Menominee, Menominee County, Michigan Property Taxes
Median Menominee, MI effective property tax rate: 0.32%, significantly lower than the national median of 1.02%, and also lower than the Michigan state median of 1.07%.
Median Menominee, MI home value: $95,600
Median annual Menominee, MI tax bill: $299, $2,101 lower than the national median property tax bill of $2,400.
How are property taxes in Menominee calculated?
Property taxes in Menominee, 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 Menominee’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Menominee, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Menominee, Menominee County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.32%
Estimate Property Tax Bill
$306
$284
Property Tax Rates Across Menominee, Menominee County, Michigan
Local government entities determine tax rates, which can differ significantly within a state. This variation arises because each county annually calculates its necessary budget to provide services, then divides that by the total value of all taxable property in its area. This process results in the property tax rate. Although setting tax rates and budgets involves votes and legislation, this is the core of the annual procedure.
In Menominee, Michigan, the effective property tax rate is notably lower than the national median of 1.02%. This is a reflection of the county's budgetary needs and the total assessed property value within its jurisdiction. When comparing Menominee to other cities in Michigan, it's evident that local government decisions significantly impact property tax rates. Understanding these differences is crucial for property owners seeking to manage their tax liabilities effectively. By examining Menominee's tax rate, property owners can gain insight into how their taxes compare to both the state and national medians, potentially identifying opportunities for property tax appeals or exemptions.
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 Menominee Tax Rate
0.32%
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 Menominee County Tax Rate
0.31%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Menominee, Menominee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49858 | 0.20% | 0.25% | 0.32% | 0.38% | 0.44% |
Source: Ownwell
Property Tax Assessment Values Across Menominee, Menominee County, Michigan
When examining property taxes in Menominee, 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 Menominee 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 Menominee 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 Menominee.
For example, the median home price in Menominee is $95,600, with tax bills ranging significantly across the county. Zip code 49858 has the highest median home price at $95,600.
Property Tax Assessment Values Across Menominee, Menominee County, Michigan
Source: Ownwell
$51,400
$88,732
$126,064
Median Menominee Market Value
$95,600
Median Menominee County Market Value
$92,200
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Menominee, Menominee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49858 | $49,100 | $69,600 | $95,600 | $147,400 | $226,400 |
Source: Ownwell
Property Tax Bills Across Menominee, Menominee County, Michigan
Median Menominee Tax Bill
$299
Median Menominee County Tax Bill
$274
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Menominee, Menominee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49858 | $132 | $199 | $299 | $461 | $731 |
Source: Ownwell