Presque Isle, Presque Isle County, Michigan Property Taxes

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

Median Presque Isle, MI effective property tax rate: 0.51%, significantly lower than the national median of 1.02%, and also lower than the Michigan state median of 1.07%.
Median Presque Isle, MI home value: $166,800
Median annual Presque Isle, MI tax bill: $931, $1,469 lower than the national median property tax bill of $2,400.

How are property taxes in Presque Isle calculated?

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

Last Updated March 1, 2025

Presque Isle, Presque Isle County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.51%

Estimate Property Tax Bill

$851

$789

Ownwell’s PRESQUE ISLE Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in PRESQUE ISLE with just two data points. By entering your property's estimated assessed value, our calculator applies PRESQUE ISLE’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 26141. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Presque Isle, Presque Isle County, Michigan

Local government entities in Michigan determine property tax rates, which can vary significantly across the state. This is because each county estimates its required budget annually to provide essential services and then divides that amount by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual process. In Presque Isle, the effective property tax rate is 0.51%, which is notably lower than the national median property tax rate of 1.02%. This means that property owners in Presque Isle benefit from a lower tax burden compared to many other regions across the country. The median property tax rate in Michigan is also below the national average, making it an attractive option for property owners looking to minimize their tax expenses. Comparing Presque Isle’s rate with other cities in Michigan can provide valuable insights for those considering property investments in the state.

Property Tax Rates Across Presque Isle, Presque Isle County, Michigan

Source: Ownwell

0.44%

0.68%

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 Tax Rate

0.51%

Median Effective Presque Isle County Tax Rate

0.48%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Presque Isle, Presque Isle County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49777	0.40%	0.45%	0.51%	0.59%	1.26%

Source: Ownwell

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

When examining property taxes in Presque Isle, 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 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 Presque Isle. For example, the median home price in Presque Isle is $166,800, with tax bills ranging significantly across the county. Zip code 49777 has the highest median home price at $166,800.

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

Source: Ownwell

$95,400

$145,400

$195,400

Median Presque Isle Market Value

$166,800

Median Presque Isle County Market Value

$112,200

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

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

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49777	$71,200	$109,000	$166,800	$251,800	$357,960

Source: Ownwell

Property Tax Bills Across Presque Isle, Presque Isle County, Michigan

In Presque Isle, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. Homeowners in this region face a median property tax bill of $931, significantly lower than the national median of $2,400. This lower tax burden can be attributed to the relatively modest median home price of $166,800. Factors influencing property tax bills include property location, improvements, and local tax rates. Homeowners in Presque Isle might see their tax bills range from $574 at the 25th percentile to $2,236 at the 90th percentile, depending on these variables. While this presents a financial relief compared to other regions, there is still potential for savings. Ownwell can assist homeowners by reviewing their property assessments to ensure accuracy and identifying potential exemptions or reductions. By leveraging professional expertise, homeowners can potentially lower their property tax bills, ensuring they only pay their fair share.

Property Tax Bills Across Presque Isle, Presque Isle County, Michigan

Source: Ownwell

$394

$677

$960

Median Presque Isle Tax Bill

$931

Median Presque Isle County Tax Bill

$633

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Presque Isle, Presque Isle County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49777	$365	$574	$931	$1,457	$2,236

Source: Ownwell