Tannery, Schoolcraft County, Michigan Property Taxes

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

Median Tannery, MI effective property tax rate: 0.60%, significantly lower than the national median of 1.02%, and lower than the Michigan state median of 1.05%.
Median Tannery, MI home value: $90,600
Median annual Tannery, MI tax bill: $436, $1,964 lower than the national median property tax bill of $2,400.

How are property taxes in Schoolcraft County calculated?

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

Last Updated March 1, 2025

Tannery, Schoolcraft County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.6%

Estimate Property Tax Bill

$544

$504

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

Local government entities in Michigan determine tax rates, which can significantly differ across regions. This variance is due to each county's annual process of estimating the budget needed for public services and dividing it by the total assessed value of all taxable properties within the area. The outcome is the property tax rate, influenced by local votes and legislation. In Tannery, located in Schoolcraft County, the effective property tax rate is lower than the county's median rate. This can be advantageous for property owners, providing a potential reduction in annual tax expenses. Comparatively, Michigan's median property tax rate is below the national median of 1.02%, offering an attractive proposition for residents. Nationally, the median property tax bill is $2,400, which can serve as a benchmark for evaluating local tax burdens. This lower rate in Tannery may appeal to prospective homeowners or investors looking for cost-effective property tax options. By understanding these local tax dynamics, property owners can make informed decisions about their investments and financial planning.

Property Tax Rates Across Tannery, 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 Tannery Tax Rate

0.60%

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 Tannery, Schoolcraft County, Michigan

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

Source: Ownwell

Property Tax Assessment Values Across Tannery, Schoolcraft County, Michigan

When examining property taxes in Tannery, 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 April. 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 Tannery. For example, the median home price in Tannery is $90,600, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Tannery, Schoolcraft County, Michigan

Source: Ownwell

$87,200

$208,800

$330,400

Median Tannery Market Value

$90,600

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 Tannery, Schoolcraft County, Michigan

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

Source: Ownwell

Property Tax Bills Across Tannery, Schoolcraft County, Michigan

In Tannery, located in Schoolcraft County, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The median home price in Tannery is $90,600, and the property tax bill can vary significantly. Homeowners at the 25th percentile face a tax bill of approximately $271, while those at the 75th percentile pay around $955. At the 90th percentile, the tax bill can reach $1,248. Compared to the national median property tax bill of $2,400, Tannery's tax bills are generally lower, offering some relief to homeowners. However, the property tax rate can still be a burden, especially for those with homes assessed at higher values. Factors such as local tax rates and exemptions play a crucial role in determining the final bill. Ownwell can assist homeowners in Tannery by identifying potential savings through appeals and exemptions, ensuring they are not overpaying and helping them reduce their property tax burden effectively.

Property Tax Bills Across Tannery, Schoolcraft County, Michigan

Source: Ownwell

$857

$2,052

$3,247

Median Tannery Tax Bill

$436

Median Schoolcraft County Tax Bill

$1,214

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Tannery, Schoolcraft County, Michigan

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

Source: Ownwell