Marenisco, Gogebic County, Michigan Property Taxes

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

Median MARENISCO, MI effective property tax rate: 0.69%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median MARENISCO, MI home value: $110,071
Median annual MARENISCO, MI tax bill: $1,425, $975 lower than the national median property tax bill of $2,400.

How are property taxes in Gogebic calculated?

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

Last Updated March 1, 2025

Marenisco, Gogebic County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.22%

Estimate Property Tax Bill

$1,537

$1,427

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

Property Tax Rates Across Marenisco, Gogebic County, Michigan

Local government entities determine tax rates, which can vary significantly within a state. Annually, each county assesses its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the basic annual process.

In MARENISCO, located in Gogebic County, Michigan, the effective property tax rate is a reflection of this process. The median property tax rate in Michigan is 0.69%, which is notably lower than the national median of 1.02%. This makes Michigan an appealing state for property owners seeking lower tax rates. Additionally, the property tax rate in MARENISCO aligns with the state median, offering consistency for property owners in the area. By comparing MARENISCO's effective property tax rate to other cities in Michigan and the U.S., property owners can gain valuable insights into how their taxes are assessed and how they compare on a broader scale.

Property Tax Rates Across Marenisco, Gogebic County, Michigan

Source: Ownwell

1.09%

1.31%

1.54%

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 Marenisco Tax Rate

1.22%

Median Effective Gogebic County Tax Rate

1.36%

Median Effective Michigan Tax Rate

1.05%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Marenisco, Gogebic County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49947	0.67%	0.91%	1.22%	1.79%	2.03%

Source: Ownwell

Property Tax Assessment Values Across Marenisco, Gogebic County, Michigan

When examining property taxes in MARENISCO, 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 Gogebic 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 Gogebic County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 MARENISCO. For example, the median home price in MARENISCO is $110,071, with tax bills ranging significantly across the county. The zip code 49947 has the highest median home price at $110,071.

Property Tax Assessment Values Across Marenisco, Gogebic County, Michigan

Source: Ownwell

$60,718

$120,861

$181,003

Median Marenisco Market Value

$126,012

Median Gogebic County Market Value

$76,878

Median Michigan Market Value

$213,740

Median United States Market Value

$235,294

Property Tax Assessment Values Across Marenisco, Gogebic County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49947	$36,210	$62,364	$126,012	$275,562	$423,914

Source: Ownwell

Property Tax Bills Across Marenisco, Gogebic County, Michigan

In MARENISCO, located in Gogebic County, MI, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price is $110,071, and the tax bill varies significantly across different percentiles. For instance, the 25th percentile tax bill is $731, while the 75th percentile reaches $2,945, and the 90th percentile hits $3,501. These figures highlight the variability in tax burdens homeowners face, depending on their property's assessed value and the applicable tax rate. Compared to the national median property tax bill of $2,400, MARENISCO's tax bills can be both higher and lower, which affects homeowners differently based on their specific circumstances. Ownwell helps homeowners in MARENISCO save on their property tax bills by providing expert property tax appeal and exemption services. By reviewing and analyzing property assessments, Ownwell identifies opportunities for reductions, ensuring homeowners pay only their fair share. With Ownwell's assistance, homeowners can navigate the complexities of property taxation and potentially reduce their financial burden.

Property Tax Bills Across Marenisco, Gogebic County, Michigan

Source: Ownwell

$663

$1,223

$1,782

Median Marenisco Tax Bill

$1,557

Median Gogebic County Tax Bill

$1,006

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Marenisco, Gogebic County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49947	$373	$718	$1,557	$3,442	$5,735

Source: Ownwell