Oscoda, Iosco County, Michigan Property Taxes

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

Median Oscoda, MI effective property tax rate: 2.35%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Oscoda, MI home value: $48,100
Median annual Oscoda, MI tax bill: $1,088, $1,312 lower than the national median property tax bill of $2,400.

How are property taxes in Iosco calculated?

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

Last Updated March 1, 2025

Oscoda, Iosco County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.35%

Estimate Property Tax Bill

$1,130

$1,049

Ownwell’s Oscoda Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Oscoda with just two data points. By entering your property's estimated assessed value, our calculator applies Oscoda’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 Oscoda, 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. 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 Oscoda’s effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S. Oscoda, located in Iosco County, has a median property tax rate of 2.35%. This rate is notably higher than the national median property tax rate of 1.02%. Homeowners in Oscoda may find their tax bills significantly higher compared to the national median property tax bill of $2400. Understanding these dynamics can help property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Oscoda, 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 Oscoda Tax Rate

2.35%

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 Oscoda, Iosco County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48750	1.58%	1.77%	2.35%	3.18%	3.83%

Source: Ownwell

Property Tax Assessment Values Across Oscoda, Iosco County, Michigan

When examining property taxes in Oscoda, 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 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 Oscoda. For example, the median home price in Oscoda is $48,100, with tax bills ranging significantly across the county. 48750 has the highest median home price at $48,100.

Property Tax Assessment Values Across Oscoda, Iosco County, Michigan

Source: Ownwell

$32,050

$49,275

$66,500

Median Oscoda Market Value

$48,100

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 Oscoda, Iosco County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48750	$17,000	$34,400	$48,100	$74,500	$118,240

Source: Ownwell

Property Tax Bills Across Oscoda, Iosco County, Michigan

In Oscoda, located in Iosco County, MI, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, and local government authorities set the tax rate. With a median home price of $48,100, the tax bill can vary significantly. For instance, the 25th percentile tax bill is $708, while the 75th percentile reaches $1,843, and the 90th percentile can soar to $3,278. This variability impacts homeowners, as those with higher tax bills may face financial strain compared to the national median property tax bill of $2,400.

Ownwell assists homeowners in reducing their property tax bills by offering expert property tax appeal and exemption services. By analyzing property assessments and identifying potential discrepancies, Ownwell can help ensure homeowners are not overpaying. This service is invaluable in a region where property tax bills can range widely, providing potential savings and financial relief.

Property Tax Bills Across Oscoda, Iosco County, Michigan

Source: Ownwell

$726

$1,416

$2,106

Median Oscoda Tax Bill

$1,088

Median Iosco County Tax Bill

$1,150

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Oscoda, Iosco County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48750	$449	$708	$1,088	$1,843	$3,278

Source: Ownwell