Vulcan, Menominee County, Michigan Property Taxes
Median Vulcan, MI effective property tax rate: 0.33%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Vulcan, MI home value: $79,000
Median annual Vulcan, MI tax bill: $221, $2,179 lower than the national median property tax bill of $2,400.
How are property taxes in Menominee calculated?
Property taxes in Vulcan, 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 Vulcan’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Vulcan, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Vulcan, Menominee County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.02%
Estimate Property Tax Bill
$1,118
$1,037
Property Tax Rates Across Vulcan, Menominee County, Michigan
Local government entities are responsible for setting tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates the budget needed to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This process determines the property tax rate. Although votes and legislation play a role in establishing tax rates and budgets, this is the basic annual procedure.
In Vulcan, located in Menominee County, Michigan, the effective property tax rate is 0.33%. This is significantly lower than the national median property tax rate of 1.02%. Residents of Vulcan benefit from property tax bills that are generally more affordable compared to the national median property tax bill of $2,400. This lower tax burden can make Vulcan an attractive option for homeowners looking for cost-effective living. Comparing Vulcan’s tax rate with other cities in Michigan and the U.S. highlights its advantage in offering a more favorable property tax environment.
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 Vulcan Tax Rate
1.02%
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 Vulcan, Menominee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49892 | 0.69% | 0.77% | 1.02% | 1.36% | 2.01% |
Source: Ownwell
Property Tax Assessment Values Across Vulcan, Menominee County, Michigan
When examining property taxes in Vulcan, 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 May. 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 Vulcan. For example, the median home price in Vulcan is $79,000, with tax bills ranging significantly across the county. Zip code 49892 has the highest median home price at $79,000.
Property Tax Assessment Values Across Vulcan, Menominee County, Michigan
Source: Ownwell
$60,200
$118,900
$177,600
Median Vulcan Market Value
$109,600
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 Vulcan, Menominee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49892 | $48,200 | $79,300 | $109,600 | $163,500 | $240,040 |
Source: Ownwell
Property Tax Bills Across Vulcan, Menominee County, Michigan
Median Vulcan Tax Bill
$1,242
Median Menominee County Tax Bill
$1,361
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Vulcan, Menominee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49892 | $569 | $853 | $1,242 | $1,929 | $2,549 |
Source: Ownwell