Elm Hall, Gratiot County, Michigan Property Taxes
Median ELM HALL, MI effective property tax rate: 0.49%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median ELM HALL, MI home value: $68,400
Median annual ELM HALL, MI tax bill: $263, $2,137 lower than the national median property tax bill of $2,400.
How are property taxes in Gratiot calculated?
Property taxes in ELM HALL, 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 ELM HALL’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in ELM HALL, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Elm Hall, Gratiot County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.49%
Estimate Property Tax Bill
$961
$892
Property Tax Rates Across Elm Hall, Gratiot County, Michigan
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 Elm Hall’s effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S.
In Elm Hall, located in Gratiot County, the property tax rate stands at 0.49%, which is significantly lower than the national median property tax rate of 1.02%. This lower rate can lead to substantial savings for homeowners compared to other parts of the country. Understanding how these rates are determined and comparing them to other regions can be crucial for property owners considering relocation or appealing their property taxes. With the right insights, you can make informed decisions that could save you money on your property tax bill.
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 Elm Hall Tax Rate
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 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 Elm Hall, Gratiot County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48830 | 0.89% | 1.14% | 1.49% | 1.99% | 2.49% |
Source: Ownwell
Property Tax Assessment Values Across Elm Hall, Gratiot County, Michigan
When examining property taxes in Elm Hall, 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 Elm Hall. For example, the median home price in Elm Hall is $68,400, with tax bills ranging significantly across the county. Zip code 48830 has the highest median home price at $68,400.
Property Tax Assessment Values Across Elm Hall, Gratiot County, Michigan
Source: Ownwell
$64,500
$134,300
$204,100
Median Elm Hall Market Value
$64,500
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 Elm Hall, Gratiot County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48830 | $10,340 | $30,500 | $64,500 | $106,300 | $121,080 |
Source: Ownwell
Property Tax Bills Across Elm Hall, Gratiot County, Michigan
In Elm Hall, MI, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Elm Hall is $68,400, which influences the tax bill amount. Factors such as property location within Gratiot County and any applicable exemptions or deductions also play a role in the final tax bill. For Elm Hall homeowners, the median property tax bill is $263, significantly lower than the national median of $2,400. However, tax bills can range from the 25th percentile at $173 to the 90th percentile at $610, depending on specific property assessments and exemptions.
Ownwell can help homeowners in Elm Hall reduce their property tax bills by appealing inaccurate assessments and ensuring all eligible exemptions are applied. By leveraging expert knowledge and local market insights, Ownwell identifies opportunities for savings, potentially lowering the financial burden on homeowners. This service can be particularly valuable in a region where even small reductions can make a significant difference in annual expenses.
Median Elm Hall Tax Bill
$907
Median Gratiot County Tax Bill
$1,566
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Elm Hall, Gratiot County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48830 | $430 | $488 | $907 | $1,346 | $1,640 |
Source: Ownwell