A marking device is used with a measuring tape extendable from a coiled position to mark a desired distance measured by the tape. The marking device includes an actuation member and a marker holder. The actuation member has an exterior portion for manual movement from a retracted to a marking position which moves the marker holder from the retracted to the marking position. A marker is attached to the marker holder for marking the desired distance. A guide device is provided to guide the marker across an inker and then to the marking position. A biasing device, such as a spring, is connected to the marker holder to urge the marker holder towards the retracted position.