Cheboygan, Presque Isle County, Michigan Property Taxes

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

Median Cheboygan, MI effective property tax rate: 0.31%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Cheboygan, MI home value: $80,200
Median annual Cheboygan, MI tax bill: $276, $2,124 lower than the national median property tax bill of $2,400.

How are property taxes in Presque Isle calculated?

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

Last Updated March 1, 2025

Cheboygan, Presque Isle County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.7%

Estimate Property Tax Bill

$626

$581

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

Property Tax Rates Across Cheboygan, Presque Isle County, Michigan

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation arises because each county annually estimates its required budget to provide essential services and divides that amount by the total value of all taxable property within its jurisdiction. This process determines the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially how the process unfolds each year. In Cheboygan, located in Cheboygan County, Michigan, the effective property tax rate is 1.61%, which is considerably higher than the national median of 1.02%. This rate results in a median property tax bill of $1,651, which is below the national median of $2,400. Comparatively, Cheboygan's tax rate is higher than the Michigan state median of 1.35%, indicating a relatively heavier tax burden for property owners in this city. Understanding these differences can help property owners make informed decisions about appealing their property taxes or seeking exemptions.

Property Tax Rates Across Cheboygan, Presque Isle County, Michigan

Source: Ownwell

0.86%

0.99%

1.11%

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 Cheboygan Tax Rate

0.70%

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 Cheboygan, Presque Isle County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49721	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Cheboygan, Presque Isle County, Michigan

When examining property taxes in Cheboygan, 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 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 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 Cheboygan. For example, the median home price in Cheboygan is $80,200, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Cheboygan, Presque Isle County, Michigan

Source: Ownwell

$117,000

$187,300

$257,600

Median Cheboygan Market Value

$89,500

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 Cheboygan, Presque Isle County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49721	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Cheboygan, Presque Isle County, Michigan

In Cheboygan, located in Presque Isle County, MI, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value. For homeowners in Cheboygan, with a median home price of $80,200, the tax bill can vary significantly. At the 25th percentile, the tax bill is $186, while at the 75th percentile, it rises to $365, and at the 90th percentile, it reaches $418. These figures show that local property tax rates are relatively low compared to the national median property tax bill of $2,400. However, even with lower rates, property taxes can still be a financial burden for some homeowners. That's where Ownwell comes in. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax bills. By analyzing the assessed value and ensuring it accurately reflects the market value, Ownwell can assist in securing tax savings, providing financial relief for homeowners in Cheboygan.

Property Tax Bills Across Cheboygan, Presque Isle County, Michigan

Source: Ownwell

$971

$1,609

$2,247

Median Cheboygan Tax Bill

$545

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 Cheboygan, Presque Isle County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49721	N/A	N/A	N/A	N/A	N/A

Source: Ownwell