Mc Bain, Missaukee County, Michigan Property Taxes
Median MC BAIN, MI effective property tax rate: 0.77%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median MC BAIN, MI home value: $141,400
Median annual MC BAIN, MI tax bill: $1,131, $1,269 lower than the national median property tax bill of $2,400.
How are property taxes in Missaukee calculated?
Property taxes in MC BAIN, 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 MC BAIN’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in MC BAIN, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mc Bain, Missaukee County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.85%
Estimate Property Tax Bill
$1,547
$1,436
Property Tax Rates Across Mc Bain, Missaukee County, Michigan
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare MC BAIN’s effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S. MC BAIN in Missaukee County has a property tax rate that aligns with the state's median rate. It's interesting to note that Michigan's median property tax rate is lower than the national median, which provides some relief to property owners in the state. For homeowners in MC BAIN, understanding how their property tax rate compares can offer insights into their tax burden relative to other areas. This comparison can be a helpful tool for those considering property tax appeals or exemptions. Understanding these differences ensures homeowners are well-informed about their property tax obligations and potential savings opportunities.
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 Mc Bain Tax Rate
0.85%
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 Missaukee County Tax Rate
0.91%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mc Bain, Missaukee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49657 | 0.54% | 0.68% | 0.85% | 1.08% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Mc Bain, Missaukee County, Michigan
When examining property taxes in MC BAIN, 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 Missaukee 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 Missaukee 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 MC BAIN. For example, the median home price in MC BAIN is $141,400, with tax bills ranging significantly across the county. 49657 has the highest median home price at $141,400.
Property Tax Assessment Values Across Mc Bain, Missaukee County, Michigan
Source: Ownwell
$115,600
$156,700
$197,800
Median Mc Bain Market Value
$182,000
Median Missaukee County Market Value
$148,000
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mc Bain, Missaukee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49657 | $37,280 | $103,500 | $182,000 | $284,700 | $454,520 |
Source: Ownwell
Property Tax Bills Across Mc Bain, Missaukee County, Michigan
Median Mc Bain Tax Bill
$1,542
Median Missaukee County Tax Bill
$1,322
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Mc Bain, Missaukee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49657 | $358 | $911 | $1,542 | $2,460 | $3,941 |
Source: Ownwell