This paper deals with attitude determination, parameter identification and reference sensor calibration simultaneously. A LEO satellite’s attitude, inertia tensor as well as calibration of Three-Axis-Magnetometer (TAM) are estimated during a maneuver designed to satisfy persistency of excitation condition. For this purpose, kinematic and kinetic state equations of spacecraft motion are augmented for the determination of inertia tensor and TAM calibration parameters including scale factors, misalignments and biases along three body axes. Attitude determination is a nonlinear estimation problem. Unscented Kalman Filter (UKF) as an advanced nonlinear estimation algorithm with good performance can be used to estimate satellite attitude but its computational cost is considerably larger than the widespread, low accuracy, Extended Kalman Filter (EKF). Reduced Sigma Points Filters provide good solutions and also decrease run time of UKF. However, in contrast to nonlinear problem of attitude determination, parameter identification and sensor calibration have linear dynamics. Therefore, a new Marginal UKF (MUKF) is proposed that combines the utility of Kalman Filter with Modified UKF (MMUKF). The proposed MMUKF utilizes only 14 sigma points to achieve the complete 25-dimensional state vector estimation. Additionally, a Monte Carlo simulation has demonstrated a good accuracy for concurrent estimation of attitude, inertia tensor as well as TAM calibration parameters in significantly less time with respect to sole utilization of the UKF.