Ostrander, Schoolcraft County, Michigan Property Taxes
Median Ostrander, MI effective property tax rate: 1.39%, significantly higher than the national median of 1.02%, and higher than the Michigan state median of 1.05%.
Median Ostrander, MI home value: $263,100
Median annual Ostrander, MI tax bill: $2,469, $69 higher than the national median property tax bill of $2,400.
How are property taxes in Schoolcraft calculated?
Property taxes in Ostrander, 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 Ostrander's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ostrander, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ostrander, Schoolcraft County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.39%
Estimate Property Tax Bill
$3,657
$3,394
Property Tax Rates Across Ostrander, Schoolcraft County, Michigan
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 Ostrander Tax Rate
1.39%
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 Ostrander, Schoolcraft County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Ostrander, Schoolcraft County, Michigan
When examining property taxes in Ostrander, 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 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 Ostrander. For example, the median home price in Ostrander is $263,100, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Ostrander, Schoolcraft County, Michigan
Source: Ownwell
$87,200
$208,800
$330,400
Median Ostrander Market Value
$263,100
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 Ostrander, Schoolcraft County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Ostrander, Schoolcraft County, Michigan
In Ostrander, located in Schoolcraft County, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the property tax bill. Homeowners in the area experience a range of tax bills, with the 25th percentile at $1,810 and the 75th percentile reaching $4,027. The 90th percentile can go as high as $4,847, indicating a significant variance depending on property values and specific local rates. Compared to the national median property tax bill of $2,400, Ostrander's tax bills can be relatively high, especially at the upper percentiles.
For homeowners looking to reduce their tax burden, Ownwell offers valuable assistance. By providing expert property tax appeal and exemption services, Ownwell helps ensure that homeowners are not overpaying. This can lead to substantial savings, offering peace of mind and financial relief. With Ownwell's support, navigating the complexities of property tax assessments becomes a straightforward process, allowing homeowners to focus on enjoying their homes.
Median Ostrander Tax Bill
$2,469
Median Schoolcraft County Tax Bill
$1,214
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Ostrander, Schoolcraft County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell