Freeman, Schoolcraft County, Michigan Property Taxes
Median Freeman, MI effective property tax rate: 0.79%, significantly lower than the national median of 1.02%, and lower than the Michigan state median of 1.05%.
Median Freeman, MI home value: $130,400
Median annual Freeman, MI tax bill: $980, $1,420 lower than the national median property tax bill of $2,400.
How are property taxes in Schoolcraft calculated?
Property taxes in Freeman, 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 Freeman's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Freeman, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Freeman, Schoolcraft County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.79%
Estimate Property Tax Bill
$1,030
$956
Property Tax Rates Across Freeman, Schoolcraft County, Michigan
Local government entities in Michigan set property tax rates, which can vary significantly within the state. This is because each county, such as Schoolcraft, annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the effective property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.
Comparing Freeman’s effective property tax rate to other cities in Michigan, it stands out with a rate that is lower than the national median property tax rate of 1.02%. Furthermore, it is also lower than the median property tax rate in Michigan, which is 0.79%. This makes Freeman an attractive option for property owners looking to save on property taxes. With the national median property tax bill at $2,400, property owners in Freeman benefit from relatively lower tax obligations, contributing to a more affordable cost of living in the 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 Freeman Tax Rate
0.79%
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 Freeman, Schoolcraft County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Freeman, Schoolcraft County, Michigan
When examining property taxes in Freeman, 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 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 Freeman. For example, the median home price in Freeman is $130,400, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Freeman, Schoolcraft County, Michigan
Source: Ownwell
$87,200
$208,800
$330,400
Median Freeman Market Value
$130,400
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 Freeman, Schoolcraft County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Freeman, Schoolcraft County, Michigan
Median Freeman Tax Bill
$980
Median Schoolcraft County Tax Bill
$1,214
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Freeman, Schoolcraft County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell