Idlewild, Lake County, Michigan Property Taxes

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

Median Idlewild, MI effective property tax rate: 0.39%, significantly lower than the national median of 1.02%, and also lower than the Michigan state median of 1.07%.
Median Idlewild, MI home value: $49,400
Median annual Idlewild, MI tax bill: $180, $2,220 lower than the national median property tax bill of $2,400.

How are property taxes in Lake County calculated?

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

Last Updated March 1, 2025

Idlewild, Lake County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.39%

Estimate Property Tax Bill

$193

$179

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

Property Tax Rates Across Idlewild, Lake County, Michigan

Local government entities determine tax rates, which can vary significantly within a state. This variation is due to each county's annual estimation of its required budget to provide essential services, which is then divided by the total value of all taxable property within its jurisdiction. This process results in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the fundamental annual process.

In Idlewild, located in Lake County, Michigan, the effective property tax rate is 0.39%, which is significantly lower than the national median of 1.02%. This makes Idlewild an attractive location for property owners seeking lower tax burdens. When compared to other cities in Michigan and the national average, Idlewild offers a more favorable tax environment. The lower tax rate can result in substantial savings for homeowners and can be a compelling reason to consider owning property in Idlewild. Understanding these differences in tax rates can be crucial for making informed decisions about property investments and financial planning.

Property Tax Rates Across Idlewild, Lake County, Michigan

Source: Ownwell

0.32%

0.38%

0.43%

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 Idlewild Tax Rate

0.39%

Median Effective Lake County Tax Rate

0.38%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Idlewild, Lake County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49642	0.23%	0.31%	0.39%	0.44%	0.50%

Source: Ownwell

Property Tax Assessment Values Across Idlewild, Lake County, Michigan

When examining property taxes in Idlewild, 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 Lake 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 Lake 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 Idlewild.

For example, the median home price in Idlewild is $49,400, with tax bills ranging significantly across the county. Zip code 49642 has the highest median home price at $49,400.

Property Tax Assessment Values Across Idlewild, Lake County, Michigan

Source: Ownwell

$41,400

$82,050

$122,700

Median Idlewild Market Value

$49,400

Median Lake County Market Value

$80,200

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Idlewild, Lake County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49642	$14,200	$29,200	$49,400	$82,300	$125,720

Source: Ownwell

Property Tax Bills Across Idlewild, Lake County, Michigan

In Idlewild, located in Lake County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The median home price in Idlewild stands at $49,400, and the property tax rate is applied to this assessed value to determine the annual tax bill. Tax bills can vary significantly, with the 25th percentile at $97 and the 90th percentile reaching $485, reflecting differences in property values and assessment practices. Compared to the national median property tax bill of $2,400, Idlewild's property taxes are relatively low, making it an attractive option for homeowners. However, even with lower tax bills, homeowners may still be overpaying due to inaccurate assessments or overlooked exemptions. This is where Ownwell can make a difference. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their tax assessments are fair and accurate, potentially saving them money and reducing their annual property tax burden.

Property Tax Bills Across Idlewild, Lake County, Michigan

Source: Ownwell

$165

$294

$422

Median Idlewild Tax Bill

$180

Median Lake County Tax Bill

$302

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Idlewild, Lake County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49642	$47	$97	$180	$316	$485

Source: Ownwell