Tawas City, Arenac County, Michigan Property Taxes

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

Median Tawas City, MI effective property tax rate: 1.34%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Tawas City, MI home value: $206,900
Median annual Tawas City, MI tax bill: $2,378, $22 lower than the national median property tax bill of $2,400.

How are property taxes in Arenac calculated?

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

Last Updated March 1, 2025

Tawas City, Arenac County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.39%

Estimate Property Tax Bill

$3,490

$3,239

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

Property Tax Rates Across Tawas City, Arenac County, Michigan

Local government entities set tax rates, which can vary widely within a state. 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 Tawas City’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 Tawas City, Arenac County, Michigan

Source: Ownwell

0.91%

1.21%

1.50%

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 Tawas City Tax Rate

1.39%

Median Effective Arenac County Tax Rate

1.30%

Median Effective Michigan Tax Rate

1.05%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Tawas City, Arenac County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48763	0.87%	0.95%	1.39%	1.59%	1.90%

Source: Ownwell

Property Tax Assessment Values Across Tawas City, Arenac County, Michigan

When examining property taxes in Tawas City, 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 Arenac 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 Arenac 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 Tawas City. For example, the median home price in Tawas City is $206,900, with tax bills ranging significantly across the county. Zip code 48763 has the highest median home price at $206,900.

Property Tax Assessment Values Across Tawas City, Arenac County, Michigan

Source: Ownwell

$104,800

$177,950

$251,100

Median Tawas City Market Value

$251,100

Median Arenac County Market Value

$117,200

Median Michigan Market Value

$213,740

Median United States Market Value

$235,294

Property Tax Assessment Values Across Tawas City, Arenac County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48763	$47,860	$96,600	$251,100	$389,800	$547,560

Source: Ownwell

Property Tax Bills Across Tawas City, Arenac County, Michigan

Property tax bills in Tawas City are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is a percentage of the property's market value. Homeowners in Tawas City typically face a median tax bill of $2,378, closely aligning with the national median of $2,400. However, tax bills can vary significantly, ranging from the 25th percentile at $980 to the 90th percentile at $6,154, depending on factors such as property location and size. These taxes fund essential public services like schools, roads, and emergency services, directly impacting the quality of life for residents. Ownwell offers valuable assistance to homeowners by reviewing their property assessments to identify discrepancies or opportunities for exemptions. By challenging over-assessments, Ownwell can help reduce property tax burdens, ensuring homeowners pay only their fair share. This service not only saves money but also provides peace of mind, knowing that one's property taxes are accurately assessed.

Property Tax Bills Across Tawas City, Arenac County, Michigan

Source: Ownwell

$1,087

$1,991

$2,895

Median Tawas City Tax Bill

$2,895

Median Arenac County Tax Bill

$1,433

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Tawas City, Arenac County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48763	$685	$1,228	$2,895	$5,246	$7,610

Source: Ownwell