Caro, Tuscola County, Michigan Property Taxes

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

Median CARO, 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 CARO, MI home value: $129,800
Median annual CARO, MI tax bill: $595, $1,805 lower than the national median property tax bill of $2,400.

How are property taxes in Tuscola calculated?

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

Last Updated March 1, 2025

Caro, Tuscola County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.39%

Estimate Property Tax Bill

$506

$470

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

Property Tax Rates Across Caro, Tuscola County, Michigan

Local government entities in Michigan, such as those in Tuscola County, set tax rates, which can vary widely. Annually, each county assesses its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Caro, located within Tuscola County, the effective property tax rate is notably lower than both the Michigan state median and the national median. With Michigan's median property tax rate being 1.54%, Caro's rate of 0.39% offers a substantial saving for property owners. Nationally, the median property tax rate stands at 1.02%, making Caro's rate even more attractive when compared to other regions across the country. This lower tax rate can significantly impact homeowners' annual tax bills, providing a more affordable living option within Michigan. By understanding these variances, property owners in Caro can better appreciate the benefits of their local tax environment.

Property Tax Rates Across Caro, 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 Caro Tax Rate

0.39%

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 Caro, Tuscola County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48723	0.28%	0.32%	0.39%	0.79%	0.98%

Source: Ownwell

Property Tax Assessment Values Across Caro, Tuscola County, Michigan

When examining property taxes in Caro, 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 Tuscola County assessor 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 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. 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 Caro.

For example, the median home price in Caro is $129,800, with tax bills ranging significantly across the county. Zip code 48723 has the highest median home price at $129,800.

Property Tax Assessment Values Across Caro, Tuscola County, Michigan

Source: Ownwell

$62,800

$129,400

$196,000

Median Caro Market Value

$129,800

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 Caro, Tuscola County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48723	$53,920	$85,800	$129,800	$184,000	$245,680

Source: Ownwell

Property Tax Bills Across Caro, Tuscola County, Michigan

In Caro, located in Tuscola County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is then multiplied by the local tax rate to determine the tax bill. With a median home price of $129,800, the property tax bills in Caro can vary significantly. For instance, homeowners might encounter tax bills at the 25th percentile of $387, while those at the 75th percentile might see bills around $901. The 90th percentile tax bill reaches up to $1,330. These figures illustrate how property taxes can impact homeowners' finances. Compared to the national median property tax bill of $2,400, Caro's figures are relatively lower, providing some relief to homeowners. However, even with lower tax bills, ensuring accuracy in assessments is crucial. Ownwell offers expert property tax appeal and exemption services to help homeowners challenge inaccuracies in their assessments, potentially leading to significant savings on their property tax bills.

Property Tax Bills Across Caro, Tuscola County, Michigan

Source: Ownwell

$233

$564

$894

Median Caro Tax Bill

$595

Median Tuscola County Tax Bill

$531

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Caro, Tuscola County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48723	$216	$387	$595	$901	$1,330

Source: Ownwell