Vicksburg, Schoolcraft County, Michigan Property Taxes
Median Vicksburg, MI effective property tax rate: 0.35%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Vicksburg, MI home value: $87,000
Median annual Vicksburg, MI tax bill: $306, $2,094 lower than the national median property tax bill of $2,400.
How are property taxes in Schoolcraft County calculated?
Property taxes in Vicksburg, 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 Vicksburg’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Vicksburg, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Vicksburg, Schoolcraft County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2%
Estimate Property Tax Bill
$0
Ownwell’s Vicksburg Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Vicksburg with just two data points.
By entering your property's estimated assessed value, our calculator applies Vicksburg’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 Kalamazoo County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Vicksburg, Schoolcraft County, Michigan
Local government entities set tax rates, which can vary widely within a state. This is because annually, 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 Vicksburg, located in Kalamazoo County, Michigan, the effective property tax rate is 1.53%. This is significantly higher than the national median property tax rate of 1.02%. However, when compared to the Michigan median property tax rate of 1.54%, Vicksburg's rate is slightly below the state median. The median property tax bill in Vicksburg is $3,200, which is considerably above the national median property tax bill of $2,400. This reflects the higher property values and tax rates in the area. For residents of Vicksburg, understanding these figures is crucial for effective financial planning and ensuring that they are not overpaying on their property 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 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 Vicksburg, Schoolcraft County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
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Source: Ownwell
Property Tax Assessment Values Across Vicksburg, Schoolcraft County, Michigan
When examining property taxes in Vicksburg, 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.
Assessment notices: 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 Vicksburg. For example, the median home price in Vicksburg is $87,000, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Vicksburg, Schoolcraft County, Michigan
Source: Ownwell
$87,200
$208,800
$330,400
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 Vicksburg, Schoolcraft County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Vicksburg, Schoolcraft County, Michigan
Median Schoolcraft County Tax Bill
$1,214
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Vicksburg, Schoolcraft County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell