Grayling, Otsego County, Michigan Property Taxes
Median Grayling, MI effective property tax rate: 1.18%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Grayling, MI home value: $77,300
Median annual Grayling, MI tax bill: $630, $1,770 lower than the national median property tax bill of $2,400.
How are property taxes in Otsego calculated?
Property taxes in Grayling, 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 Grayling’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Grayling, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Grayling, Otsego County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.18%
Estimate Property Tax Bill
$912
$846
Property Tax Rates Across Grayling, Otsego County, Michigan
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its 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 Grayling, Otsego County, Michigan, the effective property tax rate is a significant consideration for homeowners. With a median tax rate of 1.18%, it stands above the national median of 1.02%. This means homeowners in Grayling may find themselves paying more than the average American property owner. However, it's important to keep in mind that these rates are dependent on local government budgetary needs and the total assessed property values in the area.
When compared to other cities in Michigan, Grayling's tax rate provides a clearer perspective on regional tax burdens. Understanding these nuances can empower homeowners to make informed decisions about property investments and tax appeals.
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 Grayling Tax Rate
1.18%
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 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 Grayling, Otsego County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49738 | 0.61% | 0.66% | 1.15% | 1.24% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Grayling, Otsego County, Michigan
When examining property taxes in Grayling, Michigan, 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.
Assessment notices:
In Otsego 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 Grayling.
For example, the median home price in Grayling is $77,300, with tax bills ranging significantly across the county. Zip code 49738 has the highest median home price at $76,200.
Property Tax Assessment Values Across Grayling, Otsego County, Michigan
Source: Ownwell
$76,200
$137,200
$198,200
Median Grayling Market Value
$77,300
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 Grayling, Otsego County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49738 | $24,320 | $55,800 | $76,200 | $94,400 | $135,200 |
Source: Ownwell
Property Tax Bills Across Grayling, Otsego County, Michigan
Median Grayling Tax Bill
$630
Median Otsego County Tax Bill
$1,490
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Grayling, Otsego County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49738 | $357 | $465 | $578 | $845 | $1,125 |
Source: Ownwell