Munising, Alger County, Michigan Property Taxes
Median Munising, MI effective property tax rate: 0.82%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Munising, MI home value: $97,300
Median annual Munising, MI tax bill: $1,021, $1,379 lower than the national median property tax bill of $2,400.
How are property taxes in Alger County calculated?
Property taxes in Munising, 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 Munising’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Munising, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Munising, Alger County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.82%
Estimate Property Tax Bill
$798
$740
Property Tax Rates Across Munising, Alger County, Michigan
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 Munising Tax Rate
0.82%
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 Alger County Tax Rate
0.75%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Munising, Alger County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49862 | 0.42% | 0.59% | 0.82% | 1.53% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Munising, Alger County, Michigan
When examining property taxes in Munising, 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 Alger County Equalization Department 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.
Assessment notices: In Alger 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 Munising.
For example, the median home price in Munising is $97,300, with tax bills ranging significantly across the county. 49862 has the highest median home price at $97,300.
Property Tax Assessment Values Across Munising, Alger County, Michigan
Source: Ownwell
$58,400
$101,550
$144,700
Median Munising Market Value
$97,300
Median Alger County Market Value
$94,600
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Munising, Alger County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49862 | $32,400 | $58,600 | $97,300 | $148,850 | $216,260 |
Source: Ownwell
Property Tax Bills Across Munising, Alger County, Michigan
In Munising, located in Alger County, MI, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Munising is $97,300, and homeowners face a median property tax bill of $1,021, which is significantly lower than the national median of $2,400. This suggests that Munising offers a more affordable tax environment for property owners. However, tax bills can vary widely, with the 25th percentile at $493 and the 75th percentile reaching $1,575, indicating that some homeowners may face higher tax burdens.
Several factors influence property tax bills, including changes in property value, local government budget needs, and fluctuating tax rates. These variables can significantly impact a homeowner's financial obligations. Ownwell can assist homeowners in Munising by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying potential inaccuracies, Ownwell helps clients reduce their tax bills, ensuring they pay only their fair share. This service can lead to substantial savings, making homeownership more affordable in the long run.
Median Munising Tax Bill
$1,021
Median Alger County Tax Bill
$783
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Munising, Alger County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49862 | $184 | $493 | $1,021 | $1,575 | $2,340 |
Source: Ownwell