Twining, Arenac County, Michigan Property Taxes
Median Twining, MI effective property tax rate: 0.91%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Twining, MI home value: $96,900
Median annual Twining, MI tax bill: $896, $1,504 lower than the national median property tax bill of $2,400.
How are property taxes in Arenac County calculated?
Property taxes in Twining, 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 Twining’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Twining, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Twining, Arenac County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.91%
Estimate Property Tax Bill
$1,066
$989
Property Tax Rates Across Twining, Arenac County, Michigan
Local government entities set tax rates, which can vary widely within a state. This is 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 Twining’s effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S.
In Twining, located in Arenac County, the effective property tax rate is 0.91%. This is below the national median property tax rate of 1.02%, making it an attractive area for property owners looking to save on taxes. The consistency in tax rates within Arenac County, where Twining is located, reflects a stable economic environment. With the national median property tax bill at $2,400, homeowners in Twining may find themselves paying less annually. This financial advantage can be appealing for both current residents and potential property buyers.
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 Twining Tax Rate
0.91%
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 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 Twining, Arenac County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48766 | 0.59% | 0.75% | 0.91% | 1.29% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Twining, Arenac County, Michigan
When examining property taxes in Twining, 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 Twining. For example, the median home price in Twining is $96,900, with tax bills ranging significantly across the county. Zip code 48766 has the highest median home price at $96,900.
Property Tax Assessment Values Across Twining, Arenac County, Michigan
Source: Ownwell
$104,800
$177,950
$251,100
Median Twining Market Value
$117,100
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 Twining, Arenac County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48766 | $37,500 | $70,150 | $117,100 | $177,250 | $254,000 |
Source: Ownwell
Property Tax Bills Across Twining, Arenac County, Michigan
Median Twining Tax Bill
$1,087
Median Arenac County Tax Bill
$1,433
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Twining, Arenac County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48766 | $308 | $602 | $1,087 | $1,714 | $2,465 |
Source: Ownwell