Mcmillan, Mackinac County, Michigan Property Taxes

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

Median McMillan, MI effective property tax rate: 1.05%, slightly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median McMillan, MI home value: $191,600
Median annual McMillan, MI tax bill: $1,643, $757 lower than the national median property tax bill of $2,400.

How are property taxes in Mackinac calculated?

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

Last Updated March 1, 2025

Mcmillan, Mackinac County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.05%

Estimate Property Tax Bill

$2,012

$1,867

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

Property Tax Rates Across Mcmillan, Mackinac County, Michigan

As noted earlier, local government entities set tax rates, which can vary widely within a state. Why? Because 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 McMillan’s effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S. In McMillan, located in Mackinac County, the property tax rate is slightly above the national median, reflecting the unique financial requirements and property values of the area. Compared to the national median property tax rate of 1.02%, Michigan's median property tax rate is slightly higher at 1.05%. This slight difference underscores the importance of understanding local tax dynamics, as they can significantly impact property owners' annual expenses. By examining McMillan's tax rate in the context of Michigan and national averages, property owners can better assess their tax obligations and potential savings opportunities.

Property Tax Rates Across Mcmillan, Mackinac County, Michigan

Source: Ownwell

0.37%

0.81%

1.25%

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 Mcmillan Tax Rate

1.05%

Median Effective Mackinac County Tax Rate

0.81%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mcmillan, Mackinac County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49853	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Mcmillan, Mackinac County, Michigan

When examining property taxes in McMillan, 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 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: In Mackinac County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 McMillan. For example, the median home price in McMillan is $191,600, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Mcmillan, Mackinac County, Michigan

Source: Ownwell

$4,700

$224,750

$444,800

Median Mcmillan Market Value

$191,600

Median Mackinac County Market Value

$123,200

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mcmillan, Mackinac County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49853	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Mcmillan, Mackinac County, Michigan

In McMillan, located in Mackinac County, Michigan, property tax bills are calculated based on the assessed value of the home, which is typically set at half of the market value. With a median home price of $191,600 in the area, homeowners can expect their property tax bills to fall around the 25th percentile of $1,338 or the 75th percentile of $1,809, depending on their property's assessed value and applicable tax rates. This range is notably below the national median property tax bill of $2,400, highlighting a relatively lower tax burden for residents. Factors such as local tax rates and the home's assessed value play significant roles in determining the final tax bill. Homeowners in McMillan can benefit from consulting with Ownwell, which specializes in property tax appeals and exemptions. By leveraging their expertise, homeowners can potentially reduce their tax bills, ensuring they pay only what is necessary. This not only helps in saving money but also provides peace of mind regarding property tax obligations.

Property Tax Bills Across Mcmillan, Mackinac County, Michigan

Source: Ownwell

$15

$1,849

$3,682

Median Mcmillan Tax Bill

$1,643

Median Mackinac County Tax Bill

$942

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Mcmillan, Mackinac County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49853	N/A	N/A	N/A	N/A	N/A

Source: Ownwell