Turner, Iosco County, Michigan Property Taxes

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

Median TURNER, MI effective property tax rate: 2.24%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median TURNER, MI home value: $45,475
Median annual TURNER, MI tax bill: $954, $1,446 lower than the national median property tax bill of $2,400.

How are property taxes in Iosco calculated?

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

Last Updated March 1, 2025

Turner, Iosco County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.03%

Estimate Property Tax Bill

$1,279

$1,187

Ownwell’s Turner Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Turner with just two data points. By entering your property's estimated assessed value, our calculator applies Turner’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. Turner residents face a median property tax bill of $954, which is significantly lower than the national median of $2400. This makes Turner an attractive location for property owners looking to minimize their tax burden.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Turner, Iosco County, Michigan

Local government entities set tax rates, which can vary widely within a state. 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 Turner’s effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S.

Turner, located in Iosco County, has a median property tax rate of 2.24%, significantly higher than the national median of 1.02%. This rate places Turner among the highest in Michigan, with the state’s median rate also at 2.24%. This means that Turner residents are paying more than double the national median property tax bill of $2,400. Understanding these figures can help property owners in Turner make informed decisions about their property tax appeals and exemptions, potentially leading to significant savings.

Property Tax Rates Across Turner, Iosco County, Michigan

Source: Ownwell

0.83%

1.08%

1.33%

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 Turner Tax Rate

1.03%

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 Turner, Iosco County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48765	0.71%	0.79%	1.03%	1.44%	1.58%

Source: Ownwell

Property Tax Assessment Values Across Turner, Iosco County, Michigan

When examining property taxes in Turner, 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 Turner. For example, the median home price in Turner is $45,475, with tax bills ranging significantly across the county. Zip code 48765 has the highest median home price at $45,475.

Property Tax Assessment Values Across Turner, Iosco County, Michigan

Source: Ownwell

$86,100

$146,050

$206,000

Median Turner Market Value

$124,200

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 Turner, Iosco County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48765	$49,060	$76,850	$124,200	$186,850	$246,620

Source: Ownwell

Property Tax Bills Across Turner, Iosco County, Michigan

In Turner, 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 then multiplied by the local tax rate to determine the annual tax bill. The median home price in Turner is $45,475, with property tax bills ranging from $545 at the 25th percentile to $2,207 at the 90th percentile. The median tax bill stands at $954, which is below the national median of $2,400, reflecting a relatively lower property tax burden for homeowners in this area. Factors like location, home size, and market conditions can influence the assessed value, impacting the final tax bill. Ownwell can assist homeowners by reviewing their property assessments and identifying potential errors or opportunities for exemptions, ultimately helping to reduce their tax burden. By leveraging expertise and local knowledge, Ownwell can ensure homeowners in Turner pay only their fair share of property taxes.

Property Tax Bills Across Turner, Iosco County, Michigan

Source: Ownwell

$733

$1,551

$2,369

Median Turner Tax Bill

$1,264

Median Iosco County Tax Bill

$1,419

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Turner, Iosco County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48765	$528	$874	$1,264	$1,884	$2,867

Source: Ownwell