Farwell, Clare County, Michigan Property Taxes
Median Farwell, MI effective property tax rate: 0.39%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Farwell, MI home value: $119,984
Median annual Farwell, MI tax bill: $500, $1,900 lower than the national median property tax bill of $2,400.
How are property taxes in Clare calculated?
Property taxes in Farwell, 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 Farwell’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Farwell, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Farwell, Clare County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.01%
Estimate Property Tax Bill
$1,532
$1,421
Property Tax Rates Across Farwell, Clare County, Michigan
Local government entities determine tax rates, which can differ significantly across a state. This is because each county calculates its budget needs annually to fund services and divides this by the total value of all taxable property within its area. This process establishes the property tax rate. Despite the influence of votes and legislation in determining tax rates and budgets, this is essentially how it is done every year.
Below, you can compare Farwell’s effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S. Farwell, located in Clare County, offers a property tax rate that is significantly lower than both the state and national averages. With Michigan’s median property tax rate standing at 1.54%, Farwell’s rate is notably more affordable, providing property owners with a substantial advantage. When compared to the national median property tax rate of 1.02%, Farwell’s rate is impressively low, making it an attractive option for property owners seeking to lower their tax burden. This favorable tax environment can make a significant difference in overall property expenses.
Our median effective property tax rate (tax bill Ă· 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 Farwell Tax Rate
1.01%
Our median effective property tax rate (tax bill Ă· 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 Clare County Tax Rate
1.21%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Farwell, Clare County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48622 | 0.76% | 0.86% | 1.01% | 1.45% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Farwell, Clare County, Michigan
When examining property taxes in Farwell, 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 Clare County Equalization Department 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 Clare 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 Farwell. For example, the median home price in Farwell is $119,984, with tax bills ranging significantly across the county. 48622 has the highest median home price at $119,984.
Property Tax Assessment Values Across Farwell, Clare County, Michigan
Source: Ownwell
$87,900
$162,150
$236,400
Median Farwell Market Value
$151,644
Median Clare County Market Value
$107,200
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Farwell, Clare County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48622 | $42,472 | $94,324 | $151,644 | $224,490 | $298,275 |
Source: Ownwell
Property Tax Bills Across Farwell, Clare County, Michigan
Median Farwell Tax Bill
$1,618
Median Clare County Tax Bill
$1,244
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Farwell, Clare County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48622 | $573 | $1,035 | $1,618 | $2,450 | $3,397 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 9 |
Links | |
|---|---|
| Clare Tax Assessor | |
| Website | bsaonline.com |