Palms, Sanilac County, Michigan Property Taxes
Median Palms, MI effective property tax rate: 0.90%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Palms, MI home value: $129,400
Median annual Palms, MI tax bill: $1,163, $1,237 lower than the national median property tax bill of $2,400.
How are property taxes in Sanilac calculated?
Property taxes in Palms, 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 Palms’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Palms, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Palms, Sanilac County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.71%
Estimate Property Tax Bill
$1,277
$1,185
Property Tax Rates Across Palms, Sanilac County, Michigan
Local government entities in Michigan, such as those in Sanilac County, set property tax rates, which can vary significantly across the state. Each year, counties estimate the budget needed to provide essential services and divide this by the total value of all taxable properties within their jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this annual process is the core mechanism.
In Palms, located in Sanilac County, the effective property tax rate stands out compared to other cities in Michigan. The median property tax rate in Michigan is slightly below the national median of 1.02%. This provides an opportunity for property owners in Palms to potentially save on property taxes compared to other regions in the country. Understanding these rates can help property owners make informed decisions about property investments and manage their expenses effectively. By comparing local rates to state and national averages, residents can better appreciate how their property taxes contribute to the funding of local services and infrastructure.
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 Palms Tax Rate
0.71%
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 Sanilac County Tax Rate
0.94%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Palms, Sanilac County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48465 | 0.43% | 0.56% | 0.71% | 1.05% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Palms, Sanilac County, Michigan
When examining property taxes in Palms, Michigan, 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 Sanilac 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 Sanilac 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 Palms. For example, the median home price in Palms is $129,400, with tax bills ranging significantly across the county. Zip code 48465 has the highest median home price at $129,400.
Property Tax Assessment Values Across Palms, Sanilac County, Michigan
Source: Ownwell
$97,200
$170,600
$244,000
Median Palms Market Value
$179,800
Median Sanilac County Market Value
$156,400
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Palms, Sanilac County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48465 | $42,760 | $108,350 | $179,800 | $334,500 | $519,300 |
Source: Ownwell
Property Tax Bills Across Palms, Sanilac County, Michigan
Median Palms Tax Bill
$1,344
Median Sanilac County Tax Bill
$1,472
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Palms, Sanilac County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48465 | $310 | $634 | $1,344 | $2,648 | $4,494 |
Source: Ownwell