Crystal Falls, Iron County, Michigan Property Taxes

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

Median Crystal Falls, MI effective property tax rate: 0.62%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Crystal Falls, MI home value: $93,500
Median annual Crystal Falls, MI tax bill: $575, $1,825 lower than the national median property tax bill of $2,400.

How are property taxes in Iron County calculated?

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

Last Updated March 1, 2025

Crystal Falls, Iron County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.62%

Estimate Property Tax Bill

$580

$538

Ownwell’s Crystal Falls Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Crystal Falls with just two data points. By entering your property's estimated assessed value, our calculator applies Crystal Falls’ 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 Iron County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Crystal Falls, Iron County, Michigan

Local government entities determine tax rates, which can differ significantly within Michigan. This variance arises because each county annually estimates the budget needed to provide services and divides it by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the core of the yearly process. In Crystal Falls, located in Iron County, the effective property tax rate is 0.62%. This rate is notably lower than the national median property tax rate of 1.02%. When compared to other cities in Michigan, Crystal Falls maintains a consistent rate, reflecting the lowest and highest median tax rates in the state. This consistency can be appealing for property owners looking for stability in their tax obligations. The lower property tax rate can also make Crystal Falls an attractive option for those seeking to reduce their annual property tax bills, especially when compared to the national median property tax bill of $2,400.

Property Tax Rates Across Crystal Falls, Iron County, Michigan

Source: Ownwell

0.33%

0.99%

1.66%

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 Crystal Falls Tax Rate

0.62%

Median Effective Iron County Tax Rate

0.75%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Crystal Falls, Iron County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49920	0.30%	0.48%	0.62%	0.80%	1.45%

Source: Ownwell

Property Tax Assessment Values Across Crystal Falls, Iron County, Michigan

When examining property taxes in Crystal Falls, 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 Iron 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: Iron 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 Crystal Falls. For example, the median home price in Crystal Falls is $93,500, with tax bills ranging significantly across the county. 49920 has the highest median home price at $93,500.

Property Tax Assessment Values Across Crystal Falls, Iron County, Michigan

Source: Ownwell

$37,000

$103,400

$169,800

Median Crystal Falls Market Value

$93,500

Median Iron County Market Value

$75,910

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Crystal Falls, Iron County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49920	$30,508	$55,340	$93,500	$158,200	$256,760

Source: Ownwell

Property Tax Bills Across Crystal Falls, Iron County, Michigan

In Crystal Falls, located in Iron County, MI, property tax bills are determined by the assessed value of a home, which is based on a percentage of the market value. The tax rate is applied to this assessed value to calculate the tax bill. Homeowners in Crystal Falls experience a range of property tax bills, with the 25th percentile at $317 and the 75th percentile at $1,040. The 90th percentile tax bill reaches $1,738. Compared to the national median tax bill of $2,400, homeowners in Crystal Falls generally pay less. However, these bills can still be a financial burden for many. Factors such as changes in property value and local tax rates can influence the bill each year. Ownwell can assist homeowners in Crystal Falls by providing expert property tax appeal and exemption services, potentially lowering their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure homeowners don't overpay, offering significant savings and peace of mind.

Property Tax Bills Across Crystal Falls, Iron County, Michigan

Source: Ownwell

$148

$679

$1,209

Median Crystal Falls Tax Bill

$575

Median Iron County Tax Bill

$661

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Crystal Falls, Iron County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49920	$143	$317	$575	$1,040	$1,738

Source: Ownwell