Fife Lake, Grand Traverse County, Michigan Property Taxes

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

Median Fife Lake, MI effective property tax rate: 0.38%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Fife Lake, MI home value: $180,504
Median annual Fife Lake, MI tax bill: $716, $1,684 lower than the national median property tax bill of $2,400.

How are property taxes in Grand Traverse calculated?

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

Last Updated March 1, 2025

Fife Lake, Grand Traverse County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.38%

Estimate Property Tax Bill

$686

$637

Ownwell’s Fife Lake Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fife Lake with just two data points. By entering your property's estimated assessed value, our calculator applies Fife 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 Grand Traverse County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Fife Lake, Grand Traverse County, Michigan

Local government entities set tax rates, which can vary widely within a state. This is because each county annually 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.

In Fife Lake, located in Grand Traverse County, Michigan, the effective property tax rate is significantly lower than both the national median of 1.02% and many other cities within the state. This offers a financial advantage for property owners in the area, potentially reducing their annual tax burden. The median property tax rate in Michigan is also lower than the national average, making it an attractive location for those looking to minimize their property tax expenses. Comparing Fife Lake’s effective property tax rate with other cities in Michigan and the U.S. can provide valuable insights for prospective homeowners or investors considering the area. This lower tax rate can make a difference in long-term financial planning and property investment decisions.

Property Tax Rates Across Fife Lake, Grand Traverse County, Michigan

Source: Ownwell

0.33%

0.62%

0.91%

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 Fife Lake Tax Rate

0.38%

Median Effective Grand Traverse County Tax Rate

0.70%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Fife Lake, Grand Traverse County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49633	0.23%	0.30%	0.38%	0.51%	0.70%

Source: Ownwell

Property Tax Assessment Values Across Fife Lake, Grand Traverse County, Michigan

When examining property taxes in Fife 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 Grand Traverse 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 Grand Traverse 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 Fife Lake.

For example, the median home price in Fife Lake is $180,504, with tax bills ranging significantly across the county. Zip code 49633 has the highest median home price at $180,504.

Property Tax Assessment Values Across Fife Lake, Grand Traverse County, Michigan

Source: Ownwell

$180,504

$254,666

$328,828

Median Fife Lake Market Value

$180,504

Median Grand Traverse County Market Value

$287,584

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Fife Lake, Grand Traverse County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49633	$63,480	$102,619	$180,504	$310,176	$456,472

Source: Ownwell

Property Tax Bills Across Fife Lake, Grand Traverse County, Michigan

In Fife Lake, located in Grand Traverse County, MI, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the tax bill. With a median home price of $180,504, homeowners often face varying tax bills. For instance, homeowners at the 25th percentile pay about $415, while those at the 75th percentile pay $1,116. The highest median tax bill recorded in the area is $716, which is notably lower than the national median property tax bill of $2,400. This discrepancy highlights the importance of understanding local tax assessments and seeking ways to optimize them. Ownwell offers a solution by providing expert property tax appeal and exemption services. By leveraging their expertise, homeowners can potentially lower their tax bills, ensuring they only pay what is fair. This service can be especially beneficial in areas like Fife Lake, where tax assessments may not always reflect true market conditions.

Property Tax Bills Across Fife Lake, Grand Traverse County, Michigan

Source: Ownwell

$716

$1,953

$3,189

Median Fife Lake Tax Bill

$716

Median Grand Traverse County Tax Bill

$2,154

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Fife Lake, Grand Traverse County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49633	$223	$415	$716	$1,116	$1,785

Source: Ownwell