Perrinton, Gratiot County, Michigan Property Taxes
Median PERRINTON, MI effective property tax rate: 0.96%, significantly lower than the national median of 1.02%, and higher than the MI state median of 1.05%.
Median PERRINTON, MI home value: $204,100
Median annual PERRINTON, MI tax bill: $1,987, $413 lower than the national median property tax bill of $2,400.
How are property taxes in Gratiot calculated?
Property taxes in PERRINTON, 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 PERRINTON's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in PERRINTON, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Perrinton, Gratiot County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.96%
Estimate Property Tax Bill
$1,959
$1,818
Property Tax Rates Across Perrinton, Gratiot County, Michigan
Local government entities are responsible for setting tax rates, which can differ significantly within a state. This variance is due to each county's annual process of estimating the budget necessary to provide services. They then divide this budget by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and laws play a role in determining tax rates and budgets, this is essentially how the process works each year.
In Perrinton, located in Gratiot County, the effective property tax rate can be compared to other cities across Michigan, as well as the state and national median property tax rates. Michigan's median property tax rate is slightly below the national median, offering some relief to property owners when compared to other states. Perrinton's property tax rate is consistent with the county's trend, which is lower than the state median. This advantageous tax position could appeal to prospective homeowners and investors looking to benefit from lower property tax obligations while still enjoying the services funded by these taxes.
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 Perrinton Tax Rate
0.96%
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 Perrinton, Gratiot County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48871 | 0.63% | 0.79% | 0.96% | 1.09% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Perrinton, Gratiot County, Michigan
When examining property taxes in Perrinton, 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 Perrinton. For example, the median home price in Perrinton is $204,100, with tax bills ranging significantly across the county. Zip code 48871 has the highest median home price at $204,100.
Property Tax Assessment Values Across Perrinton, Gratiot County, Michigan
Source: Ownwell
$64,500
$134,300
$204,100
Median Perrinton Market Value
$204,100
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 Perrinton, Gratiot County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48871 | $64,800 | $123,350 | $204,100 | $313,950 | $423,100 |
Source: Ownwell
Property Tax Bills Across Perrinton, Gratiot County, Michigan
Median Perrinton Tax Bill
$1,987
Median Gratiot County Tax Bill
$1,566
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Perrinton, Gratiot County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48871 | $598 | $1,135 | $1,987 | $2,904 | $4,206 |
Source: Ownwell