North Street, St. Clair County, Michigan Property Taxes
Median North Street, MI effective property tax rate: 0.58%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median North Street, MI home value: $203,800
Median annual North Street, MI tax bill: $1,209, $1,191 lower than the national median property tax bill of $2,400.
How are property taxes in St. Clair calculated?
Property taxes in North Street, 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 North Street’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in North Street, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
North Street, St. Clair County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.55%
Estimate Property Tax Bill
$1,297
$1,203
Property Tax Rates Across North Street, St. Clair County, Michigan
Local government entities determine tax rates, leading to significant variations within a state. Annually, each county in Michigan, including St. Clair, estimates its required budget for services and divides that by the total value of all taxable property in its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
North Street in St. Clair County has a median property tax rate of 0.58%, which is notably lower than the national median of 1.02%. This lower rate can result in significant savings for property owners compared to other regions in the U.S. Comparing North Street’s effective property tax rate to other cities in Michigan, it stands out as one of the most favorable. The consistency of the tax rate across the county suggests a stable fiscal environment, beneficial for property owners seeking predictability in their financial planning.
Understanding these rates is crucial for property owners aiming to manage their expenses effectively. This information can guide potential buyers and investors in making informed decisions about property ownership in North Street and St. Clair County.
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 North Street Tax Rate
0.55%
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 St. Clair County Tax Rate
0.72%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across North Street, St. Clair County, Michigan
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
48049 | 0.30% | 0.44% | 0.55% | 0.68% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across North Street, St. Clair County, Michigan
When examining property taxes in North Street, 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 St. Clair 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 St. Clair 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 North Street. For example, the median home price in North Street is $203,800, with tax bills ranging significantly across the county. Zip code 48049 has the highest median home price at $203,800.
Property Tax Assessment Values Across North Street, St. Clair County, Michigan
Source: Ownwell
$54,200
$198,700
$343,200
Median North Street Market Value
$235,800
Median St. Clair County Market Value
$214,800
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across North Street, St. Clair County, Michigan
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
48049 | $129,480 | $188,500 | $235,800 | $305,750 | $402,400 |
Source: Ownwell
Property Tax Bills Across North Street, St. Clair County, Michigan
Median North Street Tax Bill
$1,300
Median St. Clair County Tax Bill
$1,650
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across North Street, St. Clair County, Michigan
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
48049 | $419 | $858 | $1,300 | $1,958 | $2,852 |
Source: Ownwell