Fairview, Oscoda County, Michigan Property Taxes
Median Fairview, MI effective property tax rate: 0.45%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%. Median Fairview, MI home value: $97,200. Median annual Fairview, MI tax bill: $437, $1,963 lower than the national median property tax bill of $2,400.
How are property taxes in Oscoda calculated?
Property taxes in Fairview, 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 Fairview’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fairview, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Fairview, Oscoda County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.97%
Estimate Property Tax Bill
$1,102
$1,023
Property Tax Rates Across Fairview, Oscoda County, Michigan
Local government entities set tax rates, which can vary widely within a state. This is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
Fairview in Oscoda County, Michigan, offers an interesting case study in property tax rates. The effective property tax rate here aligns with the state's median of 0.45%, which is considerably lower than the national median property tax rate of 1.02%. This makes Fairview an attractive destination for property owners seeking lower tax liabilities. Despite the uniformity in the tax rate across Oscoda County, it remains significantly below the national average, resulting in lower property tax bills compared to the national median of $2400. For homeowners and potential buyers, this means more money can be allocated toward other investments or savings. Understanding these variations can help property owners make informed decisions about where to invest or settle down, making Fairview a compelling choice for those mindful of property tax expenses.
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 Fairview Tax Rate
0.97%
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 Oscoda County Tax Rate
1.15%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Fairview, Oscoda County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48621 | 0.65% | 0.77% | 0.97% | 1.46% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Fairview, Oscoda County, Michigan
When examining property taxes in Fairview, 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 Oscoda 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 Oscoda County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Fairview. For example, the median home price in Fairview is $97,200, with tax bills ranging significantly across the county. 48621 has the highest median home price at $97,200.
Property Tax Assessment Values Across Fairview, Oscoda County, Michigan
Source: Ownwell
$75,400
$96,600
$117,800
Median Fairview Market Value
$113,600
Median Oscoda County Market Value
$93,600
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Fairview, Oscoda County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48621 | $26,000 | $68,700 | $113,600 | $188,100 | $254,400 |
Source: Ownwell
Property Tax Bills Across Fairview, Oscoda County, Michigan
Median Fairview Tax Bill
$1,113
Median Oscoda County Tax Bill
$981
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Fairview, Oscoda County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48621 | $405 | $737 | $1,113 | $1,741 | $2,482 |
Source: Ownwell