Sunset, Schoolcraft County, Michigan Property Taxes
Median SUNSET, MI effective property tax rate: 0.97%, significantly lower than the national median of 1.02%, and lower than the Michigan state median of 1.05%.
Median SUNSET, MI home value: $211,500
Median annual SUNSET, MI tax bill: $2,271, $129 lower than the national median property tax bill of $2,400.
How are property taxes in Schoolcraft calculated?
Property taxes in SUNSET, 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 SUNSET's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in SUNSET, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Sunset, Schoolcraft County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.97%
Estimate Property Tax Bill
$2,052
$1,904
Property Tax Rates Across Sunset, Schoolcraft County, Michigan
Local government entities in Michigan, including those in Schoolcraft County, are responsible for setting property tax rates, which can differ significantly across the state. This variation is primarily because each county annually estimates the budget needed to provide essential services and divides this amount by the total value of all taxable property within the county. This calculation determines the property tax rate. Although votes and legal frameworks play a role in setting these rates and budgets, this is essentially how the process works each year.
In Sunset, located in Schoolcraft County, the effective property tax rate is lower than the county’s median. When compared to other cities in Michigan and the national median property tax rate of 1.02%, Sunset offers a more favorable tax environment. This lower tax rate can be an attractive factor for property owners in Sunset, especially when considering the national median property tax bill of $2,400. With a median tax rate of 0.97%, Michigan itself presents a competitive landscape for property taxes, making it an appealing choice for residents seeking lower property tax burdens.
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 Sunset Tax Rate
0.97%
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 Sunset, Schoolcraft County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Sunset, Schoolcraft County, Michigan
When examining property taxes in Sunset, 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.
In Schoolcraft County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Sunset. For example, the median home price in Sunset is $211,500, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Sunset, Schoolcraft County, Michigan
Source: Ownwell
$87,200
$208,800
$330,400
Median Sunset Market Value
$211,500
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 Sunset, Schoolcraft County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Sunset, Schoolcraft County, Michigan
Median Sunset Tax Bill
$2,271
Median Schoolcraft County Tax Bill
$1,214
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Sunset, Schoolcraft County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell