Central Lake, Antrim County, Michigan Property Taxes

Name: Property Tax Bills Across Central Lake, Antrim County, Michigan
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Central Lake, MI effective property tax rate: 0.69%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Central Lake, MI home value: $207,000
Median annual Central Lake, MI tax bill: $1,246, $1,154 lower than the national median property tax bill of $2,400.

How are property taxes in Antrim County calculated?

Property taxes in Central Lake, MI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Central Lake’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Central Lake, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Central Lake, Antrim County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.69%

Estimate Property Tax Bill

$1,428

$1,325

Ownwell’s Central Lake Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Central Lake with just two data points. By entering your property's estimated assessed value, our calculator applies Central Lake’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Antrim County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Central Lake, Antrim County, Michigan

Local government entities set tax rates, which can vary widely within Michigan. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Central Lake’s effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S. Central Lake in Antrim County boasts a median property tax rate of 0.69%, which is significantly lower than the national median property tax rate of 1.02%. This lower rate can be a financial advantage for property owners looking to reduce their annual tax burden. With the highest and lowest median tax rates both standing at 0.69% in the 49622 zip code, residents of Central Lake enjoy a consistent and favorable tax environment. This stability, combined with the lower tax rate, makes Central Lake an attractive location for homeowners seeking to maximize their investment while keeping tax expenses manageable.

Property Tax Rates Across Central Lake, Antrim County, Michigan

Source: Ownwell

0.30%

0.67%

1.04%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Central Lake Tax Rate

0.69%

Median Effective Antrim County Tax Rate

0.72%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Central Lake, Antrim County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49622	0.30%	0.40%	0.69%	1.06%	1.38%

Source: Ownwell

Property Tax Assessment Values Across Central Lake, Antrim County, Michigan

When examining property taxes in Central Lake, MI, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Antrim County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Antrim County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Central Lake.

For example, the median home price in Central Lake is $207,000, with tax bills ranging significantly across the county. Zip code 49622 has the highest median home price at $207,000.

Property Tax Assessment Values Across Central Lake, Antrim County, Michigan

Source: Ownwell

$77,400

$373,100

$668,800

Median Central Lake Market Value

$207,000

Median Antrim County Market Value

$211,000

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Central Lake, Antrim County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49622	$62,380	$113,850	$207,000	$388,650	$672,200

Source: Ownwell

Property Tax Bills Across Central Lake, Antrim County, Michigan

Property tax bills in Central Lake, located in Antrim County, MI, are calculated based on the assessed value of a property. The local tax rate is applied to this assessed value, which is typically a percentage of the market value. In Central Lake, the median property tax bill is $1,246, which is below the national median of $2,400. Homeowners in this area experience a range of tax bills, with the 25th percentile at $684 and the 75th percentile reaching $2,701. The 90th percentile tax bill can be as high as $5,532, reflecting variations in property values and assessments.

Factors influencing property tax bills include changes in property value, local government budgets, and voter-approved measures. These taxes significantly impact homeowners by affecting their annual expenses and potentially their property value.

Ownwell can assist homeowners by reviewing their property assessments and filing appeals if the assessed value appears too high. By securing reductions, Ownwell helps clients save money on their property tax bills, ensuring they only pay their fair share.

Property Tax Bills Across Central Lake, Antrim County, Michigan

Source: Ownwell

$222

$2,179

$4,136

Median Central Lake Tax Bill

$1,246

Median Antrim County Tax Bill

$1,488

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Central Lake, Antrim County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49622	$401	$684	$1,246	$2,701	$5,532

Source: Ownwell