Carney, Menominee County, Michigan Property Taxes
Median Carney, MI effective property tax rate: 0.30%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Carney, MI home value: $93,000
Median annual Carney, MI tax bill: $265, $2,135 lower than the national median property tax bill of $2,400.
How are property taxes in Menominee calculated?
Property taxes in Carney, 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 Carney’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Carney, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Carney, Menominee County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.97%
Estimate Property Tax Bill
$1,067
$990
Property Tax Rates Across Carney, Menominee County, Michigan
Local government entities set tax rates, which can vary greatly within a state. This is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
Carney in Menominee County, Michigan, has an effective property tax rate that stands out when compared to other cities in Michigan. The median property tax rate in Michigan is significantly lower than the national median of 1.02%, offering a more favorable tax environment for property owners. This makes Michigan an attractive option for those looking to save on property taxes, especially when compared to the national median property tax bill of $2,400. Property owners in Carney can benefit from these lower rates, which can lead to substantial savings over time. By understanding how these rates are determined, property owners can make more informed decisions about their investments and potential appeals.
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 Carney 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 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 Carney, Menominee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49812 | 0.62% | 0.80% | 0.97% | 1.23% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Carney, Menominee County, Michigan
When examining property taxes in Carney, 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.
Assessment notices:
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 Carney. For example, the median home price in Carney is $93,000, with tax bills ranging significantly across the county. 49812 has the highest median home price at $93,000.
Property Tax Assessment Values Across Carney, Menominee County, Michigan
Source: Ownwell
$60,200
$118,900
$177,600
Median Carney Market Value
$110,000
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 Carney, Menominee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49812 | $38,960 | $70,250 | $110,000 | $169,000 | $234,900 |
Source: Ownwell
Property Tax Bills Across Carney, Menominee County, Michigan
In Carney, located in Menominee County, MI, property tax bills are calculated based on the assessed value of the property. The median home price in this area is $93,000, which significantly influences the tax bill. The tax bill varies greatly, with the 25th percentile at $156 and the 75th percentile reaching $427. This variation highlights how different factors, such as property size and location, impact the assessed value and, consequently, the tax bill. The 90th percentile tax bill is $586, indicating that some homeowners pay considerably more than the national median property tax bill of $2,400. This disparity can pose a financial burden on homeowners in Carney.
Ownwell offers valuable services to help homeowners manage and potentially reduce their property tax bills. By providing expert property tax appeal and exemption services, Ownwell ensures that homeowners only pay their fair share. This can result in significant savings, especially for those at the higher end of the tax bill spectrum, helping to alleviate the financial strain of property taxes.
Median Carney Tax Bill
$1,068
Median Menominee County Tax Bill
$1,361
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Carney, Menominee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49812 | $381 | $644 | $1,068 | $1,692 | $2,447 |
Source: Ownwell