East Tawas, Iosco County, Michigan Property Taxes
Median East Tawas, MI effective property tax rate: 2.44%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median East Tawas, MI home value: $62,950
Median annual East Tawas, MI tax bill: $1,489, $911 lower than the national median property tax bill of $2,400.
How are property taxes in Iosco calculated?
Property taxes in East Tawas, 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 East Tawas’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in East Tawas, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
East Tawas, Iosco County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.17%
Estimate Property Tax Bill
$1,895
$1,759
Ownwell’s East Tawas Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in East Tawas with just two data points.
By entering your property's estimated assessed value, our calculator applies East Tawas’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 Iosco County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across East Tawas, Iosco County, Michigan
Local government entities set tax rates, which can vary widely within a state. This is 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, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In East Tawas, located in Iosco County, Michigan, the effective property tax rate is a notable point of comparison. The city's median property tax rate stands at 2.44%, which is significantly higher than the national median rate of 1.02%. This places East Tawas among the higher property tax areas, not only within Michigan but also compared to the national average.
Understanding these rates is crucial for property owners, as it directly impacts their annual tax bills. With the national median property tax bill at $2400, residents in East Tawas may find themselves paying considerably more. By evaluating these figures, property owners can better understand their tax obligations and consider potential appeals or exemptions to manage their expenses effectively.
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 East Tawas Tax Rate
1.17%
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 Iosco County Tax Rate
1.10%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across East Tawas, Iosco County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48730 | 0.77% | 0.92% | 1.17% | 1.48% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across East Tawas, Iosco County, Michigan
When examining property taxes in East Tawas, 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 Iosco 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 Iosco County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 East Tawas.
For example, the median home price in East Tawas is $62,950, with tax bills ranging significantly across the county. Zip code 48730 has the highest median home price at $62,950.
Property Tax Assessment Values Across East Tawas, Iosco County, Michigan
Source: Ownwell
$86,100
$146,050
$206,000
Median East Tawas Market Value
$162,000
Median Iosco County Market Value
$135,400
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across East Tawas, Iosco County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48730 | $68,400 | $107,200 | $162,000 | $245,200 | $386,560 |
Source: Ownwell
Property Tax Bills Across East Tawas, Iosco County, Michigan
Median East Tawas Tax Bill
$1,842
Median Iosco County Tax Bill
$1,419
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across East Tawas, Iosco County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48730 | $798 | $1,247 | $1,842 | $2,857 | $4,556 |
Source: Ownwell