Williamsburg, Grand Traverse County, Michigan Property Taxes
Median Williamsburg, MI effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Williamsburg, MI home value: $322,912
Median annual Williamsburg, MI tax bill: $2,434, $34 higher than the national median property tax bill of $2,400.
How are property taxes in Grand Traverse calculated?
Property taxes in Williamsburg, 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 Williamsburg’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Williamsburg, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Williamsburg, 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
$3,386
$3,142
Property Tax Rates Across Williamsburg, Grand Traverse County, Michigan
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
In Williamsburg, located in Grand Traverse County, Michigan, the effective property tax rate is notably lower compared to the national median of 1.02%. This lower rate can be an attractive factor for homeowners considering relocation or investment in this region. When comparing Williamsburg's property tax rate to other cities in Michigan, it remains consistent with the state's median rate, offering residents a more affordable option in terms of property taxes.
For prospective homeowners or investors, understanding these local variations in property tax rates can significantly impact financial planning and decision-making. The comparative affordability of Williamsburg’s property tax rate can be a compelling reason for choosing this area as a place to live or invest, providing both economic and lifestyle advantages.
Property Tax Rates Across Williamsburg, 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 Williamsburg 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 Williamsburg, Grand Traverse County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49690 | 0.50% | 0.61% | 0.78% | 1.06% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Williamsburg, Grand Traverse County, Michigan
When examining property taxes in Williamsburg, 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 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.
In Grand Traverse County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Williamsburg. For example, the median home price in Williamsburg is $322,912, with tax bills ranging significantly across the county. Zip code 49690 has the highest median home price at $322,912.
Property Tax Assessment Values Across Williamsburg, Grand Traverse County, Michigan
Source: Ownwell
$240,804
$337,478
$434,152
Median Williamsburg Market Value
$434,152
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 Williamsburg, Grand Traverse County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49690 | $227,997 | $296,674 | $434,152 | $719,304 | $1,308,928 |
Source: Ownwell
Property Tax Bills Across Williamsburg, Grand Traverse County, Michigan
Property Tax Bills Across Williamsburg, Grand Traverse County, Michigan
Source: Ownwell
$1,846
$3,044
$4,241
Median Williamsburg Tax Bill
$3,577
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 Williamsburg, Grand Traverse County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49690 | $1,616 | $2,321 | $3,577 | $5,859 | $11,151 |
Source: Ownwell