Michigamme, Baraga County, Michigan Property Taxes

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

Median Michigamme, MI effective property tax rate: 1.02%, matching the national median of 1.02%, and lower than the Michigan state median of 1.05%.
Median Michigamme, MI home value: $182,189
Median annual Michigamme, MI tax bill: $1,770, $630 lower than the national median property tax bill of $2,400.

How are property taxes in Baraga County calculated?

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

Last Updated March 1, 2025

Michigamme, Baraga County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.02%

Estimate Property Tax Bill

$1,858

$1,724

Ownwell’s Michigamme Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Michigamme with just two data points. By entering your property's estimated assessed value, our calculator applies Michigamme’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 Baraga County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Michigamme, Baraga County, Michigan

Local government entities are responsible for setting tax rates, which can vary significantly within Michigan. Each year, counties estimate the budget needed to provide public services and divide this by the total value of all taxable property within their jurisdiction, determining the property tax rate. Although votes and laws impact these rates and budgets, this is essentially the annual process. In Michigamme, located in Baraga County, the effective property tax rate is a reflection of this process. Compared to other cities in Michigan, Michigamme's rate is consistent with the state's median property tax rate. However, it is important to note that Baraga County's rate is lower than many other counties within the state. This makes Michigamme an appealing choice for property owners looking for more favorable tax conditions. When compared to the national median property tax rate and bill, Michigamme offers a competitive advantage, providing an attractive option for those considering property investments in a region with lower tax burdens.

Property Tax Rates Across Michigamme, Baraga County, Michigan

Source: Ownwell

0.93%

1.10%

1.28%

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 Michigamme Tax Rate

1.02%

Median Effective Baraga County Tax Rate

1.09%

Median Effective Michigan Tax Rate

1.05%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Michigamme, Baraga County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49861	0.58%	0.78%	1.02%	1.54%	1.83%

Source: Ownwell

Property Tax Assessment Values Across Michigamme, Baraga County, Michigan

When examining property taxes in Michigamme, 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 Baraga 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 Baraga 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 Michigamme. For example, the median home price in Michigamme is $182,189, with tax bills ranging significantly across the county. ZIP code 49861 has the highest median home price at $182,189.

Property Tax Assessment Values Across Michigamme, Baraga County, Michigan

Source: Ownwell

$58,524

$120,357

$182,189

Median Michigamme Market Value

$182,189

Median Baraga County Market Value

$96,000

Median Michigan Market Value

$213,740

Median United States Market Value

$235,294

Property Tax Assessment Values Across Michigamme, Baraga County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49861	$47,035	$102,098	$182,189	$269,059	$342,600

Source: Ownwell

Property Tax Bills Across Michigamme, Baraga County, Michigan

In Michigamme, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the annual property tax bill. Factors such as property size, location, and improvements can influence the assessed value. With a median home price of $182,189, homeowners in Michigamme face tax bills that can vary significantly. The 25th percentile tax bill is $1,009, while the 75th percentile is $2,930, and the 90th percentile reaches $4,200. Compared to the national median property tax bill of $2,400, Michigamme's median tax bill of $1,770 is relatively lower. However, high property taxes can still be a burden for homeowners. This is where Ownwell steps in, offering expert property tax appeal and exemption services. By reviewing your property assessment and ensuring you're not overpaying, Ownwell helps homeowners potentially save hundreds or even thousands on their property tax bills.

Property Tax Bills Across Michigamme, Baraga County, Michigan

Source: Ownwell

$772

$1,271

$1,770

Median Michigamme Tax Bill

$1,770

Median Baraga County Tax Bill

$1,144

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Michigamme, Baraga County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49861	$451	$1,009	$1,770	$2,930	$4,200

Source: Ownwell