Hubbardston, Gratiot County, Michigan Property Taxes
Median Hubbardston, MI effective property tax rate: 0.40%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Hubbardston, MI home value: $137,300
Median annual Hubbardston, MI tax bill: $565, $1,835 lower than the national median property tax bill of $2,400.
How are property taxes in Gratiot calculated?
Property taxes in Hubbardston, 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 Hubbardston’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hubbardston, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hubbardston, Gratiot County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.81%
Estimate Property Tax Bill
$1,376
$1,277
Property Tax Rates Across Hubbardston, Gratiot County, Michigan
Local government entities determine tax rates, which can differ significantly within a state. Each year, counties calculate their required budget to provide essential services and then divide that by the total value of all taxable property within their jurisdiction. This process results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the simplified annual procedure.
In Hubbardston, located in Gratiot County, Michigan, the effective property tax rate is notably lower than the national median of 1.02%. This can be an attractive factor for potential homeowners considering the area. Compared to other cities in Michigan, Hubbardston's rate offers a more affordable option for property owners, potentially leading to lower annual tax bills. With the national median property tax bill at $2,400, residents in Hubbardston may enjoy significant savings. This financial advantage can make Hubbardston an appealing choice for those looking to invest in property or relocate within Michigan.
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 Hubbardston Tax Rate
0.81%
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 Hubbardston, Gratiot County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48845 | 0.69% | 0.72% | 0.81% | 1.01% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Hubbardston, Gratiot County, Michigan
When examining property taxes in Hubbardston, 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 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.
Assessment notices: 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 Hubbardston.
For example, the median home price in Hubbardston is $137,300, with tax bills ranging significantly across the county. Zip code 48845 has the highest median home price at $137,300.
Property Tax Assessment Values Across Hubbardston, Gratiot County, Michigan
Source: Ownwell
$64,500
$134,300
$204,100
Median Hubbardston Market Value
$169,900
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 Hubbardston, Gratiot County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48845 | $68,860 | $141,700 | $169,900 | $202,050 | $244,860 |
Source: Ownwell
Property Tax Bills Across Hubbardston, Gratiot County, Michigan
Median Hubbardston Tax Bill
$1,335
Median Gratiot County Tax Bill
$1,566
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Hubbardston, Gratiot County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48845 | $804 | $847 | $1,335 | $1,880 | $2,234 |
Source: Ownwell