Gaylord, Otsego County, Michigan Property Taxes

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

Median Gaylord, MI effective property tax rate: 0.86%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Gaylord, MI home value: $175,000
Median annual Gaylord, MI tax bill: $1,542, $858 lower than the national median property tax bill of $2,400.

How are property taxes in Otsego calculated?

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

Last Updated March 1, 2025

Gaylord, Otsego County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.86%

Estimate Property Tax Bill

$1,505

$1,397

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

Property Tax Rates Across Gaylord, Otsego County, Michigan

Local government entities in Michigan set tax rates, which can vary significantly within the state. Each year, counties estimate their required budgets to provide services and divide that by the total value of all taxable property within their 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. In Gaylord, located in Otsego County, the effective property tax rate is 0.86%. This is below the national median property tax rate of 1.02%. The rate in Gaylord is consistent with the highest and lowest rates in the area, both recorded at 0.86% in the 49735 zip code. Comparing this to the national landscape, Gaylord offers a more favorable tax environment. The lower rate can translate into significant savings for property owners compared to the national median property tax bill of $2400. Understanding these nuances can help property owners make informed decisions about their investments.

Property Tax Rates Across Gaylord, Otsego County, Michigan

Source: Ownwell

0.86%

1.00%

1.15%

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 Gaylord Tax Rate

0.86%

Median Effective Otsego County Tax Rate

0.90%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Gaylord, Otsego County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49735	0.52%	0.66%	0.86%	1.34%	1.70%

Source: Ownwell

Property Tax Assessment Values Across Gaylord, Otsego County, Michigan

When examining property taxes in Gaylord, 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 Otsego 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 Otsego 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 Gaylord. For example, the median home price in Gaylord is $175,000, with tax bills ranging significantly across the county. Zip code 49735 has the highest median home price at $175,000.

Property Tax Assessment Values Across Gaylord, Otsego County, Michigan

Source: Ownwell

$76,200

$137,200

$198,200

Median Gaylord Market Value

$175,000

Median Otsego County Market Value

$166,800

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Gaylord, Otsego County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49735	$51,800	$115,200	$175,000	$255,000	$367,600

Source: Ownwell

Property Tax Bills Across Gaylord, Otsego County, Michigan

In Gaylord, located in Otsego County, MI, property tax bills are calculated based on the assessed value of the property. The assessed value is typically a percentage of the property's market value, with local tax rates applied to determine the final tax bill. Homeowners in Gaylord face a median property tax bill of $1,542, which is below the national median of $2,400. However, tax bills can vary significantly, ranging from $953 at the 25th percentile to $3,550 at the 90th percentile. These variations depend on factors such as property size, location, and improvements. High property taxes can strain homeowners, making it essential to ensure they're paying a fair amount. This is where Ownwell comes in. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax bills. Through a thorough analysis of property assessments and market conditions, Ownwell identifies opportunities for savings, ensuring homeowners in Gaylord pay only their fair share.

Property Tax Bills Across Gaylord, Otsego County, Michigan

Source: Ownwell

$578

$1,391

$2,203

Median Gaylord Tax Bill

$1,542

Median Otsego County Tax Bill

$1,490

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Gaylord, Otsego County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49735	$499	$953	$1,542	$2,377	$3,550

Source: Ownwell