Street, Schoolcraft County, Michigan Property Taxes

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

Median STREET, MI effective property tax rate: 0.45%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median STREET, MI home value: $166,600
Median annual STREET, MI tax bill: $715, $1,685 lower than the national median property tax bill of $2,400.

How are property taxes in Schoolcraft calculated?

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

Last Updated March 1, 2025

Street, Schoolcraft County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.11%

Estimate Property Tax Bill

$1,081

$1,003

Ownwell’s STREET Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in STREET with just two data points. By entering your property's estimated assessed value, our calculator applies STREET’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 Street, 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 market 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 {cityname:STREET} in {countyname:26153} in {state_name:MI}, the effective property tax rate is notably lower than both the state's median rate and the national median property tax rate of 1.02%. This lower rate can be an attractive feature for potential homeowners or investors looking to reduce their property tax burden. When compared to other cities in Michigan, this rate offers a competitive advantage, making it a potentially desirable location for those seeking favorable tax conditions.

Understanding these differences is crucial for property owners and prospective buyers, as it can significantly impact the overall cost of owning property. By exploring the effective property tax rates in various regions, individuals can make more informed decisions about where to invest or settle.

Property Tax Rates Across Street, 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 Street Tax Rate

1.11%

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 Street, Schoolcraft County, Michigan

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

Source: Ownwell

Property Tax Assessment Values Across Street, Schoolcraft County, Michigan

When examining property taxes in STREET, 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 Equalization Department 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 STREET. For example, the median home price in STREET is $166,600, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Street, Schoolcraft County, Michigan

Source: Ownwell

$87,200

$208,800

$330,400

Median Street Market Value

$97,400

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 Street, Schoolcraft County, Michigan

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

Source: Ownwell

Property Tax Bills Across Street, Schoolcraft County, Michigan

In the city of STREET in Schoolcraft County, MI, property tax bills are calculated based on the property's assessed value and the local tax rate. With a median home price of $166,600, homeowners face varying tax bills, which can range significantly. For instance, the 25th percentile tax bill is $622, while at the 75th percentile, it rises to $809, and the 90th percentile reaches $865. These figures illustrate the impact of property taxes on homeowners, especially when compared to the national median property tax bill of $2,400. The assessed value, determined by local assessors, plays a crucial role in the final tax bill. Factors such as property size, location, and condition are considered in this assessment. Ownwell offers valuable assistance by helping homeowners navigate the complexities of property tax appeals and exemptions. By leveraging expert knowledge and experience, Ownwell can identify potential savings opportunities, ensuring that homeowners pay a fair tax amount and potentially reduce their tax burden.

Property Tax Bills Across Street, Schoolcraft County, Michigan

Source: Ownwell

$857

$2,052

$3,247

Median Street Tax Bill

$878

Median Schoolcraft County Tax Bill

$1,214

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Street, Schoolcraft County, Michigan

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

Source: Ownwell