Property Tax Analysis for Iron County, MI
Property tax rates, assessment ratios, and appeal potential in Iron County.
Effective Tax Rate
1.5%
Annual Tax Bill
$1,447
Monthly Escrow
$121
Tax Burden
2.8% of income
Tax Assessment Details
Current Assessment
Market Value$95,800
Est. Assessed Value$81,430
Assessment Ratio~85%
Effective Rate1.5%
Appeal Potential
Potential Annual Savings$217
5-Year Savings$1,085
vs National Averageabove (1.1%)
Appeal Success Rate~40-60%
About Property Taxes in Iron County
Iron County in Michigan has an effective property tax rate of 1.5%, which is above the national average of 1.1%. On a median home value of $95,800, that translates to $1,447 annually or $121 per month in escrow.
Property tax assessments can often be successfully appealed. Our calculator models assessment ratios, comparable sales analysis, and appeal timing to estimate your potential savings with Monte Carlo simulation.
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