Cadillac, Missaukee County, Michigan Property Taxes
Median Cadillac, 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 Cadillac, MI home value: $135,800
Median annual Cadillac, MI tax bill: $1,204, $1,196 lower than the national median property tax bill of $2,400.
How are property taxes in Missaukee calculated?
Property taxes in Cadillac, 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 Cadillac’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cadillac, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cadillac, Missaukee County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.78%
Estimate Property Tax Bill
$1,059
$983
Property Tax Rates Across Cadillac, Missaukee County, Michigan
Local government entities set tax rates, which can vary widely within a state. This variation stems from the annual budgeting process where each county estimates the funds needed to provide essential services. By dividing this budget by the total assessed value of all taxable property in the jurisdiction, the property tax rate is determined. Although votes and legislation play roles in setting these rates and budgets, this process captures the essence of how property taxes are calculated each year.
In Cadillac, located in Missaukee County, Michigan, the effective property tax rate stands at 0.78%. When compared to the national median property tax rate of 1.02%, Cadillac's rate is notably lower. This places Cadillac favorably against both the state and national averages, offering property owners a relatively lighter tax burden. By understanding these dynamics, property owners can better navigate their tax obligations and potentially identify opportunities for tax savings through appeals or exemptions.
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 Cadillac Tax Rate
0.78%
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 Missaukee County Tax Rate
0.95%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cadillac, Missaukee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49601 | 0.61% | 0.68% | 0.78% | 1.11% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Cadillac, Missaukee County, Michigan
When examining property taxes in Cadillac, 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 Missaukee 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 Missaukee 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 Cadillac. For example, the median home price in Cadillac is $135,800, with tax bills ranging significantly across the county. Zip code 49601 has the highest median home price at $135,800.
Property Tax Assessment Values Across Cadillac, Missaukee County, Michigan
Source: Ownwell
$98,300
$125,850
$153,400
Median Cadillac Market Value
$135,800
Median Missaukee County Market Value
$117,600
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cadillac, Missaukee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49601 | $32,000 | $78,700 | $135,800 | $209,300 | $299,400 |
Source: Ownwell
Property Tax Bills Across Cadillac, Missaukee County, Michigan
Median Cadillac Tax Bill
$1,204
Median Missaukee County Tax Bill
$1,099
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Cadillac, Missaukee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49601 | $442 | $788 | $1,204 | $1,677 | $2,415 |
Source: Ownwell