Missaukee County, Michigan Property Taxes

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

Median Missaukee County effective property tax rate: 0.95%, significantly lower than the national median of 1.02%.
Median Missaukee County home value: $117,600
Median annual Missaukee County tax bill: $1,099, $1,301 lower than the national median property tax bill of $2,400.

How are property taxes in Missaukee County calculated?

Property taxes in Missaukee County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Lake City or another part of Missaukee County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Missaukee County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.95%

Estimate Property Tax Bill

$1,117

$1,037

Ownwell’s Missaukee County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Missaukee County with just two data points.

By entering your property's estimated assessed value, our calculator applies Missaukee County’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 more 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 Missaukee County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Missaukee County, Michigan

Local government entities are responsible for setting tax rates, which can vary significantly within Michigan. This variation occurs because each county, including Missaukee County, annually estimates the budget necessary to provide essential services. They then divide this budget by the total value of all taxable properties within the county to determine the property tax rate. This process, though influenced by votes and laws, is the fundamental approach used each year.

Missaukee County's effective property tax rate is slightly below the national median of 1.02%. Within Michigan, tax rates can vary, with FIFE LAKE having one of the highest rates at 1.23%, while MARION enjoys one of the lowest at 0.70%. By comparing these figures, you can see how Missaukee County's rate fits into the broader context of Michigan's property tax landscape. Understanding these differences can help property owners make informed decisions about property investments and tax appeals.

Property Tax Rates Across Missaukee County, Michigan

Source: Ownwell

0.70%

0.96%

1.23%

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 Missaukee County Tax Rate

0.95%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Missaukee County, Michigan

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Cadillac	0.61%	0.68%	0.78%	1.11%	1.70%
Falmouth	0.56%	0.68%	0.89%	1.25%	1.55%
Fife Lake	0.65%	0.78%	1.23%	1.46%	1.92%
Lake City	0.68%	0.81%	1.06%	1.44%	1.74%
Manton	0.57%	0.76%	0.92%	1.26%	1.61%
Marion	0.31%	0.49%	0.70%	0.89%	1.14%
Mc Bain	0.41%	0.61%	0.77%	0.98%	1.35%
Merritt	0.63%	0.77%	0.98%	1.37%	1.59%
Hemlock	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Missaukee County, Michigan

When examining property taxes in Missaukee County, 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 Missaukee County assessor 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 Missaukee 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 Missaukee County. For example, the median tax bill in Missaukee County is $1,204, with tax bills ranging significantly across the county. Marion has the highest median home price at $153,400.

Property Tax Assessment Values Across Missaukee County, Michigan

Source: Ownwell

$98,300

$125,850

$153,400

Median Missaukee County Market Value

$117,600

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Missaukee County, Michigan

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Cadillac	$32,000	$78,700	$135,800	$209,300	$299,400
Falmouth	$28,600	$57,950	$104,200	$177,800	$292,240
Fife Lake	$41,080	$60,150	$119,900	$205,400	$240,120
Lake City	$33,920	$60,800	$114,600	$201,800	$326,360
Manton	$34,080	$61,000	$100,000	$182,750	$272,940
Marion	$43,560	$91,400	$153,400	$253,800	$372,120
Mc Bain	$31,000	$80,000	$141,400	$233,400	$371,200
Merritt	$27,620	$51,700	$98,300	$167,900	$255,760
Hemlock	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Missaukee County, Michigan

In Missaukee County, MI, property tax bills are determined by assessing the value of a home and applying the local tax rate. With a median home price of $117,600, the tax bill varies significantly across different percentiles. Homeowners in the 25th percentile pay around $610, while those in the 75th percentile face bills closer to $1,885. At the 90th percentile, this figure can rise to approximately $3,378. When compared to the national median property tax rate of 1.02%, Missaukee County offers a relatively affordable option for homeowners. However, the tax burden can still significantly impact household budgets, particularly for those at the higher end of the tax spectrum. Cities within the county, like Cadillac, see the highest median tax bill at $1,204, whereas Falmouth experiences the lowest at $914. These variations are influenced by factors such as property values and local tax rates, which directly affect how much homeowners owe annually. Understanding these dynamics is crucial for homeowners planning their finances.

Property Tax Bills Across Missaukee County, Michigan

Source: Ownwell

$914

$1,059

$1,204

Median Missaukee County Tax Bill

$1,099

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Missaukee County, Michigan

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Cadillac	$442	$788	$1,204	$1,677	$2,415
Falmouth	$262	$527	$914	$1,494	$2,494
Fife Lake	$471	$784	$1,119	$2,108	$3,908
Lake City	$353	$651	$1,181	$2,100	$3,899
Manton	$346	$570	$979	$1,601	$2,590
Marion	$201	$515	$968	$1,775	$2,865
Mc Bain	$280	$614	$1,131	$1,814	$2,828
Merritt	$296	$530	$970	$1,714	$2,730
Hemlock	N/A	N/A	N/A	N/A	N/A

Source: Ownwell