Mikado, Alcona County, Michigan Property Taxes

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

Median Mikado, MI effective property tax rate: 0.52%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Mikado, MI home value: $99,800
Median annual Mikado, MI tax bill: $593, $1,807 lower than the national median property tax bill of $2,400.

How are property taxes in Alcona calculated?

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

Last Updated March 1, 2025

Mikado, Alcona County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.76%

Estimate Property Tax Bill

$1,039

$964

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

Property Tax Rates Across Mikado, Alcona County, Michigan

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide 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, in a nutshell, this is the annual process. Below, you can compare Mikado’s effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S.

Property Tax Rates Across Mikado, Alcona County, Michigan

Source: Ownwell

0.70%

1.01%

1.31%

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 Mikado Tax Rate

0.76%

Median Effective Alcona County Tax Rate

0.98%

Median Effective Michigan Tax Rate

1.05%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mikado, Alcona County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48745	0.57%	0.61%	0.76%	1.19%	1.41%

Source: Ownwell

Property Tax Assessment Values Across Mikado, Alcona County, Michigan

When examining property taxes in Mikado, 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 Alcona 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 Alcona County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Mikado.

For example, the median home price in Mikado is $99,800, with tax bills ranging significantly across the county. Zip code 48745 has the highest median home price at $99,800.

Property Tax Assessment Values Across Mikado, Alcona County, Michigan

Source: Ownwell

$66,900

$178,950

$291,000

Median Mikado Market Value

$136,700

Median Alcona County Market Value

$153,000

Median Michigan Market Value

$213,740

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mikado, Alcona County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48745	$43,400	$80,550	$136,700	$208,300	$284,620

Source: Ownwell

Property Tax Bills Across Mikado, Alcona County, Michigan

In Mikado, located in Alcona County, MI, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. With a median home price of $99,800, residents face a property tax bill that can range significantly. The 25th percentile tax bill is $377, while the 75th percentile reaches $977, and the 90th percentile climbs to $1,498. These figures highlight the variability in tax obligations depending on property value assessments and applicable tax rates. Compared to the national median property tax rate of 1.02% and a median bill of $2,400, Mikado's property taxes are relatively modest. However, homeowners may still find these expenses burdensome. That's where Ownwell comes in. By offering property tax appeal and exemption services, Ownwell aids homeowners in potentially lowering their tax bills. Through a detailed analysis of assessments and market conditions, Ownwell identifies opportunities for tax savings, ensuring that residents only pay their fair share and can better manage their financial responsibilities.

Property Tax Bills Across Mikado, Alcona County, Michigan

Source: Ownwell

$613

$1,596

$2,579

Median Mikado Tax Bill

$1,073

Median Alcona County Tax Bill

$1,366

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Mikado, Alcona County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48745	$423	$673	$1,073	$1,663	$2,469

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	March 9

Links
Alcona Tax Assessor
Website	bsaonline.com