Schoolcraft, St. Joseph County, Michigan Property Taxes

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

Median Schoolcraft, MI effective property tax rate: 0.39%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Schoolcraft, MI home value: $184,200
Median annual Schoolcraft, MI tax bill: $738, $1,662 lower than the national median property tax bill of $2,400.

How are property taxes in St. Joseph calculated?

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

Last Updated March 1, 2025

Schoolcraft, St. Joseph County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.41%

Estimate Property Tax Bill

$901

$836

Ownwell’s Schoolcraft Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Schoolcraft with just two data points. By entering your property's estimated assessed value, our calculator applies Schoolcraft’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 St. Joseph County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Schoolcraft, St. Joseph County, Michigan

Local government entities set tax rates, which can vary widely within a state. This variation occurs 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 are involved in setting tax rates and budgets, this is essentially the annual process.

In Schoolcraft, located in St. Joseph County, Michigan, the effective property tax rate is notably lower than both the state and national medians. Michigan's median property tax rate is below the national median, making Schoolcraft's rate even more attractive to homeowners. Compared to the U.S. median property tax rate and bill, residents of Schoolcraft benefit from significantly lower property tax obligations. This can make Schoolcraft an appealing place for property owners seeking to minimize their annual tax burdens while enjoying the services funded by these taxes. Understanding these differences in property tax rates can guide prospective homeowners in making informed decisions about where to purchase property.

Property Tax Rates Across Schoolcraft, St. Joseph County, Michigan

Source: Ownwell

0.32%

0.39%

0.46%

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 Tax Rate

0.41%

Median Effective St. Joseph County Tax Rate

0.41%

Median Effective Michigan Tax Rate

1.05%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Schoolcraft, St. Joseph County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49087	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Schoolcraft, St. Joseph County, Michigan

When examining property taxes in Schoolcraft, 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. Joseph 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. Assessment notices: St. Joseph County sends assessment notices 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 Schoolcraft. For example, the median home price in Schoolcraft is $184,200, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Schoolcraft, St. Joseph County, Michigan

Source: Ownwell

$130,000

$181,350

$232,700

Median Schoolcraft Market Value

$219,700

Median St. Joseph County Market Value

$166,000

Median Michigan Market Value

$213,740

Median United States Market Value

$235,294

Property Tax Assessment Values Across Schoolcraft, St. Joseph County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49087	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Schoolcraft, St. Joseph County, Michigan

In Schoolcraft, located in St. Joseph County, MI, property tax bills are determined by the assessed value of a home, which is typically a percentage of its market value. Homeowners in Schoolcraft face a median tax bill that can vary significantly depending on the assessed value of their property. For instance, those in the 25th percentile might pay around $616, while those in the 90th percentile could see bills as high as $934. These figures are notably lower than the national median property tax bill of $2,400. However, the impact on homeowners can still be significant, especially for those on fixed incomes or with limited financial flexibility. This is where Ownwell can make a difference. By leveraging expert knowledge and experience, Ownwell helps homeowners navigate the complexities of property tax appeals and exemptions, potentially lowering their tax bills. By ensuring that properties are accurately assessed, Ownwell assists homeowners in achieving fair tax bills, ultimately leading to substantial savings.

Property Tax Bills Across Schoolcraft, St. Joseph County, Michigan

Source: Ownwell

$401

$813

$1,225

Median Schoolcraft Tax Bill

$961

Median St. Joseph County Tax Bill

$874

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Schoolcraft, St. Joseph County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49087	N/A	N/A	N/A	N/A	N/A

Source: Ownwell