Lyons, Ionia County, Michigan Property Taxes
Median Lyons, MI effective property tax rate: 0.50%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Lyons, MI home value: $120,400
Median annual Lyons, MI tax bill: $680, $1,720 lower than the national median property tax bill of $2,400.
How are property taxes in Ionia calculated?
Property taxes in Lyons, 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 Lyons’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lyons, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lyons, Ionia County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.05%
Estimate Property Tax Bill
$1,630
$1,512
Property Tax Rates Across Lyons, Ionia County, Michigan
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 Lyons Tax Rate
1.05%
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 Ionia County Tax Rate
1.06%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lyons, Ionia County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48851 | 0.78% | 0.89% | 1.05% | 1.32% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Lyons, Ionia County, Michigan
When examining property taxes in Lyons, Michigan, 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 Ionia County Assessor 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 Ionia 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 Lyons. For example, the median home price in Lyons is $120,400, with tax bills ranging significantly across the county. Zip code 48851 has the highest median home price at $120,400.
Property Tax Assessment Values Across Lyons, Ionia County, Michigan
Source: Ownwell
$92,900
$213,350
$333,800
Median Lyons Market Value
$155,200
Median Ionia County Market Value
$186,400
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lyons, Ionia County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48851 | $58,800 | $95,400 | $155,200 | $240,800 | $345,480 |
Source: Ownwell
Property Tax Bills Across Lyons, Ionia County, Michigan
In Lyons, located in Ionia County, MI, property tax bills are calculated based on the assessed value of the home, which is determined by the local assessor. The assessed value typically reflects a percentage of the property's market value. Homeowners in Lyons face a median property tax bill of $680, which is significantly lower than the national median of $2400. Factors like local government budgets and school district funding needs influence the exact rate applied. The property tax rate in Lyons is designed to generate the necessary revenue for public services, affecting homeowners by contributing to the cost of local infrastructure, education, and emergency services.
Ownwell assists homeowners in Lyons by providing expert property tax appeal services. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners potentially reduce their tax burdens. With a deep understanding of local tax codes and valuation methods, Ownwell ensures that homeowners pay only their fair share, potentially saving them hundreds of dollars annually on their property tax bills.
Median Lyons Tax Bill
$1,688
Median Ionia County Tax Bill
$2,034
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Lyons, Ionia County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48851 | $723 | $1,084 | $1,688 | $2,499 | $3,642 |
Source: Ownwell