Ashley, Gratiot County, Michigan Property Taxes
Median Ashley, MI effective property tax rate: 0.44%, significantly lower than the national median of 1.02%, but also lower than the Michigan state median of 1.07%.
Median Ashley, MI home value: $110,200
Median annual Ashley, MI tax bill: $452, $1,948 lower than the national median property tax bill of $2,400.
How are property taxes in Gratiot calculated?
Property taxes in Ashley, 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 Ashley’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ashley, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ashley, Gratiot County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.83%
Estimate Property Tax Bill
$1,295
$1,202
Ownwell’s Ashley Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ashley with just two data points.
By entering your property's estimated assessed value, our calculator applies Ashley’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Gratiot County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Ashley, Gratiot County, Michigan
Local government entities are responsible for setting tax rates, which can vary significantly even within a state. This variation occurs because each county annually calculates its required budget to provide essential services and then divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While setting tax rates and budgets involves votes and laws, this is essentially how the process works each year.
Within Michigan, Ashley in Gratiot County has an effective property tax rate of 0.44%. This rate is notably lower than the national median property tax rate of 1.02%. Compared to other cities and counties in Michigan, Ashley's property tax rate stands out as one of the lowest. This low rate can be appealing to property owners, as it translates to a lower tax bill compared to the national median property tax bill of $2,400. Understanding these rates is crucial for property owners looking to optimize their tax liabilities and make informed decisions about property investments.
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 Ashley Tax Rate
0.83%
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 Gratiot County Tax Rate
1.13%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Ashley, Gratiot County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48806 | 0.49% | 0.67% | 0.83% | 1.03% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Ashley, Gratiot County, Michigan
When examining property taxes in Ashley, 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 Gratiot 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 Gratiot 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 Ashley.
For example, the median home price in Ashley is $110,200, with tax bills ranging significantly across the county. Zip code 48806 has the highest median home price at $110,200.
Property Tax Assessment Values Across Ashley, Gratiot County, Michigan
Source: Ownwell
$64,500
$134,300
$204,100
Median Ashley Market Value
$156,000
Median Gratiot County Market Value
$138,800
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Ashley, Gratiot County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48806 | $53,480 | $98,300 | $156,000 | $219,550 | $308,120 |
Source: Ownwell
Property Tax Bills Across Ashley, Gratiot County, Michigan
Median Ashley Tax Bill
$1,209
Median Gratiot County Tax Bill
$1,566
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Ashley, Gratiot County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48806 | $447 | $768 | $1,209 | $1,804 | $2,367 |
Source: Ownwell