Lake County Property Taxes
Lake County, Michigan
Effective Tax Rate
0.00%
32.8% below state avgMedian Annual Tax
$0
$118/mo escrow
Estimate Your Tax
Annual Tax
$0
Monthly
$0
Eff. Rate
1.15%
At a Glance
Median Home Value
$122,900
State avg ▼ $182,224
Tax w/ Mortgage/yr
$1,557
$130/mo escrow
Tax w/o Mortgage/yr
$1,307
$109/mo
State Tax Rate Rank
#45
of 83 counties (1 = lowest)
Similar tax rates
Data Story
About Property Taxes in Lake County, Michigan
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.
How Lake County Compares
Median Annual Property Tax
Lake County
1.15%
Effective rate
Michigan Avg
1.15%
Effective rate
National Avg
0.91%
Effective rate
Frequently Asked Questions
What is the property tax rate in Lake County, Michigan?
How much are property taxes in Lake County?
How does Lake County compare to the Michigan average?
What is the median home value in Lake County, Michigan?
Is Lake County a low property tax area in Michigan?
How does Lake County rank for property taxes in Michigan?
Counties with Similar Tax Rates
Nearby Counties
Other Counties in Michigan
Data updated: March 2026
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates. Effective tax rate is calculated as median property tax divided by median home value.