Bark River, Menominee County, Michigan Property Taxes
Median Bark River, MI effective property tax rate: 0.26%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Bark River, MI home value: $126,064
Median annual Bark River, MI tax bill: $321, $2,079 lower than the national median property tax bill of $2,400.
How are property taxes in Menominee calculated?
Property taxes in Bark River, 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 Bark River’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bark River, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bark River, Menominee County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.79%
Estimate Property Tax Bill
$1,403
$1,302
Ownwell’s Bark River Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bark River with just two data points.
By entering your property's estimated assessed value, our calculator applies Bark River’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Menominee County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Bark River, Menominee County, Michigan
Local government entities determine tax rates, which can differ significantly across regions. Each year, counties estimate the budget necessary to fund services and divide this by the total value of all taxable property within their borders, resulting in the property tax rate. Although setting these rates involves votes and legislation, this is the core of the annual process.
In BARK RIVER, located in Menominee County, the effective property tax rate stands at 0.26%, which is considerably lower than both Michigan's state median and the national median property tax rate of 1.02%. This lower rate can be attributed to the specific budgetary needs and property values within the county.
When comparing BARK RIVER's tax rate to other cities in Michigan, it becomes evident that property tax rates can fluctuate widely even within the same state. This variability underscores the importance of understanding local tax dynamics. For property owners in BARK RIVER, this presents a unique opportunity to benefit from lower property tax rates compared to many other regions across the nation.
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 Bark River Tax Rate
0.79%
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 Menominee County Tax Rate
1.16%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bark River, Menominee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49807 | 0.48% | 0.60% | 0.79% | 0.99% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Bark River, Menominee County, Michigan
When examining property taxes in Bark River, 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 Menominee 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 Menominee County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Bark River.
For example, the median home price in Bark River is $126,064, with tax bills ranging significantly across the county. Zip code 49807 has the highest median home price at $126,064.
Property Tax Assessment Values Across Bark River, Menominee County, Michigan
Source: Ownwell
$60,200
$118,900
$177,600
Median Bark River Market Value
$177,600
Median Menominee County Market Value
$110,600
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bark River, Menominee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49807 | $61,760 | $104,700 | $177,600 | $237,650 | $304,380 |
Source: Ownwell
Property Tax Bills Across Bark River, Menominee County, Michigan
Median Bark River Tax Bill
$1,312
Median Menominee County Tax Bill
$1,361
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Bark River, Menominee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49807 | $485 | $860 | $1,312 | $1,918 | $2,547 |
Source: Ownwell