Seney, Alger County, Michigan Property Taxes

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

Median Seney, MI effective property tax rate: 1.19%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Seney, MI home value: $144,700
Median annual Seney, MI tax bill: $1,564, $836 lower than the national median property tax bill of $2,400.

How are property taxes in Alger County calculated?

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

Last Updated March 1, 2025

Seney, Alger County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.44%

Estimate Property Tax Bill

$2,033

$1,887

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

Property Tax Rates Across Seney, Alger County, Michigan

Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each year, counties estimate their required budget to provide essential services and then divide that amount by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. Although votes and legislation play a role in setting these rates and budgets, this is essentially how the process unfolds annually.

In Seney, located in Alger County, Michigan, the effective property tax rate is a reflection of this process. When compared to other cities in Michigan and the national median, Seney's rate offers a unique perspective on local taxation. Understanding these rates helps property owners make informed decisions about their investments and financial planning. By examining local tax rates in relation to state and national medians, property owners can better assess their tax obligations and potential savings.

Property Tax Rates Across Seney, Alger County, Michigan

Source: Ownwell

0.91%

1.28%

1.64%

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 Seney Tax Rate

1.44%

Median Effective Alger County Tax Rate

1.20%

Median Effective Michigan Tax Rate

1.05%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Seney, Alger County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49883	1.14%	1.23%	1.44%	2.19%	2.27%

Source: Ownwell

Property Tax Assessment Values Across Seney, Alger County, Michigan

When examining property taxes in Seney, 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 Alger 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 Alger 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 Seney. For example, the median home price in Seney is $144,700, with tax bills ranging significantly across the county. 49883 has the highest median home price at $144,700.

Property Tax Assessment Values Across Seney, Alger County, Michigan

Source: Ownwell

$63,800

$117,100

$170,400

Median Seney Market Value

$141,200

Median Alger County Market Value

$123,000

Median Michigan Market Value

$213,740

Median United States Market Value

$235,294

Property Tax Assessment Values Across Seney, Alger County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49883	$32,480	$92,900	$141,200	$197,400	$266,000

Source: Ownwell

Property Tax Bills Across Seney, Alger County, Michigan

In Seney, located in Alger County, MI, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, which is influenced by factors such as location, size, and condition of the property. Homeowners in Seney experience a median property tax bill of $1,564, which is significantly below the national median of $2,400. However, tax bills can vary, with the 25th percentile at $1,078 and the 90th percentile reaching up to $2,629. This variation highlights the importance of understanding how assessments and tax rates affect individual tax bills. Ownwell can assist homeowners by reviewing their property assessments to ensure accuracy and by identifying potential exemptions or errors that could lead to savings. By appealing over-assessments and securing applicable exemptions, Ownwell can help reduce the financial burden of property taxes, ensuring homeowners pay only what is fair and accurate.

Property Tax Bills Across Seney, Alger County, Michigan

Source: Ownwell

$769

$1,587

$2,404

Median Seney Tax Bill

$2,404

Median Alger County Tax Bill

$1,497

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Seney, Alger County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49883	$1,169	$2,030	$2,404	$3,016	$4,639

Source: Ownwell