Woodland, Schoolcraft County, Michigan Property Taxes
Median Woodland, MI effective property tax rate: 0.78%, significantly lower than the national median of 1.02%, and lower than the Michigan state median of 1.05%.
Median Woodland, MI home value: $227,400
Median annual Woodland, MI tax bill: $1,932, $468 lower than the national median property tax bill of $2,400.
How are property taxes in Schoolcraft County calculated?
Property taxes in Woodland, 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 Woodland's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Woodland, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Woodland, Schoolcraft County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.78%
Estimate Property Tax Bill
$1,774
$1,646
Property Tax Rates Across Woodland, Schoolcraft County, Michigan
Local government entities set tax rates, which can vary widely within a state. This 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 the annual process in a nutshell.
In Woodland, located in Schoolcraft County, the effective property tax rate is 0.78%, which is lower than the national median of 1.02%. This rate is consistent with the highest and lowest median tax rates within the county, both standing at 0.78%. Woodland's property tax rate is also lower than the national median property tax bill of $2400, offering residents a more favorable tax environment compared to other regions.
This comparison highlights how Woodland's tax rates are competitive within Michigan and below the national average, making it an attractive location for property owners seeking lower tax obligations.
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 Woodland Tax Rate
0.78%
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 Woodland, Schoolcraft County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48897 | 0.50% | 0.74% | 0.78% | 1.31% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across Woodland, Schoolcraft County, Michigan
When examining property taxes in Woodland, 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 Woodland. For example, the median home price in Woodland is $227,400, with tax bills ranging significantly across the county. Zip code 48897 has the highest median home price at $227,400.
Property Tax Assessment Values Across Woodland, Schoolcraft County, Michigan
Source: Ownwell
$87,200
$208,800
$330,400
Median Woodland Market Value
$227,400
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 Woodland, Schoolcraft County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48897 | $104,720 | $150,200 | $227,400 | $342,350 | $448,940 |
Source: Ownwell
Property Tax Bills Across Woodland, Schoolcraft County, Michigan
Median Woodland Tax Bill
$1,932
Median Schoolcraft County Tax Bill
$1,214
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Woodland, Schoolcraft County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48897 | $1,127 | $1,590 | $1,932 | $2,767 | $2,975 |
Source: Ownwell