Pelkie, Houghton County, Michigan Property Taxes
Median Pelkie, 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 Pelkie, MI home value: $69,646
Median annual Pelkie, MI tax bill: $466, $1,934 lower than the national median property tax bill of $2,400.
How are property taxes in Houghton calculated?
Property taxes in Pelkie, 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 Pelkie’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Pelkie, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Pelkie, Houghton County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.83%
Estimate Property Tax Bill
$670
$621
Property Tax Rates Across Pelkie, 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 Pelkie Tax Rate
0.83%
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 Pelkie, Houghton County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49958 | 0.29% | 0.47% | 0.83% | 1.26% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Pelkie, Houghton County, Michigan
When examining property taxes in Pelkie, 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 Pelkie. For example, the median home price in Pelkie is $69,646, with tax bills ranging significantly across the county. 49958 has the highest median home price at $69,646.
Property Tax Assessment Values Across Pelkie, Houghton County, Michigan
Source: Ownwell
$15,600
$100,700
$185,800
Median Pelkie Market Value
$80,666
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 Pelkie, Houghton County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49958 | $12,795 | $38,519 | $80,666 | $144,190 | $217,216 |
Source: Ownwell
Property Tax Bills Across Pelkie, Houghton County, Michigan
In Pelkie, Houghton County, MI, property tax bills are calculated based on the assessed value of the home, which is determined as a percentage of the market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as location, property size, and improvements can influence the assessed value. Homeowners in Pelkie face a median property tax bill of $466, significantly lower than the national median of $2,400. However, tax bills can range from $224 at the 25th percentile to $1,356 at the 90th percentile, indicating variability based on property specifics.
For homeowners looking to reduce their property tax burden, Ownwell offers expert services in property tax appeals and exemptions. By analyzing property assessments and market conditions, Ownwell can identify opportunities for savings and guide homeowners through the appeal process. This personalized approach ensures homeowners are not overpaying on their property taxes, potentially saving them a substantial amount annually.
Median Pelkie Tax Bill
$565
Median Houghton County Tax Bill
$989
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Pelkie, Houghton County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49958 | $132 | $255 | $565 | $1,076 | $1,696 |
Source: Ownwell