Wheeler, Gratiot County, Michigan Property Taxes
Median Wheeler, MI effective property tax rate: 0.46%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Wheeler, MI home value: $112,300
Median annual Wheeler, MI tax bill: $482, $1,918 lower than the national median property tax bill of $2,400.
How are property taxes in Gratiot calculated?
Property taxes in Wheeler, 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 Wheeler’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wheeler, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Wheeler, Gratiot County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.08%
Estimate Property Tax Bill
$1,547
$1,435
Property Tax Rates Across Wheeler, Gratiot County, Michigan
Local government entities set tax rates, and these can vary significantly within a state. This variation stems from the fact that each county annually estimates its budget needs to provide necessary services and then divides this by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the yearly process.
Let's compare Wheeler's effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S. Wheeler in Gratiot County has a median tax rate of 0.46%, which stands in contrast to the national median property tax rate of 1.02%. This places Wheeler below the national average, which can be advantageous for property owners in the area. The property tax burden in Wheeler is notably lighter than many other regions, making it a potentially attractive location for homeowners seeking lower property tax obligations.
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 Wheeler Tax Rate
1.08%
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 Wheeler, Gratiot County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48662 | 0.73% | 0.88% | 1.08% | 1.41% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Wheeler, Gratiot County, Michigan
When examining property taxes in Wheeler, 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 May. 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 Wheeler. For example, the median home price in Wheeler is $112,300, with tax bills ranging significantly across the county. Zip code 48662 has the highest median home price at $112,300.
Property Tax Assessment Values Across Wheeler, Gratiot County, Michigan
Source: Ownwell
$64,500
$134,300
$204,100
Median Wheeler Market Value
$143,200
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 Wheeler, Gratiot County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48662 | $59,920 | $100,400 | $143,200 | $195,200 | $270,000 |
Source: Ownwell
Property Tax Bills Across Wheeler, Gratiot County, Michigan
Median Wheeler Tax Bill
$1,531
Median Gratiot County Tax Bill
$1,566
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Wheeler, Gratiot County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48662 | $803 | $1,121 | $1,531 | $2,122 | $2,824 |
Source: Ownwell