Sidnaw, Houghton County, Michigan Property Taxes
Median Sidnaw, MI effective property tax rate: 1.05%, slightly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Sidnaw, MI home value: $62,426
Median annual Sidnaw, MI tax bill: $692, $1,708 lower than the national median property tax bill of $2,400.
How are property taxes in Houghton calculated?
Property taxes in Sidnaw, 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 Sidnaw’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sidnaw, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Sidnaw, Houghton County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.21%
Estimate Property Tax Bill
$885
$821
Property Tax Rates Across Sidnaw, Houghton County, Michigan
Local government entities set tax rates, which can vary widely within a state. 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.
In Sidnaw, located in Houghton County, Michigan, the effective property tax rate stands at 1.05%. This is slightly above the national median property tax rate of 1.02%, reflecting the local government's budgetary requirements and property values. When comparing Sidnaw’s rate to other cities within Michigan, it aligns precisely with the state’s median property tax rate. This consistency indicates that Sidnaw's property tax rate is representative of the broader trends within Michigan.
Despite the uniformity across the state, it's essential for property owners to remain informed about their specific tax obligations, as local variations can occur. Understanding these rates can empower property owners to make informed decisions about their investments and potential tax appeals.
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 Sidnaw Tax Rate
1.21%
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 Sidnaw, Houghton County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49961 | 0.59% | 0.82% | 1.21% | 1.82% | 2.03% |
Source: Ownwell
Property Tax Assessment Values Across Sidnaw, Houghton County, Michigan
When examining property taxes in Sidnaw, 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.
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 Sidnaw. For example, the median home price in Sidnaw is $62,426, with tax bills ranging significantly across the county. 49961 has the highest median home price at $62,426.
Property Tax Assessment Values Across Sidnaw, Houghton County, Michigan
Source: Ownwell
$15,600
$100,700
$185,800
Median Sidnaw Market Value
$73,141
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 Sidnaw, Houghton County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49961 | $23,273 | $49,490 | $73,141 | $117,134 | $163,872 |
Source: Ownwell
Property Tax Bills Across Sidnaw, Houghton County, Michigan
Median Sidnaw Tax Bill
$885
Median Houghton County Tax Bill
$989
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Sidnaw, Houghton County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49961 | $281 | $453 | $885 | $1,413 | $2,079 |
Source: Ownwell