Free Soil, Manistee County, Michigan Property Taxes
Median Free Soil, 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 Free Soil, MI home value: $175,600
Median annual Free Soil, MI tax bill: $1,685, $715 lower than the national median property tax bill of $2,400.
How are property taxes in Manistee calculated?
Property taxes in Free Soil, 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 Free Soil’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Free Soil, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Free Soil, Manistee County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.05%
Estimate Property Tax Bill
$1,844
$1,711
Property Tax Rates Across Free Soil, Manistee County, Michigan
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 Free Soil Tax Rate
1.05%
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 Manistee County Tax Rate
1.18%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Free Soil, Manistee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49411 | 0.81% | 0.88% | 1.05% | 1.22% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Free Soil, Manistee County, Michigan
When examining property taxes in Free Soil, 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 Manistee 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 Manistee 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 Free Soil. For example, the median home price in Free Soil is $175,600, with tax bills ranging significantly across the county. ZIP code 49411 has the highest median home price at $175,600.
Property Tax Assessment Values Across Free Soil, Manistee County, Michigan
Source: Ownwell
$75,800
$148,800
$221,800
Median Free Soil Market Value
$175,600
Median Manistee County Market Value
$141,200
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Free Soil, Manistee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49411 | $71,860 | $90,100 | $175,600 | $302,700 | $394,580 |
Source: Ownwell
Property Tax Bills Across Free Soil, Manistee County, Michigan
In Free Soil, located in Manistee County, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, with a median home price of $175,600, the tax bill can vary significantly. The median tax bill stands at $1,685, which is lower than the national median of $2,400. Factors influencing the tax bill include property size, location, and local government budget needs. Homeowners in Free Soil can experience tax bills ranging from $1,010 at the 25th percentile to $4,916 at the 90th percentile, reflecting the variability in property values and assessments.
Ownwell offers valuable assistance to homeowners by providing property tax appeal services. By analyzing the assessed value and market conditions, Ownwell can identify opportunities for tax reductions, ensuring homeowners pay only their fair share. This can lead to substantial savings, particularly for those in higher tax brackets. With expert guidance, homeowners can navigate the complexities of property tax assessments with confidence.
Median Free Soil Tax Bill
$1,685
Median Manistee County Tax Bill
$1,612
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Free Soil, Manistee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49411 | $763 | $1,010 | $1,685 | $3,977 | $4,916 |
Source: Ownwell