Thompsonville, Grand Traverse County, Michigan Property Taxes
Property Taxes in Thompsonville, Michigan
Median Thompsonville, Michigan effective property tax rate: 0.78%, significantly lower than the national median of 1.02%, and lower than the Michigan state median of 1.05%.
Median Thompsonville, Michigan home value: $287,009
Median annual Thompsonville, Michigan tax bill: $2,095, lower than the national median property tax bill of $2,400.
How are property taxes in Grand Traverse calculated?
Property taxes in Thompsonville, 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 Thompsonville's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Thompsonville, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Thompsonville, Grand Traverse County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.78%
Estimate Property Tax Bill
$2,239
$2,077
How Does the Thompsonville Property Tax Calculator Work?
Use this Thompsonville property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Thompsonville's median effective tax rate of 0.78% — based on actual property records in Grand Traverse County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Thompsonville's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Thompsonville: rates range from 0.78% in 49683 to 0.78% in 49683, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Thompsonville.
About Thompsonville Property Taxes
About Property Taxes in Thompsonville, Grand Traverse, Michigan
Thompsonville’s median effective property tax rate of 0.78% is lower than the Grand Traverse County base levy and higher than the Michigan state median of 1.05%, while also lower than the national median of 1.02%. This rate reflects local school district levies and tax increment finance districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Thompsonville. Homeowners in ZIP code 49683 carry a median effective rate of 0.78%, and the same ZIP code also has the lowest median rate of 0.78%. That means the city’s rate is consistent across the area, but your assessed value still plays a major role in your bill.
Thompsonville 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 Thompsonville, Grand Traverse 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 Thompsonville'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 Thompsonville, Grand Traverse County, Michigan
Source: Ownwell
0.70%
0.84%
0.98%
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 Thompsonville Tax Rate
0.78%
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 Grand Traverse County Tax Rate
0.85%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Thompsonville, Grand Traverse County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49683 | 0.52% | 0.64% | 0.78% | 1.03% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Thompsonville, Grand Traverse County, Michigan
When examining property taxes in Thompsonville, 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 Grand Traverse 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.
Assessment notices:
In Grand Traverse County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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 Thompsonville.
For example, the median home price in Thompsonville is $287,009, with tax bills ranging significantly across the county. 49683 has the highest median home price at $287,009.
Property Tax Assessment Values Across Thompsonville, Grand Traverse County, Michigan
Source: Ownwell
$240,804
$337,478
$434,152
Median Thompsonville Market Value
$287,009
Median Grand Traverse County Market Value
$367,223
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Thompsonville, Grand Traverse County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49683 | $59,803 | $141,224 | $287,009 | $424,273 | $715,576 |
Source: Ownwell
Property Tax Bills Across Thompsonville, Grand Traverse County, Michigan
Property tax bills in Thompsonville are calculated from the assessed value of a home and the local tax rate set by taxing authorities. The assessed value is based on the market value of the property, and that value is then multiplied by the applicable millage rate to determine the annual bill. For homeowners, this means that changes in market conditions can directly affect what they owe each year.
In Thompsonville, the median home price is $287,009, and the median property tax bill is $2,095 in ZIP code 49683. That bill is below the national median property tax bill of $2,400, but it still varies widely across homes. Bills in the area range from $1,159 at the 25th percentile to $3,214 at the 75th percentile, with the 90th percentile reaching $4,445. These differences reflect how assessed values and local tax rates combine, making property taxes an important part of homeownership costs.
Property Tax Bills Across Thompsonville, Grand Traverse County, Michigan
Source: Ownwell
$1,846
$3,044
$4,241
Median Thompsonville Tax Bill
$2,095
Median Grand Traverse County Tax Bill
$3,281
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Thompsonville, Grand Traverse County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49683 | $609 | $1,159 | $2,095 | $3,214 | $4,445 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 9 |
Links | |
|---|---|
| Grand Traverse Tax Assessor | |
| Website | bsaonline.com |