Property Tax & Income in Gogebic County, Michigan
Gogebic County has an effective property tax rate of 1.43%. On the median home value of $107,200, that's roughly $1,535 per year. Median household income is $52,732.
What you'll pay, at a glance
Property taxes are the largest local tax most homeowners pay. The effective rate measures the real tax bill as a share of home value — a more useful number than the nominal “mill rate,” because assessment practices vary county to county.
| Metric | Gogebic County | Michigan (state context) |
|---|---|---|
| Effective property tax rate1 | 1.43% | 1.09% |
| Median home value1 | $107,200 | — |
| State income tax3 | top rate 4.25% | top rate 4.25% |
| State sales tax3 | 6.00% combined | 6.00% combined |
How this is calculated
The effective property tax rate is the median real-estate tax bill divided by the median home value — both for owner-occupied homes, from the U.S. Census Bureau's American Community Survey (ACS 5-year estimates)1. Median income is also from the ACS1. Federal and state income-tax figures use IRS2 and Tax Foundation3 data.
About Gogebic County, MI
Homes in Gogebic County, Michigan, carry a median value of just $107,200, and the annual property tax bill on such a home comes to about $1,535. That works out to an effective rate of 1.432%, which sits well above Michigan's statewide median of 1.087% and ranks 9th among the state's 83 counties. Buyers weighing Ironwood, Bessemer, or Marenisco against other parts of Michigan should know they'll pay a higher share of home value in taxes here than in most counties. Even so, the low entry price keeps the actual dollar amount contained. With median household income at $52,732, the yearly tax equals roughly 2.9% of what a household earns. Per-capita income stands at $36,519. Anyone drawn to this western Upper Peninsula county by its inexpensive housing should factor the above-average rate into their budget.