Toivola, Houghton County, Michigan Property Taxes
Property Taxes in Toivola, Michigan
Median Toivola, Michigan effective property tax rate: 0.97%, significantly lower than the national median of 1.02%, and lower than the Michigan state median of 1.05%.
Median Toivola, Michigan home value: $123,375
Median annual Toivola, Michigan tax bill: $1,074, lower by $1,326 than the national median property tax bill of $2,400.
How are property taxes in Houghton calculated?
Property taxes in Toivola, Michigan 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 Toivola's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Toivola, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Toivola, Houghton County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.97%
Estimate Property Tax Bill
$1,197
$1,111
How Does the Toivola Property Tax Calculator Work?
Use this Toivola property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Toivola's median effective tax rate of 0.97% — based on actual property records in Houghton County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessor uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Toivola's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Toivola: rates are 1074 in 49965, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Toivola.
About Toivola Property Taxes
About Property Taxes in Toivola, Houghton, Michigan
Toivola’s median effective property tax rate of 0.97% is lower than the Houghton County median of 1.05% and higher than the national median of 1.02%. This rate reflects the Houghton County base levy combined with local school district levies and tax increment finance districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Toivola. Homeowners in the 49965 ZIP code carry a median effective rate of 0.97%, while those in the lowest ZIP also pay 0.97%. This reflects how school district boundaries and local assessment districts are drawn across Houghton County. Understanding which part of Toivola you live in can make a meaningful difference to your annual tax bill.
Toivola homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the March 9, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Toivola, Houghton County, Michigan
As noted earlier, 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 Toivola's effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S.
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 Toivola Tax Rate
0.97%
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 Houghton County Tax Rate
0.91%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Toivola, Houghton County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49965 | 0.25% | 0.50% | 0.97% | 1.48% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across Toivola, Houghton County, Michigan
When examining property taxes in Toivola, 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 Houghton 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 Houghton County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of February.
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 Toivola.
For example, the median home price in Toivola is $123,375, with tax bills ranging significantly across the county. 49965 has the highest median home price at $123,375.
Property Tax Assessment Values Across Toivola, Houghton County, Michigan
Source: Ownwell
$15,600
$100,700
$185,800
Median Toivola Market Value
$123,375
Median Houghton County Market Value
$112,995
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Toivola, Houghton County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49965 | $36,546 | $75,852 | $123,375 | $207,557 | $319,057 |
Source: Ownwell
Property Tax Bills Across Toivola, Houghton County, Michigan
Property tax bills in Toivola are based on the assessed value of a home, not its market price alone. Local tax rates are applied to that assessment to determine what a homeowner owes each year. For a home with a median home price of $123,375, the bill can vary widely depending on the property’s assessment and the tax rate used in Houghton County.
The typical tax burden in the area is relatively moderate, with a 25th percentile bill of $408 and a 75th percentile bill of $1,999. At the high end, the 90th percentile bill reaches $3,785, showing how much larger or more valuable homes can face much steeper taxes. The median tax bill is $1,074 in ZIP code 49965, which is below the national median property tax bill of $2,400 and below the national median property tax rate of 1.02%.
For homeowners, this means annual taxes can have a noticeable impact on housing costs, especially when assessments rise.
Median Toivola Tax Bill
$1,074
Median Houghton County Tax Bill
$989
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Toivola, Houghton County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49965 | $183 | $408 | $1,074 | $1,999 | $3,785 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 9 |
Links | |
|---|---|
| Houghton Tax Assessor | |
| Website | bsaonline.com |