Marion, Osceola County, Michigan Property Taxes

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

Median Marion, MI effective property tax rate: 1.18%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Marion, MI home value: $100,400
Median annual Marion, MI tax bill: $1,217, $1,183 lower than the national median property tax bill of $2,400.

How are property taxes in Osceola calculated?

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

Last Updated March 1, 2025

Marion, Osceola County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.18%

Estimate Property Tax Bill

$1,185

$1,099

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

Property Tax Rates Across Marion, Osceola 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 services and divides that by the total value of all taxable property within its jurisdiction, resulting 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 Marion, located in Osceola County, Michigan, the effective property tax rate reflects the county's budgetary needs and property values. Comparing Marion’s rate to other cities within Michigan, it's evident that tax rates can differ significantly based on local government requirements and property assessments. The median property tax rate in Michigan is slightly above the national median of 1.02%, indicating a more substantial tax burden compared to the national average. This can impact homeowners differently depending on the assessed value of their properties. Understanding these rates is crucial for property owners looking to manage their expenses effectively. By staying informed, residents can better navigate the complexities of property taxation and potentially seek appeals or exemptions where applicable.

Property Tax Rates Across Marion, Osceola County, Michigan

Source: Ownwell

1.12%

1.27%

1.41%

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 Marion Tax Rate

1.18%

Median Effective Osceola County Tax Rate

1.27%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Marion, Osceola County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49665	0.79%	0.94%	1.18%	1.62%	2.05%

Source: Ownwell

Property Tax Assessment Values Across Marion, Osceola County, Michigan

When examining property taxes in Marion, 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 Osceola 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 Osceola 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 Marion. For example, the median home price in Marion is $100,400, with tax bills ranging significantly across the county. 49665 has the highest median home price at $100,400.

Property Tax Assessment Values Across Marion, Osceola County, Michigan

Source: Ownwell

$98,800

$112,550

$126,300

Median Marion Market Value

$100,400

Median Osceola County Market Value

$109,600

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Marion, Osceola County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49665	$33,200	$60,350	$100,400	$151,850	$223,000

Source: Ownwell

Property Tax Bills Across Marion, Osceola County, Michigan

In Marion, located in Osceola County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to arrive at the annual property tax bill. With a median home price of $100,400, homeowners in Marion can expect their property tax bills to vary significantly. The 25th percentile tax bill stands at $725, while the 75th percentile reaches $1,858, and the 90th percentile can go up to $2,653. These figures illustrate the range of property tax burdens that homeowners may face, influenced by factors such as property size, location, and improvements. Compared to the national median property tax bill of $2,400, Marion's tax bills are relatively moderate. Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By leveraging their expertise, homeowners can potentially lower their property tax bills, ensuring they pay only what is fair and accurate.

Property Tax Bills Across Marion, Osceola County, Michigan

Source: Ownwell

$1,094

$1,333

$1,571

Median Marion Tax Bill

$1,217

Median Osceola County Tax Bill

$1,382

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Marion, Osceola County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49665	$413	$725	$1,217	$1,858	$2,653

Source: Ownwell