Trail, Schoolcraft County, Michigan Property Taxes
Median Trail, MI effective property tax rate: 0.89%, significantly lower than the national median of 1.02%, and higher than the Michigan state median of 1.05%.
Median Trail, MI home value: $260,800
Median annual Trail, MI tax bill: $2,190, $210 lower than the national median property tax bill of $2,400.
How are property taxes in Schoolcraft calculated?
Property taxes in Trail, 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 Trail's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Trail, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Trail, Schoolcraft County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.89%
Estimate Property Tax Bill
$2,321
$2,154
Property Tax Rates Across Trail, Schoolcraft County, Michigan
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell.
Trail in Schoolcraft County, Michigan, offers an interesting case study. The effective property tax rate in Trail is lower compared to the county's median, providing potential savings for property owners. When comparing Trail's property tax rate to other cities within Michigan, it becomes evident that Trail offers a more favorable tax environment. Additionally, when stacked against the national median property tax rate of 1.02% and the median property tax bill of $2400, Trail's rate further underscores its appeal as a cost-effective location for property ownership. This comparison highlights Trail as an attractive option for those looking to minimize their property tax expenses while still benefiting from the services funded by these taxes.
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 Trail Tax Rate
0.89%
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 Trail, Schoolcraft County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Trail, Schoolcraft County, Michigan
When examining property taxes in Trail, 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 Trail. For example, the median home price in Trail is $260,800, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Trail, Schoolcraft County, Michigan
Source: Ownwell
$87,200
$208,800
$330,400
Median Trail Market Value
$260,800
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 Trail, Schoolcraft County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Trail, Schoolcraft County, Michigan
Median Trail Tax Bill
$2,190
Median Schoolcraft County Tax Bill
$1,214
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Trail, Schoolcraft County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell