Assessment Values Across Nisula, Houghton County, Michigan
When examining property taxes in Nisula, 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 Equalization Department 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 Nisula. For example, the median home price in Nisula is $18,177, with tax bills ranging significantly across the county. 49952 has the highest median home price at $18,177.
Property Tax Assessment Values Across Nisula, Houghton County, Michigan
Source: Ownwell
$15,600
$100,700
$185,800
Median Nisula Market Value
$21,070
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 Nisula, Houghton County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49952 | $9,948 | $10,082 | $21,070 | $62,726 | $125,338 |
Source: Ownwell
Property Tax Bills Across Nisula, Houghton County, Michigan
Median Nisula Tax Bill
$260
Median Houghton County Tax Bill
$989
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Nisula, Houghton County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49952 | $106 | $183 | $260 | $792 | $1,228 |
Source: Ownwell