South Range, Houghton County, Michigan Property Taxes
Median South Range, MI effective property tax rate: 1.66%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median South Range, MI home value: $94,010
Median annual South Range, MI tax bill: $1,434, $966 lower than the national median property tax bill of $2,400.
How are property taxes in Houghton calculated?
Property taxes in South Range, 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 South Range’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in South Range, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
South Range, Houghton County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.58%
Estimate Property Tax Bill
$1,657
$1,537
Property Tax Rates Across South Range, Houghton County, Michigan
Local government entities are responsible for setting property tax rates, which can vary significantly within Michigan. This variation arises because each county annually estimates its budget for providing essential services and divides it by the total value of all taxable property in its area. This calculation determines the property tax rate. Although votes and legislation play roles in establishing tax rates and budgets, this is the core of the annual process.
In South Range, located in Houghton County, the effective property tax rate is 1.66%. This rate is notably higher than the national median property tax rate of 1.02%. When comparing South Range's rate to other cities in Michigan, it is clear that property owners in this area experience a relatively higher tax burden. The median property tax rate in Michigan aligns with South Range's rate, indicating a consistency in tax assessment practices within the state.
Understanding these rates can help property owners in South Range and Houghton County better anticipate their annual tax obligations and plan accordingly. This insight is crucial for effective financial planning and ensuring compliance with local tax requirements.
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 South Range Tax Rate
1.58%
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 South Range, Houghton County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49963 | 1.01% | 1.24% | 1.58% | 1.88% | 2.32% |
Source: Ownwell
Property Tax Assessment Values Across South Range, Houghton County, Michigan
When examining property taxes in South Range, 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 South Range. For example, the median home price in South Range is $94,010, with tax bills ranging significantly across the county. Zip code 49963 has the highest median home price at $94,010.
Property Tax Assessment Values Across South Range, Houghton County, Michigan
Source: Ownwell
$15,600
$100,700
$185,800
Median South Range Market Value
$104,842
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 South Range, Houghton County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49963 | $51,336 | $76,354 | $104,842 | $144,478 | $196,129 |
Source: Ownwell
Property Tax Bills Across South Range, Houghton County, Michigan
In South Range, property tax bills are determined by assessing the property's value, with the median home price standing at $94,010. The tax rate is applied to this assessed value to calculate the annual tax bill. In Houghton County, the median property tax bill is $1,434, which is below the national median of $2,400. Factors influencing the tax bill include the property's location, size, and condition. Homeowners in South Range may find their tax bills ranging from $1,017 at the 25th percentile to $3,136 at the 90th percentile, reflecting the variability in property values and assessments.
For homeowners looking to reduce their property tax burden, Ownwell offers valuable assistance. By providing expert property tax appeal and exemption services, Ownwell helps identify potential discrepancies in property assessments, ensuring homeowners are not overpaying. This can lead to significant savings, allowing homeowners to allocate their resources more effectively. With Ownwell's support, navigating the complexities of property tax assessments becomes a more manageable and less daunting task.
Median South Range Tax Bill
$1,550
Median Houghton County Tax Bill
$989
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across South Range, Houghton County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49963 | $761 | $1,104 | $1,550 | $2,196 | $3,270 |
Source: Ownwell