Clio, Saginaw County, Michigan Property Taxes

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Clio’s effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S.

Clio, located in Saginaw County, offers a compelling case study in property tax rates. The effective property tax rate here is significantly lower than both the state and national medians, making it an attractive option for property owners. The median property tax rate in Michigan stands at 1.54%, significantly higher than Clio's rate. With the national median property tax rate at 1.02%, Clio's rate is notably below this figure as well. This lower rate can translate to substantial savings for homeowners, enhancing the appeal of this area. Whether you're a potential homeowner or an investor, understanding these rates can significantly impact your financial planning and investment decisions.

Property tax bills in Clio, located in Saginaw County, MI, are calculated based on the assessed value of a property, which is typically a percentage of the market value. The local tax rate is then applied to this assessed value. In Clio, the median property tax bill stands at $532, which is significantly lower than the national median property tax bill of $2400. Homeowners in Clio can expect their tax bills to fall between $406 at the 25th percentile and $762 at the 90th percentile. These figures reflect the local government's need to fund public services such as schools, infrastructure, and emergency services.

For homeowners aiming to reduce their property tax bills, Ownwell offers expert services in property tax appeals and exemptions. By analyzing property assessments and market conditions, Ownwell identifies potential discrepancies that could result in tax savings. Their expertise in navigating the appeals process ensures that homeowners pay only their fair share, providing peace of mind and potential financial relief.