Breckenridge, Gratiot County, Michigan Property Taxes

Name: Property Tax Bills Across Breckenridge, Gratiot County, Michigan
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Breckenridge, MI effective property tax rate: 0.41%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Breckenridge, MI home value: $113,300
Median annual Breckenridge, MI tax bill: $478, $1,922 lower than the national median property tax bill of $2,400.

How are property taxes in Gratiot calculated?

Property taxes in Breckenridge, 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 Breckenridge’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Breckenridge, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Breckenridge, Gratiot County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.88%

Estimate Property Tax Bill

$1,182

$1,097

Ownwell’s Breckenridge Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Breckenridge with just two data points.

By entering your property's estimated assessed value, our calculator applies Breckenridge’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 Breckenridge, Gratiot County, Michigan

Local government entities determine tax rates, which can differ significantly within a state. Each year, counties estimate the budget required to provide services and divide this by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. This process, which involves votes and legislation, is repeated annually.

In Breckenridge, Michigan, located in Gratiot County, the effective property tax rate is 0.41%. This rate is notably lower than the national median property tax rate of 1.02%. This means that homeowners in Breckenridge enjoy a more favorable property tax environment compared to other parts of the country. In fact, Gratiot County's median tax rate is among the lowest in Michigan, providing a significant advantage for property owners in the area.

By understanding how property taxes are assessed and comparing rates across different regions, homeowners can make informed decisions about their investments. Breckenridge's competitive property tax rate is a key factor for potential buyers and current residents looking to maximize their property value while minimizing tax liabilities.

Property Tax Rates Across Breckenridge, Gratiot County, Michigan

Source: Ownwell

0.77%

1.13%

1.49%

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 Breckenridge Tax Rate

0.88%

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 Breckenridge, Gratiot County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48615	0.66%	0.75%	0.88%	1.07%	1.36%

Source: Ownwell

Property Tax Assessment Values Across Breckenridge, Gratiot County, Michigan

When examining property taxes in Breckenridge, 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 March. 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 Breckenridge. For example, the median home price in Breckenridge is $113,300, with tax bills ranging significantly across the county. 48615 has the highest median home price at $113,300.

Property Tax Assessment Values Across Breckenridge, Gratiot County, Michigan

Source: Ownwell

$64,500

$134,300

$204,100

Median Breckenridge Market Value

$134,300

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 Breckenridge, Gratiot County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48615	$78,000	$103,400	$134,300	$182,000	$260,600

Source: Ownwell

Property Tax Bills Across Breckenridge, Gratiot County, Michigan

In Breckenridge, located in Gratiot County, Michigan, property tax bills are determined by the assessed value of a home, which is a percentage of the market value. The local tax rate is then applied to this assessed value to calculate the tax bill. Factors such as property location, size, and improvements can influence the assessed value, impacting the overall tax bill. The median home price in Breckenridge is $113,300, with property tax bills ranging from $328 at the 25th percentile to $892 at the 90th percentile. This is significantly lower than the national median property tax bill of $2,400, offering some relief to homeowners. However, any increase in assessed value can lead to higher tax bills, potentially straining homeowners' finances. Ownwell can assist by providing expert property tax appeal services, ensuring that assessments are fair and accurate. By leveraging their expertise, homeowners can potentially lower their tax bills, easing financial burdens and maximizing savings.

Property Tax Bills Across Breckenridge, Gratiot County, Michigan

Source: Ownwell

$755

$1,371

$1,987

Median Breckenridge Tax Bill

$1,216

Median Gratiot County Tax Bill

$1,566

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Breckenridge, Gratiot County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48615	$673	$890	$1,216	$1,640	$2,316

Source: Ownwell