Fostoria, Tuscola County, Michigan Property Taxes

Name: Property Tax Bills Across Fostoria, Tuscola County, Michigan
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Fostoria, MI effective property tax rate: 0.30%, significantly lower than the national median of 1.02%, and also lower than the Michigan state median of 1.07%.
Median Fostoria, MI home value: $145,800
Median annual Fostoria, MI tax bill: $440, $1,960 lower than the national median property tax bill of $2,400.

How are property taxes in Tuscola calculated?

Property taxes in Fostoria, 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 Fostoria’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fostoria, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Fostoria, Tuscola County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.73%

Estimate Property Tax Bill

$1,151

$1,068

Ownwell’s Fostoria Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fostoria with just two data points. By entering your property's estimated assessed value, our calculator applies Fostoria’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Tuscola. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Fostoria, Tuscola County, Michigan

Local government entities determine tax rates, and these can differ significantly within a state. Each county annually estimates the budget needed to provide essential services and divides this by the total assessed value of all taxable properties within its jurisdiction. This calculation establishes the property tax rate. Although votes and legislation play roles in determining tax rates and budgets, this is the essence of the annual process. In Fostoria, located in Tuscola County, Michigan, the effective property tax rate is notably below the national median of 1.02%. This lower rate can be appealing to homeowners looking for more affordable property tax options. When compared to other cities in Michigan and across the United States, Fostoria's rate offers a clear advantage for those seeking to minimize their property tax burden. Understanding these rates can be crucial for homeowners and potential buyers in making informed decisions about property investments.

Property Tax Rates Across Fostoria, Tuscola County, Michigan

Source: Ownwell

0.27%

0.95%

1.63%

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 Fostoria Tax Rate

0.73%

Median Effective Tuscola County Tax Rate

0.92%

Median Effective Michigan Tax Rate

1.05%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Fostoria, Tuscola County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48435	0.54%	0.62%	0.73%	0.95%	1.19%

Source: Ownwell

Property Tax Assessment Values Across Fostoria, Tuscola County, Michigan

When examining property taxes in Fostoria, MI, understanding the distinction between "market value" and "assessed value" is crucial. The market value represents what a willing buyer would pay to a willing seller in an open and competitive market, influenced by location, property condition, and economic trends. The Tuscola 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. This assessed value is used to calculate your property taxes by multiplying it with the tax rate to determine your tax bill.

In Tuscola County, assessment notices are sent in the spring each year, typically reaching your mailbox by the middle of March. Each property owner receives an assessment notice containing both the market value and assessed value, along with an estimate of the property tax bill. By understanding how assessed and market values are determined, property owners can navigate their tax responsibilities effectively. For example, the median home price in Fostoria is $145,800, with tax bills ranging significantly across the county. Zip code 48435 has the highest median home price at $145,800.

Property Tax Assessment Values Across Fostoria, Tuscola County, Michigan

Source: Ownwell

$10,700

$119,350

$228,000

Median Fostoria Market Value

$157,700

Median Tuscola County Market Value

$151,400

Median Michigan Market Value

$213,740

Median United States Market Value

$235,294

Property Tax Assessment Values Across Fostoria, Tuscola County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48435	$65,820	$105,450	$157,700	$203,400	$263,140

Source: Ownwell

Property Tax Bills Across Fostoria, Tuscola County, Michigan

In Fostoria, Michigan, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is a percentage of the market value, and property tax rates are applied to this assessed value to determine the tax bill. In Tuscola County, where Fostoria is located, homeowners experience a range of property tax bills. The 25th percentile tax bill is $305, while the 75th percentile reaches $589, and the 90th percentile climbs to $816. These figures are significantly lower than the national median property tax bill of $2,400, providing some relief to local homeowners. However, homeowners can still benefit from seeking reductions. This is where Ownwell can assist by offering expert property tax appeal services. Ownwell helps ensure that homeowners are not overpaying by analyzing property assessments and identifying opportunities for reductions. By leveraging Ownwell's expertise, homeowners in Fostoria can potentially save on their property tax bills, making homeownership more affordable.

Property Tax Bills Across Fostoria, Tuscola County, Michigan

Source: Ownwell

$129

$1,075

$2,021

Median Fostoria Tax Bill

$1,165

Median Tuscola County Tax Bill

$1,305

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Fostoria, Tuscola County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48435	$533	$799	$1,165	$1,534	$2,180

Source: Ownwell