Luna Pier, Monroe County, Michigan Property Taxes

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

Median Luna Pier, MI effective property tax rate: 1.60%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Luna Pier, MI home value: $112,800
Median annual Luna Pier, MI tax bill: $1,903, $497 lower than the national median property tax bill of $2,400.

How are property taxes in Monroe County calculated?

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

Last Updated March 1, 2025

Luna Pier, Monroe County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.6%

Estimate Property Tax Bill

$1,805

$1,675

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

Property Tax Rates Across Luna Pier, Monroe County, Michigan

Local government entities set tax rates, which can vary widely within a state. This is because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.

In Luna Pier, Monroe County, the effective property tax rate stands at 1.60%, which is notably higher than the national median property tax rate of 1.02%. This implies that property owners in Luna Pier may experience a higher tax burden compared to the average U.S. homeowner. The uniformity in the tax rate across Monroe County is quite unusual, with the same rate applying to both the highest and lowest median tax rate areas within the county. When comparing Luna Pier’s property tax rate to other cities in Michigan, it is evident that property owners here face a relatively higher rate. Understanding these nuances can help homeowners make informed decisions about property investments and tax appeals.

Property Tax Rates Across Luna Pier, Monroe County, Michigan

Source: Ownwell

0.90%

1.25%

1.60%

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 Luna Pier Tax Rate

1.60%

Median Effective Monroe County Tax Rate

1.21%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Luna Pier, Monroe County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48157	1.23%	1.34%	1.60%	1.95%	2.48%

Source: Ownwell

Property Tax Assessment Values Across Luna Pier, Monroe County, Michigan

When examining property taxes in Luna Pier, 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 Monroe 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 Monroe 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 Luna Pier. For example, the median home price in Luna Pier is $112,800, with tax bills ranging significantly across the county. Zip code 48157 has the highest median home price at $112,800.

Property Tax Assessment Values Across Luna Pier, Monroe County, Michigan

Source: Ownwell

$112,800

$175,400

$238,000

Median Luna Pier Market Value

$112,800

Median Monroe County Market Value

$165,800

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Luna Pier, Monroe County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48157	$51,980	$78,100	$112,800	$169,200	$241,460

Source: Ownwell

Property Tax Bills Across Luna Pier, Monroe County, Michigan

In Luna Pier, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This value is typically a percentage of the home's market value. Homeowners in Luna Pier face a median property tax bill of $1,903, aligning with the national median rate of 1.02% but below the national median bill of $2,400. Factors such as location, home improvements, and market conditions influence the assessed value, impacting the final tax bill. For instance, homeowners in the 48157 zip code experience a consistent median tax bill of $1,903, illustrating the uniformity in assessments within the area. Ownwell offers expertise in navigating these assessments, helping homeowners identify potential discrepancies and file appeals to ensure fair taxation. By leveraging Ownwell's services, homeowners can potentially lower their tax bills, alleviating financial burdens and ensuring they only pay their fair share. This proactive approach not only saves money but also brings peace of mind to property owners.

Property Tax Bills Across Luna Pier, Monroe County, Michigan

Source: Ownwell

$1,658

$2,415

$3,172

Median Luna Pier Tax Bill

$1,903

Median Monroe County Tax Bill

$2,179

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Luna Pier, Monroe County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48157	$927	$1,394	$1,903	$2,795	$3,928

Source: Ownwell