Quarry, Schoolcraft County, Michigan Property Taxes

Name: Property Tax Bills Across Quarry, Schoolcraft County, Michigan
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Quarry, MI effective property tax rate: 0.92%, significantly lower than the national median of 1.02%, and lower than the Michigan state median of 1.05%.
Median Quarry, MI home value: $58,200
Median annual Quarry, MI tax bill: $610, $1,790 lower than the national median property tax bill of $2,400.

How are property taxes in Schoolcraft County calculated?

Property taxes in Quarry, 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 Quarry's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Quarry, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Quarry, Schoolcraft County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.92%

Estimate Property Tax Bill

$535

$497

Ownwell’s Quarry Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Quarry with just two data points. By entering your property's estimated assessed value, our calculator applies Quarry’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Schoolcraft County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Quarry, Schoolcraft County, Michigan

Local government entities are responsible for setting tax rates, which can vary significantly even within the same state. This variation is due to each county annually estimating its required budget to provide essential services, then dividing that by the total value of all taxable property within its jurisdiction. This process determines the property tax rate. Though votes and laws play a role in setting these rates and budgets, this is the essence of the annual procedure.

In Quarry, located in Schoolcraft County, the effective property tax rate is lower than the county's median. This provides an interesting comparison to other cities in Michigan and the broader national landscape. Michigan's median property tax rate is 0.92%, which is below the national median of 1.02%. This suggests that Quarry residents may benefit from relatively lower property tax bills compared to those in other parts of the country. Understanding these differences can help property owners make informed decisions about property tax appeals and exemptions, potentially leading to significant savings.

Property Tax Rates Across Quarry, Schoolcraft County, Michigan

Source: Ownwell

0.68%

1.04%

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 Quarry Tax Rate

0.92%

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 Quarry, Schoolcraft County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile

Source: Ownwell

Property Tax Assessment Values Across Quarry, Schoolcraft County, Michigan

When examining property taxes in Quarry, 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 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. This assessed value is used to calculate your property taxes by multiplying it by your tax rate to get your tax bill.

In Schoolcraft County, assessment notices are sent in the spring each year, typically reaching your mailbox by the middle of March. Each property owner receives an assessment notice containing both the market value and assessed value, along with an estimate of their property tax bill. By providing insights into how assessed and market values are determined, this helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Quarry. For example, the median home price in Quarry is $58,200, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Quarry, Schoolcraft County, Michigan

Source: Ownwell

$87,200

$208,800

$330,400

Median Quarry Market Value

$58,200

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 Quarry, Schoolcraft County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile

Source: Ownwell

Property Tax Bills Across Quarry, Schoolcraft County, Michigan

In Quarry, located in Schoolcraft County, MI, property tax bills are determined based on the assessed value of a home, which is influenced by the local real estate market. With a median home price of $58,200, property tax bills can vary significantly. For instance, homeowners at the 25th percentile pay around $467, while those at the 75th percentile see bills of about $926. At the 90th percentile, the tax bill can reach $1,651. These figures highlight how property taxes can impact homeowners differently based on their property's assessed value. Compared to the national median property tax bill of $2,400, Quarry's tax bills are relatively lower, providing some relief to its residents. However, even with lower tax bills, ensuring accuracy in the assessed value is crucial to avoid overpaying. This is where Ownwell can help. By offering property tax appeal and exemption services, Ownwell assists homeowners in Quarry in potentially lowering their tax bills, ensuring they only pay their fair share.

Property Tax Bills Across Quarry, Schoolcraft County, Michigan

Source: Ownwell

$857

$2,052

$3,247

Median Quarry Tax Bill

$610

Median Schoolcraft County Tax Bill

$1,214

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Quarry, Schoolcraft County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile

Source: Ownwell