Trout Creek, Houghton County, Michigan Property Taxes

Name: Property Tax Bills Across Trout Creek, Houghton County, Michigan
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Trout Creek, MI effective property tax rate: 0.74%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Trout Creek, MI home value: $65,387
Median annual Trout Creek, MI tax bill: $571, $1,829 lower than the national median property tax bill of $2,400.

How are property taxes in Houghton calculated?

Property taxes in Trout Creek, 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 Trout Creek’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Trout Creek, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Trout Creek, Houghton County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.25%

Estimate Property Tax Bill

$935

$868

Ownwell’s Trout Creek Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Trout Creek with just two data points. By entering your property's estimated assessed value, our calculator applies Trout Creek’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Houghton County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Trout Creek, Houghton County, Michigan

Local government entities set tax rates, which can vary widely within a state. Why? Because 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. Below, you can compare Trout Creek’s effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S.

Trout Creek, located in Houghton County, has a median property tax rate of 0.74%, which is notably lower than the national median of 1.02%. This means homeowners in Trout Creek enjoy a more favorable tax rate compared to the national average. While the highest and lowest median tax rates in Michigan are also 0.74%, it highlights the uniformity in property tax rates within this region. For homeowners in Trout Creek, this translates to a more manageable property tax bill compared to the national median of $2400. The lower tax rate can be an attractive factor for potential homeowners considering a move to this area, offering financial relief and stability.

Property Tax Rates Across Trout Creek, Houghton County, Michigan

Source: Ownwell

0.62%

1.11%

1.61%

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 Trout Creek Tax Rate

1.25%

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 Trout Creek, Houghton County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49967	0.67%	0.96%	1.25%	1.82%	2.13%

Source: Ownwell

Property Tax Assessment Values Across Trout Creek, Houghton County, Michigan

When examining property taxes in Trout Creek, 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. Assessment notices: 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 Trout Creek. For example, the median home price in Trout Creek is $65,387, with tax bills ranging significantly across the county. Zip code 49967 has the highest median home price at $65,387.

Property Tax Assessment Values Across Trout Creek, Houghton County, Michigan

Source: Ownwell

$15,600

$100,700

$185,800

Median Trout Creek Market Value

$74,824

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 Trout Creek, Houghton County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49967	$23,669	$46,083	$74,824	$122,028	$193,988

Source: Ownwell

Property Tax Bills Across Trout Creek, Houghton County, Michigan

In Trout Creek, Houghton County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in the area is $65,387. Property tax rates are applied to this assessed value to determine the tax bill. Factors influencing the assessed value include property size, location, and market trends. The typical tax bill in Trout Creek varies, with a 25th percentile bill at $276 and a 75th percentile bill at $917. This is significantly lower than the national median property tax bill of $2,400. Homeowners in Trout Creek benefit from these relatively low tax rates, but they can still face challenges if their property is over-assessed. Ownwell can assist homeowners by reviewing their property assessments and identifying potential inaccuracies. Through a thorough analysis, Ownwell helps residents potentially reduce their tax bills, ensuring they only pay their fair share. This service can lead to substantial savings, providing financial relief to property owners in Trout Creek.

Property Tax Bills Across Trout Creek, Houghton County, Michigan

Source: Ownwell

$126

$941

$1,756

Median Trout Creek Tax Bill

$938

Median Houghton County Tax Bill

$989

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Trout Creek, Houghton County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49967	$269	$560	$938	$1,513	$2,214

Source: Ownwell