South Branch, Oscoda County, Michigan Property Taxes
Median South Branch, MI effective property tax rate: 0.50%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median South Branch, MI home value: $75,600
Median annual South Branch, MI tax bill: $461, $1,939 lower than the national median property tax bill of $2,400.
How are property taxes in Oscoda County calculated?
Property taxes in South Branch, 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 South Branch’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in South Branch, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
South Branch, Oscoda County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.35%
Estimate Property Tax Bill
$1,239
$1,150
Property Tax Rates Across South Branch, Oscoda County, Michigan
Local government entities are responsible for setting property tax rates, which can differ significantly even within a single state. This is because each county annually determines its budgetary needs for public services and divides this by the total assessed value of all taxable properties in the area. This method results in the property tax rate for that year. Although the process involves votes and legislative measures, this is the basic annual procedure.
In South Branch, located in Oscoda County, Michigan, the effective property tax rate stands at 0.50%. This rate is consistent throughout the area, highlighting a uniform approach to property taxation within this locality. Compared to the national median property tax rate of 1.02%, South Branch's rate is notably lower, offering a financial advantage to property owners in the region. This lower rate can result in significant savings on property tax bills, especially when contrasted with the national median property tax bill of $2,400. For residents and potential property buyers in South Branch, this presents an attractive benefit, making the area more appealing for investment and homeownership.
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 South Branch Tax Rate
1.35%
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 South Branch, Oscoda County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48761 | 0.88% | 1.02% | 1.35% | 1.47% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across South Branch, Oscoda County, Michigan
When examining property taxes in South Branch, 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 South Branch.
For example, the median home price in South Branch is $75,600, with tax bills ranging significantly across the county. Zip code 48761 has the highest median home price at $75,600.
Property Tax Assessment Values Across South Branch, Oscoda County, Michigan
Source: Ownwell
$75,400
$96,600
$117,800
Median South Branch Market Value
$91,800
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 South Branch, Oscoda County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48761 | $33,620 | $60,150 | $91,800 | $138,650 | $256,140 |
Source: Ownwell
Property Tax Bills Across South Branch, Oscoda County, Michigan
Median South Branch Tax Bill
$1,203
Median Oscoda County Tax Bill
$981
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across South Branch, Oscoda County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48761 | $521 | $758 | $1,203 | $1,481 | $2,569 |
Source: Ownwell