Hillman, Presque Isle County, Michigan Property Taxes
- Median Hillman, MI effective property tax rate: 0.50%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
- Median Hillman, MI home value: $117,200
- Median annual Hillman, MI tax bill: $680, $1,720 lower than the national median property tax bill of $2,400.
How are property taxes in Presque Isle calculated?
Property taxes in Hillman, 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 Hillman’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hillman, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hillman, Presque Isle County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.92%
Estimate Property Tax Bill
$1,264
$1,173
Ownwell’s Hillman Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hillman with just two data points. By entering your property's estimated assessed value, our calculator applies Hillman’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 Hillman, Presque Isle County, Michigan
Local government entities are responsible for setting property tax rates, which can vary significantly within a state. This variation occurs because each county estimates its annual budget needs for public services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the essential annual process.
In Hillman, located in Presque Isle County, Michigan, the effective property tax rate is worth noting. When compared to other cities in Michigan, Hillman's rate stands out. The median property tax rate in Michigan is notably lower than the national median property tax rate of 1.02%. This provides a more favorable tax environment for property owners in Hillman. For those considering a move or investment in Michigan, Hillman's property tax rate offers a compelling advantage, potentially leading to significant savings compared to other regions in the U.S.
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 Hillman Tax Rate
0.92%
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 Hillman, Presque Isle County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49746 | 0.58% | 0.77% | 0.92% | 1.24% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Hillman, Presque Isle County, Michigan
When examining property taxes in Hillman, 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.
In Presque Isle 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 Hillman. For example, the median home price in Hillman is $117,200, with tax bills ranging significantly across the county. Zip code 49746 has the highest median home price at $117,200.
Property Tax Assessment Values Across Hillman, Presque Isle County, Michigan
Source: Ownwell
$117,000
$187,300
$257,600
Median Hillman Market Value
$137,400
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 Hillman, Presque Isle County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49746 | $63,400 | $100,000 | $137,400 | $238,500 | $332,400 |
Source: Ownwell
Property Tax Bills Across Hillman, Presque Isle County, Michigan
Median Hillman Tax Bill
$1,581
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 Hillman, Presque Isle County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49746 | $576 | $890 | $1,581 | $2,375 | $2,909 |
Source: Ownwell