Elsie, Shiawassee County, Michigan Property Taxes
Median Elsie, MI effective property tax rate: 0.92%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Elsie, MI home value: $142,700
Median annual Elsie, MI tax bill: $1,300, $1,100 lower than the national median property tax bill of $2,400.
How are property taxes in Shiawassee County calculated?
Property taxes in Elsie, 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 Elsie’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Elsie, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Elsie, Shiawassee County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.11%
Estimate Property Tax Bill
$1,728
$1,604
Ownwell’s Elsie Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Elsie with just two data points.
By entering your property's estimated assessed value, our calculator applies Elsie’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 Shiawassee County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Elsie, Shiawassee County, Michigan
Local government entities are responsible for setting tax rates, and these can vary significantly within a state. Each year, counties like Shiawassee in Michigan estimate their required budget to provide essential services. They then divide this budget by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and laws play a role in determining these rates and budgets, this is the basic annual process.
In Elsie, located in Shiawassee County, the effective property tax rate can be compared to other cities in Michigan and the national median. Michigan's median property tax rate stands at 0.92%, which is slightly below the national median of 1.02%. This comparison provides insight into how Elsie's tax rate aligns with both state and national figures. Understanding these differences can help property owners in Elsie make informed decisions about their property taxes and potential appeals.
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 Elsie Tax Rate
1.11%
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 Shiawassee County Tax Rate
1.25%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Elsie, Shiawassee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48831 | 0.79% | 0.99% | 1.11% | 1.18% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Elsie, Shiawassee County, Michigan
When examining property taxes in Elsie, 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 Shiawassee 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 Shiawassee 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 Elsie. For example, the median home price in Elsie is $142,700, with tax bills ranging significantly across the county. The zip code 48831 has the highest median home price at $142,700.
Property Tax Assessment Values Across Elsie, Shiawassee County, Michigan
Source: Ownwell
$146,800
$200,500
$254,200
Median Elsie Market Value
$155,700
Median Shiawassee County Market Value
$175,200
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Elsie, Shiawassee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48831 | $81,980 | $111,400 | $155,700 | $197,150 | $252,940 |
Source: Ownwell
Property Tax Bills Across Elsie, Shiawassee County, Michigan
Median Elsie Tax Bill
$1,639
Median Shiawassee County Tax Bill
$2,104
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Elsie, Shiawassee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48831 | $870 | $1,265 | $1,639 | $2,200 | $2,794 |
Source: Ownwell