Pontiac, Schoolcraft County, Michigan Property Taxes
Median Pontiac, MI effective property tax rate: 0.95%, significantly lower than the national median of 1.02%, and higher than the Michigan state median of 1.05%.
Median Pontiac, MI home value: $299,800
Median annual Pontiac, MI tax bill: $2,384, $16 lower than the national median property tax bill of $2,400.
How are property taxes in Schoolcraft County calculated?
Property taxes in Pontiac, 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 Pontiac's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Pontiac, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Pontiac, Schoolcraft County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.95%
Estimate Property Tax Bill
$2,848
$2,643
Property Tax Rates Across Pontiac, Schoolcraft County, Michigan
Local government entities determine tax rates, which can differ significantly across a state. This variation occurs because each county annually calculates its required budget to fund services and divides it by the total assessed value of all taxable properties within its jurisdiction, resulting in the property tax rate. While votes and legislation play a role in setting these rates and budgets, this is essentially the yearly procedure.
In Pontiac, located in Oakland County, Michigan, the effective property tax rate can be compared to other cities in the state as well as the median property tax rates in Michigan and the U.S. Pontiac's property tax rate is notably higher than both the state median and the national median of 1.02%. This means that homeowners in Pontiac may face higher property tax bills compared to other regions. However, it's important to note that the specific rate can be influenced by various factors, including local government decisions and the overall assessed property values in the area. Understanding these dynamics can help property owners in Pontiac navigate their tax obligations more effectively.
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 Pontiac Tax Rate
0.95%
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 Pontiac, Schoolcraft County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Pontiac, Schoolcraft County, Michigan
When examining property taxes in Pontiac, 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 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 Pontiac. For example, the median home price in Pontiac is $299,800, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Pontiac, Schoolcraft County, Michigan
Source: Ownwell
$87,200
$208,800
$330,400
Median Pontiac Market Value
$299,800
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 Pontiac, Schoolcraft County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Pontiac, Schoolcraft County, Michigan
Median Pontiac Tax Bill
$2,384
Median Schoolcraft County Tax Bill
$1,214
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Pontiac, Schoolcraft County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell