Manistique, Schoolcraft County, Michigan Property Taxes
Median MANISTIQUE, MI effective property tax rate: 0.46%, significantly lower than the national median of 1.02% and lower than the Michigan state median of 1.07%.
Median MANISTIQUE, MI home value: $89,200
Median annual MANISTIQUE, MI tax bill: $566, $1,834 lower than the national median property tax bill of $2,400.
How are property taxes in Schoolcraft calculated?
Property taxes in MANISTIQUE, 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 MANISTIQUE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in MANISTIQUE, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Manistique, Schoolcraft County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.46%
Estimate Property Tax Bill
$410
$381
Property Tax Rates Across Manistique, Schoolcraft County, Michigan
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Manistique’s effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S. Manistique, located in Schoolcraft County, has a median property tax rate of 0.46%. This is significantly lower than the national median property tax rate of 1.02%. The consistency in tax rates across different zip codes in Manistique, such as 49854, reflects a uniform approach to property taxation within the region. This presents an appealing scenario for property owners seeking affordable tax rates compared to other areas in the state and nationwide. The lower property tax rate can ease the financial burden on homeowners, making Manistique an attractive place for property investment and homeownership.
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 Manistique Tax Rate
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 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 Manistique, Schoolcraft County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49854 | 0.27% | 0.38% | 0.46% | 1.12% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Manistique, Schoolcraft County, Michigan
When examining property taxes in Manistique, 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 April. 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 Manistique. For example, the median home price in Manistique is $89,200, with tax bills ranging significantly across the county. 49854 has the highest median home price at $89,200.
Property Tax Assessment Values Across Manistique, Schoolcraft County, Michigan
Source: Ownwell
$72,900
$118,050
$163,200
Median Manistique Market Value
$89,200
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 Manistique, Schoolcraft County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49854 | $29,800 | $51,400 | $89,200 | $161,200 | $238,200 |
Source: Ownwell
Property Tax Bills Across Manistique, Schoolcraft County, Michigan
Homeowners in Manistique, located in Schoolcraft County, Michigan, see their property tax bills calculated based on the assessed value of their homes, which is a percentage of the market value. With a median home price of $89,200, the property tax rate in this area results in a median tax bill of $566. This is significantly lower than the national median property tax bill of $2,400. Factors such as location, property size, and market conditions influence the assessed value, which in turn affects the tax bill. For homeowners, a high assessed value can lead to a larger tax bill, which can be burdensome.
Ownwell offers a solution by assisting homeowners in appealing their property assessments, potentially lowering their tax bills. By analyzing market data and comparable properties, Ownwell identifies discrepancies in assessments, providing homeowners with a strong case for appeal. This service not only helps reduce the financial strain of high property taxes but also ensures homeowners only pay their fair share.
Median Manistique Tax Bill
$566
Median Schoolcraft County Tax Bill
$504
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Manistique, Schoolcraft County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49854 | $153 | $300 | $566 | $855 | $1,220 |
Source: Ownwell