Little, Schoolcraft County, Michigan Property Taxes
Median LITTLE, MI effective property tax rate: 0.86%, significantly lower than the national median of 1.02%, and higher than the Michigan state median of 1.05%.
Median LITTLE, MI home value: $145,400
Median annual LITTLE, MI tax bill: $1,373, $1,027 lower than the national median property tax bill of $2,400.
How are property taxes in Schoolcraft calculated?
Property taxes in LITTLE, 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 LITTLE's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in LITTLE, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Little, Schoolcraft County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.86%
Estimate Property Tax Bill
$1,250
$1,160
Property Tax Rates Across Little, Schoolcraft County, Michigan
Local government entities set tax rates, which can vary widely within a state. This variability arises because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although setting tax rates and budgets involves votes and laws, this is the annual process in a nutshell.
In Little, located in Schoolcraft County, residents benefit from a lower effective property tax rate compared to the national median. This means that property owners in Little pay less in taxes relative to the assessed value of their property than the average American homeowner. This can be particularly appealing for current and prospective homeowners who are looking to minimize their expenses.
When comparing Little’s effective property tax rate to other cities in Michigan, it stands out as being more affordable. Michigan's median property tax rate is also below the national median, making it an attractive state for property investment and homeownership. For those considering relocation or investment, Little offers a combination of lower tax rates and the benefits of residing in a state with generally favorable property tax conditions.
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 Little Tax Rate
0.86%
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 Little, Schoolcraft County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Little, Schoolcraft County, Michigan
When examining property taxes in Little, 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 May. 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 Little. For example, the median home price in Little is $145,400, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Little, Schoolcraft County, Michigan
Source: Ownwell
$87,200
$208,800
$330,400
Median Little Market Value
$145,400
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 Little, Schoolcraft County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Little, Schoolcraft County, Michigan
In the city of Little within Schoolcraft County, Michigan, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in this area is $145,400, and property taxes are levied to fund local services such as schools, infrastructure, and emergency services. Homeowners in Little can expect a range of property tax bills, with the 25th percentile at $756, the 75th percentile at $2,115, and the 90th percentile reaching $3,115. This variability can significantly impact homeowners' finances, especially when compared to the national median property tax bill of $2,400.
Ownwell assists homeowners by providing property tax appeal and exemption services, potentially lowering tax liabilities. By analyzing property assessments and comparing them to similar properties, Ownwell identifies discrepancies and advocates for fairer tax bills. This service is particularly beneficial in ensuring homeowners only pay their fair share, thus easing the financial burden of property taxes in Schoolcraft County.
Median Little Tax Bill
$1,373
Median Schoolcraft County Tax Bill
$1,214
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Little, Schoolcraft County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell