Posen, Alpena County, Michigan Property Taxes
Median Posen, MI effective property tax rate: 0.38%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Posen, MI home value: $117,800
Median annual Posen, MI tax bill: $430, $1,970 lower than the national median property tax bill of $2,400.
How are property taxes in Alpena calculated?
Property taxes in Posen, 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 Posen’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Posen, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Posen, Alpena County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.87%
Estimate Property Tax Bill
$1,295
$1,201
Property Tax Rates Across Posen, Alpena 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. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
Posen's effective property tax rate offers an interesting comparison to other cities in Michigan and the broader national landscape. The median property tax rate in Michigan is notably lower than the national median rate. With Michigan's median property tax rate being significantly below the national average, homeowners in Posen benefit from relatively lower property tax bills compared to many other parts of the country. This can be particularly appealing for those looking to manage their expenses while still enjoying the benefits of property ownership. Comparing these figures can provide valuable insights for prospective homeowners and those considering appealing their property tax assessments.
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 Posen Tax Rate
0.87%
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 Alpena County Tax Rate
1.01%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Posen, Alpena County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49776 | 0.56% | 0.71% | 0.87% | 1.17% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Posen, Alpena County, Michigan
When examining property taxes in Posen, 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 Alpena 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 Alpena County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the month. 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 Posen. For example, the median home price in Posen is $117,800, with tax bills ranging significantly across the county. Zip code 49776 has the highest median home price at $117,800.
Property Tax Assessment Values Across Posen, Alpena County, Michigan
Source: Ownwell
$124,500
$144,000
$163,500
Median Posen Market Value
$148,800
Median Alpena County Market Value
$141,400
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Posen, Alpena County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49776 | $69,400 | $98,300 | $148,800 | $216,100 | $337,640 |
Source: Ownwell
Property Tax Bills Across Posen, Alpena County, Michigan
In Posen, located in Alpena County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is a percentage of the market value. Homeowners in Posen can expect a median property tax bill of $430, significantly lower than the national median of $2,400. However, this doesn't mean homeowners should overlook potential savings. Factors influencing the tax bill include property size, location, and market trends. For instance, those in the 25th percentile pay around $296, while those in the 90th percentile could pay up to $1,002.
Ownwell offers valuable assistance to homeowners by providing property tax appeal services. Our experts review your property’s assessment to ensure it aligns with current market values, potentially reducing your tax bill. By identifying discrepancies and advocating on your behalf, Ownwell can help you achieve a fair tax assessment, ensuring you’re not overpaying. Trust Ownwell to navigate the complexities of property tax appeals and secure the savings you deserve.
Median Posen Tax Bill
$1,361
Median Alpena County Tax Bill
$1,482
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Posen, Alpena County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49776 | $640 | $869 | $1,361 | $1,989 | $2,902 |
Source: Ownwell