Paris, Schoolcraft County, Michigan Property Taxes
Median Paris, MI effective property tax rate: 1.41%, significantly higher than the national median of 1.02%, and higher than the Michigan state median of 1.05%. Median Paris, MI home value: $89,000. Median annual Paris, MI tax bill: $1,165, $1,235 lower than the national median property tax bill of $2,400.
How are property taxes in Schoolcraft calculated?
Property taxes in Paris, 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 Paris's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Paris, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Paris, Schoolcraft County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.41%
Estimate Property Tax Bill
$1,255
$1,165
Property Tax Rates Across Paris, Schoolcraft County, Michigan
Local government entities set tax rates, which can vary widely within a state. This variation is due to each county's annual process of estimating its required budget to provide services and dividing 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, this is the annual process in a nutshell.
In Paris, located in Schoolcraft County, Michigan, the effective property tax rate stands at 1.41%. This rate is notably higher than the national median property tax rate of 1.02%. When comparing Paris to other cities within Michigan, you will find that its tax rate is consistent with the highest and lowest median tax rates in the state, both recorded at 1.41% in the same zip code, 49338. Understanding these rates can help property owners make informed decisions about tax appeals and exemptions. It also highlights the importance of considering local tax rates when evaluating property investment opportunities.
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 Paris Tax Rate
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 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 Paris, Schoolcraft County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49338 | 0.63% | 0.87% | 1.41% | 1.51% | 2.42% |
Source: Ownwell
Property Tax Assessment Values Across Paris, Schoolcraft County, Michigan
When examining property taxes in Paris, 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 Paris. For example, the median home price in Paris is $89,000, with tax bills ranging significantly across the county. Zip code 49338 has the highest median home price at $89,000.
Property Tax Assessment Values Across Paris, Schoolcraft County, Michigan
Source: Ownwell
$87,200
$208,800
$330,400
Median Paris Market Value
$89,000
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 Paris, Schoolcraft County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49338 | $14,200 | $51,600 | $89,000 | $140,000 | $206,600 |
Source: Ownwell
Property Tax Bills Across Paris, Schoolcraft County, Michigan
In Paris, MI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This value is typically a percentage of the market value of the property. The tax rate is then applied to the assessed value to determine the annual tax bill. The median property tax bill in Paris is significantly lower than the national median of $2400, with the 25th percentile at $368 and the 75th percentile at $1469. This range indicates a variation in tax burdens among homeowners, often influenced by factors such as property location, size, and improvements.
Homeowners in Paris can benefit from appealing their property tax assessments, potentially leading to significant savings. Ownwell specializes in property tax appeal services, helping homeowners navigate the complex appeal process. By analyzing property data and market trends, Ownwell identifies opportunities for reducing assessed values and securing exemptions. This expertise can result in lower tax bills, providing financial relief and peace of mind to homeowners in Paris.
Median Paris Tax Bill
$1,165
Median Schoolcraft County Tax Bill
$1,214
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Paris, Schoolcraft County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49338 | N/A | $368 | $1,165 | $1,469 | $1,855 |
Source: Ownwell