Petoskey, Charlevoix County, Michigan Property Taxes
Property Taxes in Petoskey, Michigan
Median Petoskey, Michigan effective property tax rate: 0.71%, significantly lower than the national median of 1.02%, and lower than the Michigan state median of 1.05%.
Median Petoskey, Michigan home value: $476,800
Median annual Petoskey, Michigan tax bill: $3,921, $1,521 higher than the national median property tax bill of $2,400.
How are property taxes in Charlevoix calculated?
Property taxes in Petoskey, Michigan 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 Petoskey's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Petoskey, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Petoskey, Charlevoix County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.71%
Estimate Property Tax Bill
$3,385
$3,141
How Does the Petoskey Property Tax Calculator Work?
Use this Petoskey property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Petoskey's median effective tax rate of 0.71% — based on actual property records in Charlevoix County — to generate your estimate.
Enter your property's estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Petoskey's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Petoskey's median effective tax rate is lower than Charlevoix County's and lower than Michigan's 1.05% median tax rate. The city's median property tax bill is $3,921, which is $1,521 higher than the state median tax bill and above the $2,400 national median property tax bill.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Petoskey.
About Petoskey Property Taxes
About Property Taxes in Petoskey, Charlevoix, Michigan
Petoskey's median effective property tax rate of 0.71% is lower than the Michigan state median of 1.05% and lower than the national median of 1.02%. This rate reflects the Charlevoix County base levy combined with local school district levies and Tax increment finance districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Petoskey. Homeowners in the 49770 ZIP code carry a median effective rate of 0.71%, while those in the same ZIP code pay 0.71%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Charlevoix County. Understanding which part of Petoskey you live in can make a meaningful difference to your annual tax bill.
Petoskey homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the March 9, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Petoskey, Charlevoix County, Michigan
As noted earlier, 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 Petoskey's effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S.
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 Petoskey Tax Rate
0.71%
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 Charlevoix County Tax Rate
0.90%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Petoskey, Charlevoix County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49770 | 0.43% | 0.55% | 0.71% | 0.95% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Petoskey, Charlevoix County, Michigan
When examining property taxes in Petoskey, Michigan, 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 Charlevoix County assessment office 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 Charlevoix County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of February.
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 Petoskey.
For example, the median home price in Petoskey is $476,800, with tax bills ranging significantly across the county. 49770 has the highest median home price at $476,800.
Property Tax Assessment Values Across Petoskey, Charlevoix County, Michigan
Source: Ownwell
$200,000
$389,200
$578,400
Median Petoskey Market Value
$476,800
Median Charlevoix County Market Value
$299,800
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Petoskey, Charlevoix County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49770 | $218,360 | $296,000 | $476,800 | $2,368,150 | $3,398,820 |
Source: Ownwell
Property Tax Bills Across Petoskey, Charlevoix County, Michigan
Property tax bills in Petoskey are based on the assessed value of a home and the local tax rate set by taxing authorities in Charlevoix County. When a property’s assessed value rises, the tax bill can increase as well, even if the homeowner has not made any changes to the home. For a home with a median value of $476,800, the tax bill reflects how local assessments and rates are applied to that value.
Homeowners in Petoskey should also know that property taxes can vary widely from one property to another. The 25th percentile tax bill is $2,014, while the 75th percentile reaches $13,978 and the 90th percentile climbs to $30,388. The highest and lowest median tax bill in the area is $3,921 in ZIP code 49770. Compared with the national median property tax rate of 1.02% and the national median property tax bill of $2,400, Petoskey homeowners may face bills that are significantly higher depending on their home’s assessed value and location.
Median Petoskey Tax Bill
$3,921
Median Charlevoix County Tax Bill
$2,666
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Petoskey, Charlevoix County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49770 | $1,459 | $2,014 | $3,921 | $13,978 | $30,388 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 9 |
Links | |
|---|---|
| Charlevoix Tax Assessor | |
| Website | bsaonline.com |