Akron, Tuscola County, Michigan Property Taxes

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

Median Akron, MI effective property tax rate: 0.34%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Akron, MI home value: $100,600
Median annual Akron, MI tax bill: $385, $2,015 lower than the national median property tax bill of $2,400.

How are property taxes in Tuscola calculated?

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

Last Updated March 1, 2025

Akron, Tuscola County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.34%

Estimate Property Tax Bill

$342

$317

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

Property Tax Rates Across Akron, Tuscola County, Michigan

Local government entities in Michigan set tax rates, leading to significant variation across the state. Each county, including Tuscola, annually estimates its required budget to provide essential services. This budget is then divided by the total assessed value of all taxable property within the jurisdiction, resulting in the property tax rate. Although votes and laws play a role in this process, this calculation is the essence of how property tax rates are determined each year.

In Akron, located in Tuscola County, the effective property tax rate is a key figure to consider when comparing it to other cities in Michigan and across the United States. While the national median property tax rate stands at 1.02%, Michigan's median is notably lower. This difference highlights the variability in property tax burdens across different regions. Understanding these rates is crucial for property owners aiming to manage their expenses effectively. By comparing Akron's rate to broader state and national figures, property owners can gain valuable insights into their tax obligations and explore potential savings through appeals or exemptions.

Property Tax Rates Across Akron, Tuscola County, Michigan

Source: Ownwell

0.24%

0.76%

1.28%

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 Akron Tax Rate

0.34%

Median Effective Tuscola County Tax Rate

0.36%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Akron, Tuscola County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48701	0.24%	0.28%	0.34%	0.51%	0.68%

Source: Ownwell

Property Tax Assessment Values Across Akron, Tuscola County, Michigan

When examining property taxes in Akron, 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 Tuscola 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: In Tuscola 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. For example, the median home price in Akron is $100,600, with tax bills ranging significantly across the county. The zip code 48701 has the highest median home price at $100,600.

Property Tax Assessment Values Across Akron, Tuscola County, Michigan

Source: Ownwell

$62,800

$129,400

$196,000

Median Akron Market Value

$100,600

Median Tuscola County Market Value

$128,800

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Akron, Tuscola County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48701	$30,000	$70,800	$100,600	$140,250	$190,620

Source: Ownwell

Property Tax Bills Across Akron, Tuscola County, Michigan

In Akron, located in Tuscola County, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The median home price in Akron is $100,600, and property taxes are determined by applying the local tax rate to this assessed value. Factors such as property improvements or changes in market conditions can influence the assessed value, thereby affecting the tax bill. Homeowners in Akron face varying tax bills, with the 25th percentile at $240 and the 75th percentile at $557. This variation can significantly impact household budgets.

Ownwell offers valuable assistance to homeowners by helping them navigate the property tax appeal process. By analyzing property assessments and market conditions, Ownwell identifies opportunities for tax savings. Their expertise ensures that homeowners are not overpaying on their property taxes, potentially saving hundreds of dollars annually. With Ownwell's support, Akron homeowners can achieve fair property tax assessments, aligning their tax bills more closely with their property's true market value.

Property Tax Bills Across Akron, Tuscola County, Michigan

Source: Ownwell

$233

$564

$894

Median Akron Tax Bill

$385

Median Tuscola County Tax Bill

$531

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Akron, Tuscola County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48701	$127	$240	$385	$557	$817

Source: Ownwell