The invention relates to a low-temperature high-grade magnesia porcelain preparation method, wherein the billet material comprises, by weight, 32% of burned talc, 26% of raw talc, 10% of feldspar, 15%of kaolin, 4% of bentonite, 10% of quartz, and 3% of calcium carbonate, and the glaze material comprises, by weight, 24% of feldspar, 14% of calcite, 6% of kaolin, 14% of quartz, 3% of ZnO, 4% of BaCO3, 25% of frit, and 5% of strontium oxide. According to the preparation method, billet material and glaze material preparation, molding, drying, biscuit firing of billet body, glazing, drying, and medium temperature glaze burning to obtain the product, wherein the biscuit firing temperature is 1120-1180 DEGC, the thermal insulation is 30 min, the medium temperature glaze burning temperature is 1100 DEGC, and the thermal insulation is 30 min. According to the present invention, with the preparation method, the product with advantages of good glaze surface quality and high glossiness is obtained so as to achieve broad application prospects.