Hermansville, Menominee County, Michigan Property Taxes
Median Hermansville, MI effective property tax rate: 0.33%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Hermansville, MI home value: $76,800
Median annual Hermansville, MI tax bill: $244, $2,156 lower than the national median property tax bill of $2,400.
How are property taxes in Menominee calculated?
Property taxes in Hermansville, 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 Hermansville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hermansville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hermansville, Menominee County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.33%
Estimate Property Tax Bill
$253
$235
Property Tax Rates Across Hermansville, Menominee County, Michigan
Local government entities set tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates the budget needed to provide essential services and divides this by the total value of all taxable properties within its jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the basic annual process.
In Hermansville, located in Menominee County, the effective property tax rate is notably lower than the national median. This means property owners in Hermansville enjoy comparatively lower tax bills. For context, the median property tax rate in Michigan is below the national median of 1.02%, and Hermansville's rate is even more favorable, offering property owners a significant advantage. This lower rate can make Hermansville an attractive location for homeowners looking for more affordable property tax obligations compared to other regions in the United States.
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 Hermansville Tax Rate
0.33%
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 Menominee County Tax Rate
0.31%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hermansville, Menominee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49847 | 0.15% | 0.24% | 0.33% | 0.42% | 0.46% |
Source: Ownwell
Property Tax Assessment Values Across Hermansville, Menominee County, Michigan
When examining property taxes in Hermansville, 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 Menominee 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 Menominee 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 Hermansville. For example, the median home price in Hermansville is $76,800, with tax bills ranging significantly across the county. 49847 has the highest median home price at $76,800.
Property Tax Assessment Values Across Hermansville, Menominee County, Michigan
Source: Ownwell
$51,400
$88,732
$126,064
Median Hermansville Market Value
$76,800
Median Menominee County Market Value
$92,200
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hermansville, Menominee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49847 | $34,000 | $53,800 | $76,800 | $118,450 | $157,900 |
Source: Ownwell
Property Tax Bills Across Hermansville, Menominee County, Michigan
Median Hermansville Tax Bill
$244
Median Menominee County Tax Bill
$274
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Hermansville, Menominee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49847 | $71 | $145 | $244 | $391 | $556 |
Source: Ownwell