Wetmore, Schoolcraft County, Michigan Property Taxes

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

Median Wetmore, MI effective property tax rate: 0.44%, significantly lower than the national median of 1.02% and also lower than the Michigan state median of 1.07%.
Median Wetmore, MI home value: $163,200
Median annual Wetmore, MI tax bill: $730, $1,670 lower than the national median property tax bill of $2,400.

How are property taxes in Schoolcraft County calculated?

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

Last Updated March 1, 2025

Wetmore, Schoolcraft County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.15%

Estimate Property Tax Bill

$2,324

$2,157

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

Local government entities set tax rates, which can vary widely within a state. This variance is because each county annually estimates its required budget to provide 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 tax rates and budgets, this is essentially the annual process.

In Wetmore in Schoolcraft County, MI, the effective property tax rate is 0.44%. This rate is relatively low compared to the national median of 1.02%. The median property tax rate in Michigan also reflects this lower trend, offering a more favorable tax environment for property owners. For residents, this means that while property taxes are a necessary contribution to local services, they remain manageable compared to many other regions. This can be a significant factor for prospective homeowners when deciding where to settle. By understanding how these rates are determined and how they compare both locally and nationally, property owners can make more informed decisions about their investments.

Property Tax Rates Across Wetmore, 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 Wetmore Tax Rate

1.15%

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 Wetmore, Schoolcraft County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49895	0.71%	0.91%	1.15%	1.39%	1.53%

Source: Ownwell

Property Tax Assessment Values Across Wetmore, Schoolcraft County, Michigan

When examining property taxes in Wetmore, 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 Wetmore. For example, the median home price in Wetmore is $163,200, with tax bills ranging significantly across the county. Zip code 49895 has the highest median home price at $163,200.

Property Tax Assessment Values Across Wetmore, Schoolcraft County, Michigan

Source: Ownwell

$87,200

$208,800

$330,400

Median Wetmore Market Value

$202,100

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 Wetmore, Schoolcraft County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49895	$91,800	$128,000	$202,100	$311,250	$456,480

Source: Ownwell

Property Tax Bills Across Wetmore, Schoolcraft County, Michigan

In Wetmore, located in Schoolcraft County, MI, property tax bills are determined by the assessed value of a home, which is influenced by the local market conditions. The tax rate is applied to this assessed value, resulting in the homeowner's tax bill. With a median home price of $163,200, the tax bill can vary significantly depending on the property's assessed value and location within the city. For instance, the tax bill at the 25th percentile is $404, while those at the 75th percentile can reach $1,104, and at the 90th percentile, it can be as high as $1,619. The median tax bill in Wetmore, MI is $730, which is significantly lower than the national median of $2,400. This variation impacts homeowners differently, influencing their annual financial planning. Ownwell offers valuable services to assist homeowners in Wetmore by providing expert property tax appeal and exemption services. By leveraging local knowledge and expertise, Ownwell helps to ensure that homeowners are not overpaying on their property taxes, potentially saving them hundreds of dollars annually.

Property Tax Bills Across Wetmore, Schoolcraft County, Michigan

Source: Ownwell

$857

$2,052

$3,247

Median Wetmore Tax Bill

$2,284

Median Schoolcraft County Tax Bill

$1,214

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Wetmore, Schoolcraft County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49895	$1,188	$1,559	$2,284	$3,451	$4,896

Source: Ownwell