South, Schoolcraft County, Michigan Property Taxes

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

Median South, MI effective property tax rate: 0.26%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median South, MI home value: $81,800
Median annual South, MI tax bill: $215, $2,185 lower than the national median property tax bill of $2,400.

How are property taxes in Schoolcraft calculated?

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

Last Updated March 1, 2025

South, Schoolcraft County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.98%

Estimate Property Tax Bill

$2,097

$1,946

Ownwell’s SOUTH Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in SOUTH with just two data points. By entering your property's estimated assessed value, our calculator applies SOUTH’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 South, Schoolcraft County, Michigan

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides 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, in a nutshell, this is the annual process.

In comparison, South in Schoolcraft County, Michigan, boasts a notably low effective property tax rate of 0.26%. This is significantly below both the national median property tax rate of 1.02% and Michigan's state median. The lower tax rate can be an attractive feature for property owners in South, offering potential savings compared to other regions. The financial relief provided by such a low rate can be substantial, especially when contrasted with the national median property tax bill of $2400. For those considering property investment or relocation, South presents a compelling case with its lower tax burden, making it a desirable location for both residents and investors alike.

Property Tax Rates Across South, 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 South Tax Rate

0.98%

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 South, Schoolcraft County, Michigan

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

Source: Ownwell

Property Tax Assessment Values Across South, Schoolcraft County, Michigan

When examining property taxes in South, 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. Assessment notices: Schoolcraft County sends assessment notices 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 South. For example, the median home price in South is $81,800, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across South, Schoolcraft County, Michigan

Source: Ownwell

$87,200

$208,800

$330,400

Median South Market Value

$214,000

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 South, Schoolcraft County, Michigan

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

Source: Ownwell

Property Tax Bills Across South, Schoolcraft County, Michigan

In the city of South, located in Schoolcraft County, Michigan, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is a percentage of the property's market value. The property tax rate is applied to this assessed value to determine the annual tax bill. In South, the median property tax bill is $215, significantly lower than the national median property tax bill of $2,400. This low tax bill can be attributed to the relatively affordable median home price of $81,800 in the area.

For homeowners, these tax bills represent a necessary expense, but they can also present an opportunity for savings. Ownwell offers property tax appeal services, helping homeowners ensure their property assessments are fair and accurate. By reviewing assessments and identifying potential errors or overvaluations, Ownwell can assist homeowners in reducing their property tax burden, potentially leading to significant savings. This service is particularly beneficial in regions like South, where every dollar saved can make a meaningful impact.

Property Tax Bills Across South, Schoolcraft County, Michigan

Source: Ownwell

$857

$2,052

$3,247

Median South Tax Bill

$2,064

Median Schoolcraft County Tax Bill

$1,214

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across South, Schoolcraft County, Michigan

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

Source: Ownwell