Marquette, Marquette County, Michigan Property Taxes
Median Marquette, MI effective property tax rate: 0.57%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Marquette, MI home value: $215,000
Median annual Marquette, MI tax bill: $1,642, $758 lower than the national median property tax bill of $2,400.
How are property taxes in Marquette County calculated?
Property taxes in Marquette, 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 Marquette’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Marquette, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Marquette, Marquette County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.57%
Estimate Property Tax Bill
$1,225
$1,137
Ownwell’s Marquette Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Marquette with just two data points.
By entering your property's estimated assessed value, our calculator applies Marquette’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 County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Marquette, 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.
In Marquette, the effective property tax rate is 0.57%, which is significantly lower than the national median property tax rate of 1.02%. This means that homeowners in Marquette benefit from lower property tax bills compared to other areas. The median property tax bill in Marquette is also below the national median of $2400, providing further savings for residents.
Comparatively, Marquette's property tax rate stands out as one of the lowest in Michigan. This is advantageous for property owners who seek to maximize their investment returns and minimize their annual expenses. For those considering purchasing property in Michigan, Marquette offers a financially attractive option.
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 Marquette Tax Rate
0.57%
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 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 Marquette, Marquette County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49855 | 0.27% | 0.38% | 0.57% | 1.47% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Marquette, Marquette County, Michigan
When examining property taxes in Marquette, 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 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 Marquette.
For example, the median home price in Marquette is $215,000, with tax bills ranging significantly across the county. The 49855 zip code has the highest median home price at $215,000.
Property Tax Assessment Values Across Marquette, Marquette County, Michigan
Source: Ownwell
$61,500
$138,250
$215,000
Median Marquette Market Value
$215,000
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 Marquette, Marquette County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49855 | $74,140 | $153,000 | $215,000 | $294,200 | $434,720 |
Source: Ownwell
Property Tax Bills Across Marquette, Marquette County, Michigan
Median Marquette Tax Bill
$1,642
Median Marquette County Tax Bill
$725
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Marquette, Marquette County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49855 | $264 | $718 | $1,642 | $3,231 | $4,948 |
Source: Ownwell