Houghton Lake, Roscommon County, Michigan Property Taxes
Median Houghton Lake, MI effective property tax rate: 0.75%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Houghton Lake, MI home value: $129,000
Median annual Houghton Lake, MI tax bill: $725, $1,675 lower than the national median property tax bill of $2,400.
How are property taxes in Roscommon calculated?
Property taxes in Houghton Lake, 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 Houghton Lake’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Houghton Lake, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Houghton Lake, Roscommon County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.75%
Estimate Property Tax Bill
$968
$898
Property Tax Rates Across Houghton Lake, Roscommon County, Michigan
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This is because every year, counties calculate their necessary budget to provide essential services and divide it by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially how the annual process unfolds.
In Houghton Lake, Roscommon County, Michigan, you can compare the effective property tax rate to other cities in Michigan and the median property tax rates both within the state and across the U.S. With a property tax rate of 0.75%, Houghton Lake stands below the national median property tax rate of 1.02%. This means that residents in Houghton Lake enjoy relatively lower property taxes compared to many other parts of the country, where the national median property tax bill is $2,400. This comparison highlights the potential savings for property owners in Houghton Lake, making it an attractive location for homeowners seeking lower tax burdens.
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 Houghton Lake Tax Rate
0.75%
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 Roscommon County Tax Rate
0.50%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Houghton Lake, Roscommon County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48629 | 0.30% | 0.35% | 0.75% | 1.00% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Houghton Lake, Roscommon County, Michigan
When examining property taxes in Houghton Lake, 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 Roscommon 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 Roscommon 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 Houghton Lake. For example, the median home price in Houghton Lake is $129,000, with tax bills ranging significantly across the county. The zip code 48629 has the highest median home price at $129,000.
Property Tax Assessment Values Across Houghton Lake, Roscommon County, Michigan
Source: Ownwell
$75,600
$117,750
$159,900
Median Houghton Lake Market Value
$129,000
Median Roscommon County Market Value
$114,800
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Houghton Lake, Roscommon County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48629 | $34,000 | $70,300 | $129,000 | $234,000 | $369,200 |
Source: Ownwell
Property Tax Bills Across Houghton Lake, Roscommon County, Michigan
Median Houghton Lake Tax Bill
$725
Median Roscommon County Tax Bill
$649
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Houghton Lake, Roscommon County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48629 | $230 | $406 | $725 | $1,440 | $2,842 |
Source: Ownwell