North Star, Gratiot County, Michigan Property Taxes
Median NORTH STAR, MI effective property tax rate: 0.42%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median NORTH STAR, MI home value: $80,600
Median annual NORTH STAR, MI tax bill: $373, $2,027 lower than the national median property tax bill of $2,400.
How are property taxes in Gratiot calculated?
Property taxes in NORTH STAR, 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 NORTH STAR’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in NORTH STAR, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
North Star, Gratiot County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.03%
Estimate Property Tax Bill
$1,136
$1,054
Property Tax Rates Across North Star, Gratiot County, 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 North Star Tax Rate
1.03%
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 North Star, Gratiot County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48862 | 0.41% | 0.53% | 1.03% | 1.60% | 2.04% |
Source: Ownwell
Property Tax Assessment Values Across North Star, Gratiot County, Michigan
When examining property taxes in North Star, 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.
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 North Star.
For example, the median home price in North Star is $80,600, with tax bills ranging significantly across the county. Zip code 48862 has the highest median home price at $80,600.
Property Tax Assessment Values Across North Star, Gratiot County, Michigan
Source: Ownwell
$64,500
$134,300
$204,100
Median North Star Market Value
$110,300
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 North Star, Gratiot County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48862 | $20,260 | $66,150 | $110,300 | $143,150 | $158,980 |
Source: Ownwell
Property Tax Bills Across North Star, Gratiot County, Michigan
In North Star, located in Gratiot County, MI, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. In North Star, homeowners face a median property tax bill of $373, significantly below the national median of $2,400. While the 25th percentile tax bill is $207, the 75th percentile reaches $735, and the 90th percentile can be as high as $915. These figures illustrate the range of tax burdens homeowners might face, depending on their property's assessed value and applicable exemptions.
Factors influencing the tax bill include property size, location, and any applicable exemptions or deductions. For homeowners looking to reduce their property tax burden, Ownwell offers expert services in property tax appeals and exemptions. By leveraging local expertise and a deep understanding of property tax laws, Ownwell can help homeowners navigate the appeals process, potentially lowering their tax bills and ensuring they only pay their fair share.
Median North Star Tax Bill
$755
Median Gratiot County Tax Bill
$1,566
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across North Star, Gratiot County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48862 | $379 | $499 | $755 | $1,414 | $1,787 |
Source: Ownwell