Shaftsburg, Shiawassee County, Michigan Property Taxes
Median Shaftsburg, MI effective property tax rate: 1.04%, slightly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Shaftsburg, MI home value: $174,700
Median annual Shaftsburg, MI tax bill: $1,753, $647 lower than the national median property tax bill of $2,400.
How are property taxes in Shiawassee County calculated?
Property taxes in Shaftsburg, 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 Shaftsburg’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Shaftsburg, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Shaftsburg, Shiawassee County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.2%
Estimate Property Tax Bill
$2,357
$2,187
Property Tax Rates Across Shaftsburg, Shiawassee County, Michigan
Local government entities determine tax rates, which can differ significantly within a state. This is because each county annually calculates its budget needs for services and divides that by the total value of all taxable property in its area, resulting in the property tax rate. Although the process involves votes and legislation to set these rates and budgets, this is the basic annual procedure.
Shaftsburg in Shiawassee County, Michigan, presents an interesting case. The effective property tax rate here is 1.04%, aligning with the highest and lowest rates across the region, given the uniformity within its ZIP code. When compared to the national median property tax rate of 1.02%, Shaftsburg's rate is slightly higher. However, it reflects the local government's approach to balancing service needs with property values.
Understanding these dynamics can empower property owners to make informed decisions about tax appeals and exemptions, potentially leading to significant savings. By staying informed, residents can better navigate the complexities of property taxation and optimize their financial outcomes.
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 Shaftsburg Tax Rate
1.20%
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 Shaftsburg, Shiawassee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48882 | 1.03% | 1.11% | 1.20% | 1.52% | 2.14% |
Source: Ownwell
Property Tax Assessment Values Across Shaftsburg, Shiawassee County, Michigan
When examining property taxes in Shaftsburg, 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 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 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 Shaftsburg.
For example, the median home price in Shaftsburg is $174,700, with tax bills ranging significantly across the county. Zip code 48882 has the highest median home price at $174,700.
Property Tax Assessment Values Across Shaftsburg, Shiawassee County, Michigan
Source: Ownwell
$146,800
$200,500
$254,200
Median Shaftsburg Market Value
$196,400
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 Shaftsburg, Shiawassee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48882 | $39,900 | $113,100 | $196,400 | $284,850 | $347,000 |
Source: Ownwell
Property Tax Bills Across Shaftsburg, Shiawassee County, Michigan
In Shaftsburg, located in Shiawassee County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The median home price in the area stands at $174,700, and the property tax rate is applied to this assessed value to determine the tax bill. Homeowners in Shaftsburg face a median property tax bill of $1,753, which is below the national median of $2,400. Tax bills can range significantly, with the 25th percentile at $1,287 and the 75th percentile reaching $2,634, illustrating the variation in tax burdens depending on property value and assessment accuracy.
Factors such as property location, improvements, and market conditions can influence the assessed value, impacting the homeowner's tax bill. Ownwell offers services to help homeowners appeal their property tax assessments and identify potential exemptions, potentially lowering their tax bills. By leveraging expertise in property tax laws and assessment procedures, Ownwell can assist homeowners in navigating the complexities of property taxation, ultimately leading to potential savings.
Median Shaftsburg Tax Bill
$2,239
Median Shiawassee County Tax Bill
$2,104
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Shaftsburg, Shiawassee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48882 | $995 | $1,607 | $2,239 | $3,366 | $5,121 |
Source: Ownwell