Property Tax in Lake County
via TaxByCounty
Lake County taxes slightly above national median
Lake County's effective tax rate of 1.150% runs just below Michigan's state average of 1.166% but above the implied national median rate of roughly 0.95%. The median property tax of $1,413 falls well short of the national median of $2,690, reflecting Lake's lower median home value of $122,900 compared to the national median of $281,900.
Light taxes offset by modest home values
Lake County ranks in the lower-middle tier of Michigan's 83 counties for tax burden, with a 1.150% rate nearly matching the state average. However, the median tax of just $1,413 is among the lowest statewide, placing Lake County homeowners in an affordable tax position despite above-average rates.
Lake's taxes lean slightly higher than peers
Lake County's 1.150% effective rate exceeds Luce County's 1.015% but trails most other regional counties in the lower Peninsula. The median tax of $1,413 reflects the county's rural character and lower property values across the western lower Peninsula.
Average Lake home costs $1,413 yearly
A property at Lake County's median value of $122,900 generates an annual property tax of roughly $1,413 at the 1.150% effective rate. With a mortgage, the bill climbs to $1,557; without one, it falls to $1,307.
Lake County assessments worth challenging
Even in affordable Lake County, properties can be overassessed relative to actual market sales in the area. Homeowners should compare their assessed value to recent comparable sales within their township or city—if your assessment exceeds market reality, file an appeal with the assessor.