Big Bay, Marquette County, Michigan Property Taxes

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

Median Big Bay, MI effective property tax rate: 0.36%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Big Bay, MI home value: $201,800
Median annual Big Bay, MI tax bill: $735, $1,665 lower than the national median property tax bill of $2,400.

How are property taxes in Marquette calculated?

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

Last Updated March 1, 2025

Big Bay, Marquette County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.36%

Estimate Property Tax Bill

$726

$674

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

Property Tax Rates Across Big Bay, Marquette County, Michigan

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide 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, in a nutshell, this is the annual process. Below, you can compare Big Bay’s effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S. Michigan's property tax landscape presents a unique scenario, with a median tax rate of 0.36%, significantly lower than the national median of 1.02%. This means that property owners in Big Bay benefit from a lower tax burden compared to many other parts of the country. Understanding these rates is crucial for property owners who wish to manage their expenses effectively. By appealing property taxes or seeking exemptions, homeowners can further reduce their financial obligations, making it a wise choice to explore these options.

Property Tax Rates Across Big Bay, Marquette County, Michigan

Source: Ownwell

0.34%

0.55%

0.76%

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 Big Bay Tax Rate

0.36%

Median Effective Marquette County Tax Rate

0.46%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Big Bay, Marquette County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49808	0.21%	0.27%	0.36%	0.45%	0.49%

Source: Ownwell

Property Tax Assessment Values Across Big Bay, Marquette County, Michigan

When examining property taxes in Big Bay, 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 Marquette 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 Marquette 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 Big Bay. For example, the median home price in Big Bay is $201,800, with tax bills ranging significantly across the county. Zip code 49808 has the highest median home price at $201,800.

Property Tax Assessment Values Across Big Bay, Marquette County, Michigan

Source: Ownwell

$61,500

$138,250

$215,000

Median Big Bay Market Value

$201,800

Median Marquette County Market Value

$155,200

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Big Bay, Marquette County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49808	$64,580	$105,350	$201,800	$314,300	$505,020

Source: Ownwell

Property Tax Bills Across Big Bay, Marquette County, Michigan

In Big Bay, located in Marquette County, MI, property tax bills are determined by assessing the property's value and applying the local tax rate. The median home price in this area is $201,800. Property taxes are calculated based on the assessed value of the property, which may differ from the market value. Homeowners in Big Bay typically face tax bills ranging from $326 at the 25th percentile to $2,006 at the 90th percentile, with the median tax bill being $735. This is substantially lower than the national median property tax bill of $2,400, offering a more affordable option for residents. However, even with lower tax bills, homeowners may still find opportunities to save. Ownwell assists homeowners by reviewing their property assessments, identifying potential discrepancies, and filing appeals or exemptions on their behalf. This service can lead to significant savings, ensuring homeowners are not overpaying on their property taxes. By leveraging Ownwell's expertise, residents can potentially reduce their financial burden while maintaining compliance with local tax regulations.

Property Tax Bills Across Big Bay, Marquette County, Michigan

Source: Ownwell

$202

$922

$1,642

Median Big Bay Tax Bill

$735

Median Marquette County Tax Bill

$725

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Big Bay, Marquette County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49808	$176	$326	$735	$1,210	$2,006

Source: Ownwell