Ashley, Schoolcraft County, Michigan Property Taxes
Median ASHLEY, MI effective property tax rate: 0.96%, significantly lower than the national median of 1.02%, and higher than the Michigan state median of 1.05%.
Median ASHLEY, MI home value: $164,600
Median annual ASHLEY, MI tax bill: $1,992, $408 lower than the national median property tax bill of $2,400.
How are property taxes in Schoolcraft calculated?
Property taxes in ASHLEY, 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 ASHLEY's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in ASHLEY, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ashley, Schoolcraft County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.96%
Estimate Property Tax Bill
$1,580
$1,466
Property Tax Rates Across Ashley, Schoolcraft County, Michigan
Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget for services and dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
Below, you can compare Ashley’s effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S. Ashley, located in Schoolcraft County, reflects a property tax rate that is lower than the national median of 1.02%. This can be appealing for homeowners looking for a more affordable property tax bill compared to the national median of $2,400. Michigan's median property tax rate is also below the national average, indicating a statewide trend of relatively lower property taxes. For potential homeowners and investors, understanding these rates can assist in making informed decisions about property investments in Ashley and the broader Michigan area.
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 Ashley Tax Rate
0.96%
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 Schoolcraft County Tax Rate
1.00%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Ashley, Schoolcraft County, Michigan
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
48806 | 0.62% | 0.74% | 0.96% | 1.68% | 1.95% |
Source: Ownwell
Property Tax Assessment Values Across Ashley, Schoolcraft County, Michigan
When examining property taxes in Ashley, 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 Schoolcraft 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 Schoolcraft 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 Ashley. For example, the median home price in Ashley is $164,600, with tax bills ranging significantly across the county. Zip code 48806 has the highest median home price at $164,600.
Property Tax Assessment Values Across Ashley, Schoolcraft County, Michigan
Source: Ownwell
$87,200
$208,800
$330,400
Median Ashley Market Value
$164,600
Median Schoolcraft County Market Value
$118,200
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Ashley, Schoolcraft County, Michigan
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
48806 | $34,720 | $77,600 | $164,600 | $277,000 | $385,880 |
Source: Ownwell
Property Tax Bills Across Ashley, Schoolcraft County, Michigan
Median Ashley Tax Bill
$1,992
Median Schoolcraft County Tax Bill
$1,214
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Ashley, Schoolcraft County, Michigan
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
48806 | $470 | $570 | $1,992 | $2,894 | $3,641 |
Source: Ownwell