Luther, Lake County, Michigan Property Taxes
Median Luther, MI effective property tax rate: 0.36%, significantly lower than the national median of 1.02%, and also lower than the Michigan state median of 1.07%.
Median Luther, MI home value: $79,000
Median annual Luther, MI tax bill: $284, $2,116 lower than the national median property tax bill of $2,400.
How are property taxes in Lake County calculated?
Property taxes in Luther, 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 Luther’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Luther, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Luther, Lake County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.36%
Estimate Property Tax Bill
$284
$264
Property Tax Rates Across Luther, Lake 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 Luther Tax Rate
0.36%
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 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 Luther, Lake County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49656 | 0.23% | 0.29% | 0.36% | 0.43% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Luther, Lake County, Michigan
When examining property taxes in Luther, 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 Luther.
For example, the median home price in Luther is $79,000, with tax bills ranging significantly across the county. The 49656 zip code has the highest median home price at $79,000.
Property Tax Assessment Values Across Luther, Lake County, Michigan
Source: Ownwell
$41,400
$82,050
$122,700
Median Luther Market Value
$79,000
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 Luther, Lake County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49656 | $16,000 | $40,600 | $79,000 | $138,600 | $216,600 |
Source: Ownwell
Property Tax Bills Across Luther, Lake County, Michigan
In Luther, 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. The median home price in Luther is $79,000, with the tax bill ranging from $154 at the 25th percentile to $795 at the 90th percentile. The highest and lowest median tax bills in the area both stand at $284, which is significantly lower than the national median property tax bill of $2,400. Homeowners in Luther benefit from a property tax rate that is below the national median rate of 1.02%.
Factors that influence the property tax bill include the assessed value of the property and the local tax rate. These taxes can have a substantial impact on homeowners, affecting their monthly expenses and overall affordability of homeownership. Ownwell assists homeowners in Luther by offering property tax appeal services, potentially lowering their tax bills. By leveraging local expertise and a deep understanding of property tax laws, Ownwell helps ensure homeowners are not overpaying and can save money each year.
Median Luther Tax Bill
$284
Median Lake County Tax Bill
$302
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Luther, Lake County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49656 | $76 | $154 | $284 | $492 | $795 |
Source: Ownwell