Luna Pier, Monroe County, Michigan Property Taxes
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
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.6%
Estimate Property Tax Bill
$1,805
$1,675
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.
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%
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 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
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