Highway, Schoolcraft County, Michigan Property Taxes

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

Median Highway, MI effective property tax rate: 0.80%, significantly lower than the national median of 1.02%, and lower than the Michigan state median of 1.05%.
Median Highway, MI home value: $184,000
Median annual Highway, MI tax bill: $1,397, $1,003 lower than the national median property tax bill of $2,400.

How are property taxes in Schoolcraft calculated?

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

Last Updated March 1, 2025

Highway, Schoolcraft County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.8%

Estimate Property Tax Bill

$1,472

$1,366

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

Property Tax Rates Across Highway, Schoolcraft County, Michigan

Local government entities determine tax rates, which can vary significantly within a state. Annually, each county assesses its budget requirements to provide essential services and divides this by the total assessed value of all taxable properties within its jurisdiction. This calculation establishes the property tax rate. While votes and legislation play a role in setting these rates and budgets, this is essentially the annual process.

In Highway, located in Schoolcraft County, the effective property tax rate is lower than the county median. This rate is also below Michigan's median property tax rate of 0.80% and significantly lower than the national median of 1.02%. The lower tax rate in this region can make it an attractive area for property owners looking to reduce their annual tax bills. With the national median property tax bill at $2,400, property owners in Highway may find themselves paying a considerably smaller amount, enhancing the appeal of living or investing in this city. Comparing tax rates can provide valuable insights for potential homeowners and investors, guiding them to make informed decisions about property investments.

Property Tax Rates Across Highway, Schoolcraft County, Michigan

Source: Ownwell

0.68%

1.04%

1.41%

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 Highway Tax Rate

0.80%

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 Highway, Schoolcraft County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile

Source: Ownwell

Property Tax Assessment Values Across Highway, Schoolcraft County, Michigan

When examining property taxes in HIGHWAY, 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. Assessment notices: 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 HIGHWAY. For example, the median home price in HIGHWAY is $184,000, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Highway, Schoolcraft County, Michigan

Source: Ownwell

$87,200

$208,800

$330,400

Median Highway Market Value

$184,000

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 Highway, Schoolcraft County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile

Source: Ownwell

Property Tax Bills Across Highway, Schoolcraft County, Michigan

In Highway, located in Schoolcraft County, MI, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The local tax rate is applied to this assessed value to determine the annual tax bill. With a median home price of $184,000, many homeowners in Highway face tax bills that can vary significantly. The 25th percentile of tax bills is $802, while the 75th percentile reaches $2,185, and the 90th percentile climbs to $3,424. These figures highlight the range of property tax burdens that homeowners can experience.

Compared to the national median property tax rate of 1.02% and a median bill of $2,400, Highway homeowners may find their tax obligations more manageable or burdensome depending on their property’s assessed value. Ownwell can assist homeowners by providing expert property tax appeal and exemption services. By challenging inaccurate assessments and identifying potential exemptions, Ownwell helps homeowners potentially reduce their tax bills, ensuring they pay only their fair share.

Property Tax Bills Across Highway, Schoolcraft County, Michigan

Source: Ownwell

$857

$2,052

$3,247

Median Highway Tax Bill

$1,397

Median Schoolcraft County Tax Bill

$1,214

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Highway, Schoolcraft County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile

Source: Ownwell