Iosco County, Michigan Property Taxes
Census Bureau ACS property tax data for Michigan. Population: 9,491.
The median annual property tax in Iosco County is $1,304, which is 38% lower than the Michigan state average and 32% below the national average. The effective tax rate is 1.06% on a median home value of $122,900. Property taxes represent 2.7% of the median household income in this county.
Median Annual Tax
$1,304
-38% vs State
-32% vs US
Median Home Value
$122,900
-33% vs State
-42% vs US
Effective Tax Rate
1.06%
-9% vs State
+12% vs US
With vs Without Mortgage
With Mortgage
$1,407
$117/mo
Without Mortgage
$1,217
$101/mo
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
Property Tax History
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2023 | $1,304 +4.7% | 1.06% |
| 2022 | $1,246 +6.4% | 1.05% |
| 2021 | $1,171 +4.5% | 1.17% |
| 2020 | $1,121 +3.9% | 1.14% |
| 2019 | $1,079 | 1.17% |
Tax Burden
Tax-to-Income Ratio
2.7%
of median household income
Median Income
$47,777
per year
Monthly Tax
$109
per month
Other Counties in Michigan
Clinton County
Tax: $3,048/yr Rate: 1.25%
Bay County
Tax: $2,205/yr Rate: 1.63%
Midland County
Tax: $2,771/yr Rate: 1.50%
Houghton County
Tax: $1,780/yr Rate: 1.27%
Alger County
Tax: $1,652/yr Rate: 1.00%
Barry County
Tax: $2,706/yr Rate: 1.11%
Frequently Asked Questions
What is the average property tax in Iosco County, Michigan? ▼
The median annual property tax in Iosco County is $1,304 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 1.06% on a median home value of $122,900.
How does Iosco County property tax compare to the national average? ▼
Property taxes in Iosco County are 32% below the national average of $1,923. The effective rate of 1.06% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Iosco County? ▼
In Iosco County, homeowners with a mortgage pay a median of $1,407 in annual property taxes, while homeowners without a mortgage pay $1,217. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Iosco County? ▼
Property taxes in Iosco County represent approximately 2.7% of the median household income of $47,777. The national benchmark is generally 2-4% of household income.
Explore More Data
Data source: U.S. Census Bureau, American Community Survey 5-Year Estimates. Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.