Ontonagon, Ontonagon County, Michigan Property Taxes

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

Median Ontonagon, MI effective property tax rate: 1.10%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Ontonagon, MI home value: $78,100
Median annual Ontonagon, MI tax bill: $840, $1,560 lower than the national median property tax bill of $2,400.

How are property taxes in Ontonagon calculated?

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

Last Updated March 1, 2025

Ontonagon, Ontonagon County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.1%

Estimate Property Tax Bill

$859

$797

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

Property Tax Rates Across Ontonagon, Ontonagon County, Michigan

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget for services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. This annual process involves votes and laws to set tax rates and budgets. Ontonagon's effective property tax rate is a notable point of comparison. The rate in Ontonagon, Michigan aligns with the state's median property tax rate. When compared to the national median property tax rate of 1.02%, Ontonagon's rate is slightly higher. This reflects the variations that can occur even within a single state. Homeowners in Ontonagon may find their property tax bills slightly above the national median of $2400. Understanding these differences can help property owners make informed decisions about appealing their property taxes. By staying informed about local tax rates and how they compare to state and national figures, property owners can better navigate their financial obligations and potentially reduce their tax burden.

Property Tax Rates Across Ontonagon, Ontonagon County, Michigan

Source: Ownwell

0.48%

0.81%

1.14%

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 Ontonagon Tax Rate

1.10%

Median Effective Ontonagon County Tax Rate

0.86%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Ontonagon, Ontonagon County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49953	0.62%	0.75%	1.10%	1.59%	1.82%

Source: Ownwell

Property Tax Assessment Values Across Ontonagon, Ontonagon County, Michigan

When examining property taxes in Ontonagon, 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 Ontonagon 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 Ontonagon County, assessment notices are sent 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 Ontonagon. For example, the median home price in Ontonagon is $78,100, with tax bills ranging significantly across the county. 49953 has the highest median home price at $78,100.

Property Tax Assessment Values Across Ontonagon, Ontonagon County, Michigan

Source: Ownwell

$44,260

$104,230

$164,200

Median Ontonagon Market Value

$78,100

Median Ontonagon County Market Value

$68,300

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Ontonagon, Ontonagon County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49953	$27,300	$50,300	$78,100	$123,900	$200,200

Source: Ownwell

Property Tax Bills Across Ontonagon, Ontonagon County, Michigan

In Ontonagon, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is typically a percentage of the market value, and the tax rate is applied to this assessed value to determine the tax bill. Homeowners in Ontonagon face a median property tax bill of $840, significantly lower than the national median of $2400, reflecting the area's relatively modest median home price of $78,100. However, tax bills can vary, with the 25th percentile at $547 and the 90th percentile reaching $2134. Despite the lower median tax bill, homeowners can still benefit from appealing their property taxes. Ownwell provides expert property tax appeal services, helping homeowners navigate the complex tax system to ensure they are not overpaying. By leveraging local market data and tax regulations, Ownwell can identify potential savings, providing peace of mind and financial relief to homeowners in Ontonagon.

Property Tax Bills Across Ontonagon, Ontonagon County, Michigan

Source: Ownwell

$238

$623

$1,007

Median Ontonagon Tax Bill

$840

Median Ontonagon County Tax Bill

$577

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Ontonagon, Ontonagon County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49953	$319	$547	$840	$1,279	$2,134

Source: Ownwell