Gould City, Mackinac County, Michigan Property Taxes

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

Median Gould City, MI effective property tax rate: 0.78%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Gould City, MI home value: $97,000
Median annual Gould City, MI tax bill: $598, $1,802 lower than the national median property tax bill of $2,400.

How are property taxes in Mackinac calculated?

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

Last Updated March 1, 2025

Gould City, Mackinac County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.07%

Estimate Property Tax Bill

$1,254

$1,164

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

Property Tax Rates Across Gould City, Mackinac County, Michigan

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation is due to each county estimating its required budget to provide essential services and dividing 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, this is the annual process in a nutshell.

In Gould City, located in Mackinac County, the effective property tax rate stands at 0.78%. This rate is notably lower than the national median property tax rate of 1.02%. When you consider the median property tax rate in Michigan, Gould City offers a competitive rate for homeowners. This lower tax rate can be a significant factor for potential homeowners and investors when deciding on property purchases, as it can lead to substantial savings over time. Comparing Gould City's tax rate to the national median highlights the potential financial benefits of owning property in this region.

Property Tax Rates Across Gould City, Mackinac County, Michigan

Source: Ownwell

0.35%

1.07%

1.78%

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 Gould City Tax Rate

1.07%

Median Effective Mackinac County Tax Rate

0.87%

Median Effective Michigan Tax Rate

1.05%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Gould City, Mackinac County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49838	0.64%	0.73%	1.07%	1.40%	1.65%

Source: Ownwell

Property Tax Assessment Values Across Gould City, Mackinac County, Michigan

When examining property taxes in Gould City, Michigan, 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 Mackinac 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. Assessment notices: Mackinac County sends assessment notices 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 Gould City. For example, the median home price in Gould City is $97,000, with tax bills ranging significantly across the county. 49838 has the highest median home price at $97,000.

Property Tax Assessment Values Across Gould City, Mackinac County, Michigan

Source: Ownwell

$6,000

$241,250

$476,500

Median Gould City Market Value

$117,200

Median Mackinac County Market Value

$137,800

Median Michigan Market Value

$213,740

Median United States Market Value

$235,294

Property Tax Assessment Values Across Gould City, Mackinac County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49838	$37,000	$68,200	$117,200	$176,200	$258,680

Source: Ownwell

Property Tax Bills Across Gould City, Mackinac County, Michigan

In Gould City, located in Mackinac County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is typically a percentage of the market value of the property. Homeowners in Gould City face a median property tax bill of $598, significantly lower than the national median property tax bill of $2,400. However, property tax bills can vary widely, with the 25th percentile at $323 and the 90th percentile reaching $1,723. These variations depend on factors such as property size, location, and improvements. Despite the relatively low median tax bill, homeowners can still benefit from professional assistance to ensure they are not overpaying. Ownwell offers property tax appeal services that help homeowners identify potential savings by analyzing their property tax assessments and filing appeals on their behalf. By leveraging Ownwell's expertise, homeowners in Gould City can potentially lower their property tax bills and keep more money in their pockets.

Property Tax Bills Across Gould City, Mackinac County, Michigan

Source: Ownwell

$51

$2,934

$5,817

Median Gould City Tax Bill

$1,158

Median Mackinac County Tax Bill

$1,091

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Gould City, Mackinac County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49838	$372	$621	$1,158	$1,911	$2,944

Source: Ownwell