Property Tax in Iron County
via TaxByCounty
Iron County taxes above national average
Iron County's effective tax rate of 1.44% significantly exceeds the national median of 1.10%, placing it in the top 35% of U.S. counties. Though the median property tax of $1,459 runs 46% below the national median of $2,690, the rate itself remains elevated nationally.
Iron ranks high among Michigan counties
Iron County's effective rate of 1.44% ranks among Michigan's highest, surpassing the state average of 1.17% by a significant margin. The median tax of $1,459 is 31% above Michigan's average of $2,102, despite lower home values.
Iron's rate stands elevated in Upper Peninsula
Iron County's 1.44% rate exceeds nearby Iosco County (1.06%) and Kalkaska County (0.89%) by substantial margins. Among remote Upper Peninsula counties, Iron maintains one of the more aggressive property tax positions.
A $101,500 home costs $1,459 annually
With a median home value of $101,500 and Iron's 1.44% effective rate, the typical homeowner pays $1,459 in annual property taxes. Homeowners with mortgages pay $1,780, an additional $321 due to mortgage-related assessments.
Iron residents should check their assessments
In counties with elevated effective rates like Iron, overassessment is particularly costly for homeowners. Filing a formal appeal to challenge your property's assessed value could significantly reduce your annual tax bill.