Bruce Crossing, Ontonagon County, Michigan Property Taxes
Median Bruce Crossing, MI effective property tax rate: 0.63%, significantly lower than the national median of 1.02%, but also lower than the Michigan state median of 1.07%.
Median Bruce Crossing, MI home value: $77,500
Median annual Bruce Crossing, MI tax bill: $528, $1,872 lower than the national median property tax bill of $2,400.
How are property taxes in Ontonagon calculated?
Property taxes in Bruce Crossing, 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 Bruce Crossing’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bruce Crossing, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bruce Crossing, Ontonagon County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.6%
Estimate Property Tax Bill
$533
$495
Property Tax Rates Across Bruce Crossing, Ontonagon County, Michigan
Local government entities determine property tax rates, which can significantly vary within a state. This variation arises because each county annually calculates its budgetary needs for services and divides this by the total value of all taxable property in its jurisdiction. This process results in the property tax rate. Although setting tax rates and budgets involves votes and legal considerations, this is the essence of the annual procedure.
In Bruce Crossing in Ontonagon County, MI, the effective property tax rate is 0.63%. This rate is notably lower than the national median property tax rate of 1.02%. Compared to other cities in Michigan, Bruce Crossing's property tax rate is relatively modest, reflecting the state's diverse property tax landscape. The median property tax bill in Bruce Crossing is also expected to be lower than the national median of $2400, offering potential savings for property owners. Understanding these variations can help property owners make informed decisions about their investments and financial planning.
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 Bruce Crossing Tax Rate
0.60%
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 Ontonagon County Tax Rate
0.63%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bruce Crossing, Ontonagon County, Michigan
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
49912 | 0.33% | 0.41% | 0.60% | 1.07% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Bruce Crossing, Ontonagon County, Michigan
When examining property taxes in Bruce Crossing, 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 Ontonagon 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 Ontonagon 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 Bruce Crossing. For example, the median home price in Bruce Crossing is $77,500, with tax bills ranging significantly across the county. The zip code 49912 has the highest median home price at $77,500.
Property Tax Assessment Values Across Bruce Crossing, Ontonagon County, Michigan
Source: Ownwell
$46,400
$138,190
$229,980
Median Bruce Crossing Market Value
$88,840
Median Ontonagon County Market Value
$85,280
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bruce Crossing, Ontonagon County, Michigan
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
49912 | $32,302 | $54,605 | $88,840 | $136,635 | $189,228 |
Source: Ownwell
Property Tax Bills Across Bruce Crossing, Ontonagon County, Michigan
Median Bruce Crossing Tax Bill
$550
Median Ontonagon County Tax Bill
$549
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Bruce Crossing, Ontonagon County, Michigan
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
49912 | $176 | $331 | $550 | $883 | $1,327 |
Source: Ownwell