Mackinac Island, Mackinac County, Michigan Property Taxes
Property Taxes in Mackinac Island, Michigan
Median Mackinac Island, Michigan effective property tax rate: 1.11%, significantly higher than the national median of 1.02%, and higher than the Michigan state median of 1.05%.
Median Mackinac Island, Michigan home value: $476,500
Median annual Mackinac Island, Michigan tax bill: $5,817, $3,417 higher than the national median property tax bill of $2,400.
How are property taxes in Mackinac County calculated?
Property taxes in Mackinac Island, Michigan are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Mackinac Island's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mackinac Island, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Mackinac Island, Mackinac County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.11%
Estimate Property Tax Bill
$5,289
$4,908
How Does the Mackinac Island Property Tax Calculator Work?
Use this Mackinac Island property tax calculator to estimate your annual property tax bill. Enter your property’s assessed value and the calculator applies Mackinac Island’s median effective tax rate of 1.11% — based on actual property records in Mackinac County — to generate your estimate.
Enter your property’s estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home’s market value. The calculator applies Mackinac Island’s median effective rate across all local levies, giving a more accurate estimate than using a single county millage rate.
Your bill may vary by ZIP code within Mackinac Island: rates are 1.11% in 49757, and the median property tax bill is $5,817.
For context, Mackinac Island’s median effective tax rate is higher than the 1.05% Michigan median, and the median tax bill is $3,417 higher than the state median. For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Mackinac Island.
About Mackinac Island Property Taxes
About Property Taxes in Mackinac Island, Mackinac, Michigan
Mackinac Island's median effective property tax rate of 1.11% is higher than the Michigan state median of 1.05% and higher than the national median of 1.02%. This rate reflects the Mackinac County base levy combined with local school district levies and Tax increment finance districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Mackinac Island. Homeowners in the 49757 ZIP code carry a median effective rate of 1.11%, while those in the lowest ZIP code pay 1.11%. This spread reflects how school district boundaries and local assessment districts are drawn across Mackinac County. Understanding which part of Mackinac Island you live in can make a meaningful difference to your annual tax bill.
Mackinac Island homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the March 9, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Mackinac Island, Mackinac County, Michigan
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Mackinac Island's effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S.
Our median effective property tax rate (tax bill Ă· assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Mackinac Island Tax Rate
1.11%
Our median effective property tax rate (tax bill Ă· assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Mackinac County Tax Rate
0.87%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mackinac Island, Mackinac County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49757 | 0.67% | 0.87% | 1.11% | 1.37% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Mackinac Island, Mackinac County, Michigan
When examining property taxes in Mackinac Island, Michigan, understanding the distinction between "market value" and "assessed value" is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Mackinac County appraisal district estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Mackinac County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Mackinac Island.
For example, the median home price in Mackinac Island is $476,500, with tax bills ranging significantly across the county. 49757 has the highest median home price at $476,500.
Property Tax Assessment Values Across Mackinac Island, Mackinac County, Michigan
Source: Ownwell
$6,000
$241,250
$476,500
Median Mackinac Island Market Value
$476,500
Median Mackinac County Market Value
$137,800
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mackinac Island, Mackinac County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49757 | $42,540 | $266,100 | $476,500 | $747,500 | $1,207,640 |
Source: Ownwell
Property Tax Bills Across Mackinac Island, Mackinac County, Michigan
Property tax bills in Mackinac Island are calculated by applying the local tax rate to a home’s assessed value, which is based on its market value. The assessed value is determined by the local assessor and can be influenced by factors such as location, property size, condition, and any improvements made to the home. For homeowners, this means that a higher assessed value generally leads to a higher tax bill.
With a median home price of $476,500, property taxes can represent a significant annual expense. The median tax bill in the area is $5,817, which is well above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Bills also vary widely across homeowners, with the 25th percentile at $3,424, the 75th percentile at $8,447, and the 90th percentile reaching $13,177. These differences reflect how property characteristics and assessed values affect what each homeowner pays.
Median Mackinac Island Tax Bill
$5,817
Median Mackinac County Tax Bill
$1,091
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Mackinac Island, Mackinac County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49757 | $1,742 | $3,424 | $5,817 | $8,447 | $13,177 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 9 |
Links | |
|---|---|
| Mackinac Tax Assessor | |
| Website | bsaonline.com |