Iron County, Michigan Property Taxes
Census Bureau ACS property tax data for Michigan. Population: 4,566.
The median annual property tax in Iron County is $1,459, which is 31% lower than the Michigan state average and 24% below the national average. The effective tax rate is 1.44% on a median home value of $101,500. Property taxes represent 2.7% of the median household income in this county.
Median Annual Tax
$1,459
-31% vs State
-24% vs US
Median Home Value
$101,500
-44% vs State
-52% vs US
Effective Tax Rate
1.44%
+23% vs State
+52% vs US
With vs Without Mortgage
With Mortgage
$1,780
$148/mo
Without Mortgage
$1,247
$104/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 | $1,459 +1.1% | 1.44% |
| 2022 | $1,443 +8.7% | 1.51% |
| 2021 | $1,328 +2.8% | 1.58% |
| 2020 | $1,292 +3.3% | 1.63% |
| 2019 | $1,251 | 1.61% |
Tax Burden
Tax-to-Income Ratio
2.7%
of median household income
Median Income
$53,614
per year
Monthly Tax
$122
per month
Other Counties in Michigan
Ottawa County
Tax: $3,078/yr Rate: 1.06%
Barry County
Tax: $2,706/yr Rate: 1.11%
Gladwin County
Tax: $1,813/yr Rate: 1.18%
St. Clair County
Tax: $2,493/yr Rate: 1.17%
Macomb County
Tax: $3,293/yr Rate: 1.42%
Marquette County
Tax: $2,019/yr Rate: 1.00%
Frequently Asked Questions
What is the average property tax in Iron County, Michigan? ▼
The median annual property tax in Iron County is $1,459 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 1.44% on a median home value of $101,500.
How does Iron County property tax compare to the national average? ▼
Property taxes in Iron County are 24% below the national average of $1,923. The effective rate of 1.44% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Iron County? ▼
In Iron County, homeowners with a mortgage pay a median of $1,780 in annual property taxes, while homeowners without a mortgage pay $1,247. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Iron County? ▼
Property taxes in Iron County represent approximately 2.7% of the median household income of $53,614. 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.