Glennie, Iosco County, Michigan Property Taxes

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

Median GLENNIE, MI effective property tax rate: 2.38%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median GLENNIE, MI home value: $32,050
Median annual GLENNIE, MI tax bill: $726, $1,674 lower than the national median property tax bill of $2,400.

How are property taxes in Iosco calculated?

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

Last Updated March 1, 2025

Glennie, Iosco County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.38%

Estimate Property Tax Bill

$763

$708

Ownwell’s Glennie Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Glennie with just two data points. By entering your property's estimated assessed value, our calculator applies Glennie’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 Glennie, Iosco County, Michigan

Local government entities set tax rates, which can vary widely within a state. 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 there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Glennie, located in Iosco County, Michigan, the effective property tax rate stands at a notable 2.38%. This rate is significantly higher than the national median property tax rate of 1.02%. Comparatively, Michigan's median property tax rate is also 2.38%, aligning Glennie with the state average. This means property owners in Glennie experience tax rates that are consistent with the highest rates within the state. Understanding these rates is crucial for property owners seeking to manage their tax obligations effectively. By comparing Glennie's rates to the national figures, residents can gain insight into their relative tax burden, highlighting the importance of exploring property tax appeal and exemption opportunities to potentially reduce their financial liability.

Property Tax Rates Across Glennie, Iosco County, Michigan

Source: Ownwell

2.00%

2.63%

3.26%

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 Glennie Tax Rate

2.38%

Median Effective Iosco County Tax Rate

2.40%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Glennie, Iosco County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48737	1.44%	1.96%	2.38%	3.15%	3.98%

Source: Ownwell

Property Tax Assessment Values Across Glennie, Iosco County, Michigan

When examining property taxes in Glennie, 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 Equalization Department 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 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 Glennie. For example, the median home price in Glennie is $32,050, with tax bills ranging significantly across the county. 48737 has the highest median home price at $32,050.

Property Tax Assessment Values Across Glennie, Iosco County, Michigan

Source: Ownwell

$32,050

$49,275

$66,500

Median Glennie Market Value

$32,050

Median Iosco County Market Value

$51,600

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Glennie, Iosco County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48737	$12,630	$20,375	$32,050	$46,175	$65,710

Source: Ownwell

Property Tax Bills Across Glennie, Iosco County, Michigan

In Glennie, located in Iosco County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is a percentage of the home's market value, with the median home price in Glennie being $32,050. The property tax rate is then applied to this assessed value to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. Homeowners in Glennie face a median property tax bill of $726, which is significantly lower than the national median of $2,400. However, tax bills can vary, with the 25th percentile at $496 and the 90th percentile reaching $1,565. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By ensuring that properties are fairly assessed, Ownwell helps reduce the financial burden on homeowners, potentially lowering their tax bills and providing peace of mind.

Property Tax Bills Across Glennie, Iosco County, Michigan

Source: Ownwell

$726

$1,416

$2,106

Median Glennie Tax Bill

$726

Median Iosco County Tax Bill

$1,150

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Glennie, Iosco County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48737	$353	$496	$726	$1,093	$1,565

Source: Ownwell