Powers, Menominee County, Michigan Property Taxes

Name: Property Tax Bills Across Powers, Menominee County, Michigan
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Powers, MI effective property tax rate: 0.31%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Powers, MI home value: $91,400
Median annual Powers, MI tax bill: $262, $2,138 lower than the national median property tax bill of $2,400.

How are property taxes in Menominee calculated?

Property taxes in Powers, 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 Powers’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Powers, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Powers, Menominee County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.2%

Estimate Property Tax Bill

$1,142

$1,060

Ownwell’s Powers Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Powers with just two data points. By entering your property's estimated assessed value, our calculator applies Powers’ 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 Powers, Menominee County, Michigan

Local government entities are responsible for setting property tax rates, leading to significant variation within a state. Each county, including Menominee County in Michigan, estimates its annual budget for essential services and divides this by the total value of all taxable properties within its jurisdiction to determine the property tax rate. This process, though influenced by local votes and laws, forms the basis of annual property tax calculations. In Powers, a city within Menominee County, the effective property tax rate is notably lower than both the state and national medians. Michigan's median property tax rate stands at 1.54%, which is above the national median of 1.02%. However, Powers benefits from a more favorable rate, making it an attractive location for property owners seeking lower tax burdens. This difference highlights the importance of understanding local tax structures and their impact on property ownership costs. Comparing Powers to other cities in Michigan reveals the diverse landscape of property taxation within the state, emphasizing the need for property owners to stay informed and consider professional consultation for potential savings.

Property Tax Rates Across Powers, Menominee County, Michigan

Source: Ownwell

0.79%

1.21%

1.62%

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 Powers Tax Rate

1.20%

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 Powers, Menominee County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49874	0.66%	0.94%	1.20%	1.26%	2.05%

Source: Ownwell

Property Tax Assessment Values Across Powers, Menominee County, Michigan

When examining property taxes in Powers, 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 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 Powers. For example, the median home price in Powers is $91,400, with tax bills ranging significantly across the county. Zip code 49874 has the highest median home price at $91,400.

Property Tax Assessment Values Across Powers, Menominee County, Michigan

Source: Ownwell

$60,200

$118,900

$177,600

Median Powers Market Value

$95,200

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 Powers, Menominee County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49874	$26,100	$59,950	$95,200	$145,250	$203,600

Source: Ownwell

Property Tax Bills Across Powers, Menominee County, Michigan

In Powers, located in Menominee County, Michigan, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is typically a percentage of the market value. Homeowners in Powers experience a median property tax bill of $262, significantly lower than the national median of $2,400. This lower tax bill reflects the area's modest median home price of $91,400. However, property tax bills can vary widely, with the 25th percentile at $117 and the 90th percentile reaching $610. Factors influencing these variations include changes in property value and local tax rates. For homeowners looking to reduce their tax burden, Ownwell offers expert property tax appeal services. By analyzing assessment data and identifying discrepancies, Ownwell helps homeowners challenge over-assessments, potentially leading to substantial savings. With Ownwell's guidance, homeowners in Powers can ensure they are not overpaying on their property taxes, keeping more money in their pockets.

Property Tax Bills Across Powers, Menominee County, Michigan

Source: Ownwell

$665

$1,187

$1,709

Median Powers Tax Bill

$1,128

Median Menominee County Tax Bill

$1,361

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Powers, Menominee County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49874	$303	$642	$1,128	$1,812	$2,494

Source: Ownwell