Nadeau, Menominee County, Michigan Property Taxes
Median Nadeau, MI effective property tax rate: 0.36%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Nadeau, MI home value: $51,400
Median annual Nadeau, MI tax bill: $158, $2,242 lower than the national median property tax bill of $2,400.
How are property taxes in Menominee calculated?
Property taxes in Nadeau, 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 Nadeau’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Nadeau, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Nadeau, Menominee County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.07%
Estimate Property Tax Bill
$644
$598
Property Tax Rates Across Nadeau, Menominee County, Michigan
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Nadeau, located in Menominee County, the effective property tax rate is notably lower than both the state and national averages. Michigan's median property tax rate is significantly below the national median of 1.02%. This lower rate can be appealing to property owners looking to minimize their tax burden. Additionally, the median property tax bill in the area is considerably less than the national median of $2400, providing further financial relief for residents.
Comparing Nadeau's effective property tax rate to other cities in Michigan and the broader U.S. can offer valuable insights for prospective homeowners and investors. Understanding these differences can help in making informed decisions regarding property investments and relocations.
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 Nadeau Tax Rate
1.07%
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 Nadeau, Menominee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49863 | 0.69% | 0.91% | 1.07% | 1.64% | 1.84% |
Source: Ownwell
Property Tax Assessment Values Across Nadeau, Menominee County, Michigan
When examining property taxes in Nadeau, 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 Menominee County Equalization Department 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 Nadeau.
For example, the median home price in Nadeau is $51,400, with tax bills ranging significantly across the county. 49863 has the highest median home price at $51,400.
Property Tax Assessment Values Across Nadeau, Menominee County, Michigan
Source: Ownwell
$60,200
$118,900
$177,600
Median Nadeau Market Value
$60,200
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 Nadeau, Menominee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49863 | $20,560 | $38,400 | $60,200 | $100,400 | $169,160 |
Source: Ownwell
Property Tax Bills Across Nadeau, Menominee County, Michigan
Median Nadeau Tax Bill
$665
Median Menominee County Tax Bill
$1,361
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Nadeau, Menominee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49863 | $233 | $383 | $665 | $1,178 | $2,029 |
Source: Ownwell