Shepherd, Isabella County, Michigan Property Taxes
Median Shepherd, MI effective property tax rate: 1.26%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Shepherd, MI home value: $153,200
Median annual Shepherd, MI tax bill: $1,910, $490 lower than the national median property tax bill of $2,400.
How are property taxes in Isabella calculated?
Property taxes in Shepherd, 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 Shepherd’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Shepherd, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Shepherd, Isabella County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.47%
Estimate Property Tax Bill
$799
$741
Property Tax Rates Across Shepherd, Isabella County, Michigan
Local government entities in Michigan set property tax rates, which can vary widely within the state. Each year, Isabella County estimates its required budget to provide essential 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.
In Shepherd, located in Isabella County, the effective property tax rate is 1.26%. This rate is in line with the highest and lowest median tax rates in the area, which are also 1.26%. When comparing this to the national median property tax rate of 1.02%, Shepherd's rate is higher. Additionally, the national median property tax bill is $2,400, suggesting that property owners in Shepherd might experience higher tax bills compared to the national average. Understanding these rates can help property owners make informed decisions and potentially seek property tax appeal or exemption services if needed.
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 Shepherd Tax Rate
0.47%
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 Isabella County Tax Rate
1.16%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Shepherd, Isabella County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48883 | 0.35% | 0.41% | 0.47% | 0.64% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Shepherd, Isabella County, Michigan
When examining property taxes in Shepherd, 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 Isabella 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 Isabella 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 Shepherd.
For example, the median home price in Shepherd is $153,200, with tax bills ranging significantly across the county. Zip code 48883 has the highest median home price at $153,200.
Property Tax Assessment Values Across Shepherd, Isabella County, Michigan
Source: Ownwell
$74,400
$122,200
$170,000
Median Shepherd Market Value
$170,000
Median Isabella County Market Value
$159,600
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Shepherd, Isabella County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48883 | $82,200 | $121,500 | $170,000 | $223,600 | $290,000 |
Source: Ownwell
Property Tax Bills Across Shepherd, Isabella County, Michigan
Median Shepherd Tax Bill
$837
Median Isabella County Tax Bill
$1,856
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Shepherd, Isabella County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48883 | $382 | $553 | $837 | $1,341 | $2,176 |
Source: Ownwell