Eaton Rapids, Schoolcraft County, Michigan Property Taxes

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

Median Eaton Rapids, MI effective property tax rate: 0.32%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Eaton Rapids, MI home value: $142,600
Median annual Eaton Rapids, MI tax bill: $459, $1,941 lower than the national median property tax bill of $2,400.

How are property taxes in Schoolcraft calculated?

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

Last Updated March 1, 2025

Eaton Rapids, Schoolcraft County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.32%

Estimate Property Tax Bill

$456

$423

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

Property Tax Rates Across Eaton Rapids, Schoolcraft County, Michigan

Local government entities set tax rates, and these can vary significantly within a state. Each year, counties determine their required budget to provide essential services and divide that by the total value of all taxable property in their jurisdiction. This process results in the property tax rate. While votes and laws play a role in determining tax rates and budgets, this is the core of the annual procedure.

In Eaton Rapids, situated in Eaton County, Michigan, property owners experience an effective property tax rate of 1.52%. This rate is considerably higher than the Michigan state median property tax rate of 1.31% and the national median of 1.02%. Consequently, homeowners in Eaton Rapids face a median property tax bill of $2,500, surpassing both the state median of $2,400 and the national median of $2,400. This highlights the variability in property taxes, even within a single state, and underscores the importance of understanding local tax rates and their impact on property owners.

Property Tax Rates Across Eaton Rapids, Schoolcraft County, Michigan

Source: Ownwell

0.39%

0.43%

0.46%

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 Eaton Rapids Tax Rate

0.32%

Median Effective Schoolcraft County Tax Rate

0.45%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Eaton Rapids, Schoolcraft County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48827	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Eaton Rapids, Schoolcraft County, Michigan

When examining property taxes in Eaton Rapids, 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 Eaton Rapids. For example, the median home price in Eaton Rapids is $142,600, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Eaton Rapids, Schoolcraft County, Michigan

Source: Ownwell

$72,900

$118,050

$163,200

Median Eaton Rapids Market Value

$142,600

Median Schoolcraft County Market Value

$86,700

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Eaton Rapids, Schoolcraft County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48827	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Eaton Rapids, Schoolcraft County, Michigan

In Eaton Rapids, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is a percentage of the market value of the property. Homeowners in Eaton Rapids face a property tax bill that can vary significantly based on their property's assessed value. The median home price is $142,600, and the property tax bills typically hover around $459 for the 25th, 75th, and 90th percentiles, which is significantly lower than the national median property tax bill of $2,400. This lower tax bill can be attributed to the region's relatively lower property values and tax rates. However, even with these lower rates, homeowners can still benefit from ensuring their property is assessed correctly. This is where Ownwell steps in, offering expert property tax appeal services to help homeowners potentially reduce their tax bills. By analyzing property assessments and market values, Ownwell ensures homeowners are not overpaying on their property taxes, providing peace of mind and potential savings.

Property Tax Bills Across Eaton Rapids, Schoolcraft County, Michigan

Source: Ownwell

$302

$516

$730

Median Eaton Rapids Tax Bill

$459

Median Schoolcraft County Tax Bill

$504

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Eaton Rapids, Schoolcraft County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48827	N/A	N/A	N/A	N/A	N/A

Source: Ownwell