Alpena, Presque Isle County, Michigan Property Taxes
Median Alpena, MI effective property tax rate: 0.49%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Alpena, MI home value: $195,400
Median annual Alpena, MI tax bill: $960, $1,440 lower than the national median property tax bill of $2,400.
How are property taxes in Presque Isle County calculated?
Property taxes in Alpena, 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 Alpena’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Alpena, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Alpena, Presque Isle County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.9%
Estimate Property Tax Bill
$2,318
$2,151
Property Tax Rates Across Alpena, Presque Isle County, Michigan
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation exists because each county annually estimates its required budget to provide essential services and divides that figure by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Although the process involves votes and laws, this is essentially how it functions each year.
In Alpena, located in Presque Isle County, Michigan, the effective property tax rate stands at 0.49%. This rate is considerably lower than the national median property tax rate of 1.02%. When comparing Alpena’s rate to other cities in Michigan, it remains consistent, as it is both the highest and lowest median tax rate within the 49707 zip code. This consistency in Alpena’s property tax rate can be beneficial for property owners, offering predictability and potentially lower tax bills compared to the national median property tax bill of $2400. By understanding these rates, property owners in Alpena can better plan for their financial obligations and explore potential savings through property tax 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 Alpena Tax Rate
0.90%
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 Presque Isle County Tax Rate
0.96%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Alpena, Presque Isle County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49707 | 0.55% | 0.70% | 0.90% | 1.32% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Alpena, Presque Isle County, Michigan
When examining property taxes in Alpena, 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 Presque Isle County Assessor's Office 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 Presque Isle 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 Alpena.
For example, the median home price in Alpena is $195,400, with tax bills ranging significantly across the county. Zip code 49707 has the highest median home price at $195,400.
Property Tax Assessment Values Across Alpena, Presque Isle County, Michigan
Source: Ownwell
$117,000
$187,300
$257,600
Median Alpena Market Value
$257,600
Median Presque Isle County Market Value
$146,400
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Alpena, Presque Isle County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49707 | $71,880 | $142,200 | $257,600 | $372,400 | $509,840 |
Source: Ownwell
Property Tax Bills Across Alpena, Presque Isle County, Michigan
In Alpena, Presque Isle County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $195,400, homeowners in Alpena may find their tax bills vary significantly. For instance, tax bills range from the 25th percentile at $530 to the 90th percentile at $2,101. The median property tax bill stands at $960, which is considerably lower than the national median of $2,400. This variation can impact homeowners' finances, making it crucial to ensure that properties are fairly assessed.
Ownwell offers services to help homeowners potentially reduce their property tax bills by appealing inaccurate assessments. By leveraging our expertise, homeowners can ensure their property is correctly assessed, potentially resulting in significant savings. This service can help alleviate the financial burden of property taxes, providing peace of mind and financial relief.
Median Alpena Tax Bill
$2,247
Median Presque Isle County Tax Bill
$1,312
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Alpena, Presque Isle County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49707 | $684 | $1,367 | $2,247 | $3,507 | $4,960 |
Source: Ownwell