River Rd, Schoolcraft County, Michigan Property Taxes

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

Median RIVER RD, MI effective property tax rate: 0.67%, significantly lower than the national median of 1.02%, and lower than the Michigan state median of 1.05%.
Median RIVER RD, MI home value: $140,800
Median annual RIVER RD, MI tax bill: $1,020, $1,380 lower than the national median property tax bill of $2,400.

How are property taxes in Schoolcraft calculated?

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

Last Updated March 1, 2025

River Rd, Schoolcraft County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.67%

Estimate Property Tax Bill

$943

$875

Ownwell’s River Rd Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in River Rd with just two data points. By entering your property's estimated assessed value, our calculator applies River Rd’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. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across River Rd, Schoolcraft County, Michigan

Local government entities determine tax rates, which can vary significantly within a state. This variation is due to the annual process where each county estimates its budgetary needs to provide services and divides this by the total assessed value of all taxable properties within its jurisdiction. This calculation yields the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the basic annual procedure.

In RIVER RD, located in Schoolcraft County, MI, the effective property tax rate is lower compared to other cities in the state. This rate is also lower than the national median property tax rate of 1.02%. The median property tax rate in Michigan is 0.67%, which is also below the national average. This provides a favorable tax environment for property owners in RIVER RD, potentially offering savings compared to other regions both within and outside the state. Understanding these dynamics can aid property owners in making informed decisions about property investments and tax appeals.

Property Tax Rates Across River Rd, 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 River Rd Tax Rate

0.67%

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 River Rd, Schoolcraft County, Michigan

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

Source: Ownwell

Property Tax Assessment Values Across River Rd, Schoolcraft County, Michigan

When examining property taxes in RIVER RD, 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 RIVER RD.

For example, the median home price in RIVER RD is $140,800, with tax bills ranging significantly across the county. Tax bills can vary widely, with the 25th percentile at $511 and the 90th percentile reaching $1,791, compared to the national median property tax bill of $2,400.

Property Tax Assessment Values Across River Rd, Schoolcraft County, Michigan

Source: Ownwell

$87,200

$208,800

$330,400

Median River Rd Market Value

$140,800

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 River Rd, Schoolcraft County, Michigan

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

Source: Ownwell

Property Tax Bills Across River Rd, Schoolcraft County, Michigan

RIVER RD homeowners in Schoolcraft County, MI, face property tax bills determined by the assessed value of their homes, which is typically a percentage of the market value. In this region, the median home price is $140,800, and tax bills can vary significantly. For instance, those in the 25th percentile pay around $511, while those in the 75th percentile see bills of approximately $1,422, and the 90th percentile can reach $1,791. Compared to the national median property tax bill of $2,400, many homeowners in RIVER RD could see lower bills, but there's still room for savings. This is where Ownwell comes in. By leveraging their expertise in property tax appeals and exemptions, Ownwell can help homeowners challenge their assessed values, potentially resulting in significant tax savings. Their professional guidance ensures that homeowners pay only their fair share, easing the financial burden and maximizing savings.

Property Tax Bills Across River Rd, Schoolcraft County, Michigan

Source: Ownwell

$857

$2,052

$3,247

Median River Rd Tax Bill

$1,020

Median Schoolcraft County Tax Bill

$1,214

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across River Rd, Schoolcraft County, Michigan

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

Source: Ownwell