Lake County, Michigan Property Taxes
Census Bureau ACS property tax data for Michigan. Population: 4,003.
The median annual property tax in Lake County is $1,413, which is 33% lower than the Michigan state average and 27% below the national average. The effective tax rate is 1.15% on a median home value of $122,900. Property taxes represent 2.8% of the median household income in this county.
Median Annual Tax
$1,413
-33% vs State
-27% vs US
Median Home Value
$122,900
-33% vs State
-42% vs US
Effective Tax Rate
1.15%
-2% vs State
+21% vs US
With vs Without Mortgage
With Mortgage
$1,557
$130/mo
Without Mortgage
$1,307
$109/mo
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
Property Tax History
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2023 | $1,413 +3.1% | 1.15% |
| 2022 | $1,371 +6.8% | 1.17% |
| 2021 | $1,284 +5.6% | 1.31% |
| 2020 | $1,216 +0.8% | 1.36% |
| 2019 | $1,206 | 1.37% |
Tax Burden
Tax-to-Income Ratio
2.8%
of median household income
Median Income
$49,680
per year
Monthly Tax
$118
per month
Other Counties in Michigan
Branch County
Tax: $1,813/yr Rate: 1.23%
Presque Isle County
Tax: $1,382/yr Rate: 1.02%
Ogemaw County
Tax: $1,417/yr Rate: 1.02%
Roscommon County
Tax: $1,552/yr Rate: 1.05%
Calhoun County
Tax: $2,269/yr Rate: 1.50%
Hillsdale County
Tax: $1,644/yr Rate: 0.96%
Frequently Asked Questions
What is the average property tax in Lake County, Michigan? ▼
The median annual property tax in Lake County is $1,413 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 1.15% on a median home value of $122,900.
How does Lake County property tax compare to the national average? ▼
Property taxes in Lake County are 27% below the national average of $1,923. The effective rate of 1.15% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Lake County? ▼
In Lake County, homeowners with a mortgage pay a median of $1,557 in annual property taxes, while homeowners without a mortgage pay $1,307. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Lake County? ▼
Property taxes in Lake County represent approximately 2.8% of the median household income of $49,680. The national benchmark is generally 2-4% of household income.
Explore More Data
Data source: U.S. Census Bureau, American Community Survey 5-Year Estimates. Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.