Otisville, Lapeer County, Michigan Property Taxes

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

Median Otisville, MI effective property tax rate: 0.26%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Otisville, MI home value: $247,100
Median annual Otisville, MI tax bill: $672, $1,728 lower than the national median property tax bill of $2,400.

How are property taxes in Lapeer calculated?

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

Last Updated March 1, 2025

Otisville, Lapeer County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.26%

Estimate Property Tax Bill

$642

$596

Ownwell’s Otisville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Otisville with just two data points.

By entering your property's estimated assessed value, our calculator applies Otisville’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 Lapeer County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Otisville, Lapeer County, Michigan

Local government entities are responsible for setting property tax rates, which can differ significantly across a state. This variation arises because each county annually estimates the budget required to provide essential services. This budget is then divided by the total value of all taxable properties within the county, resulting in the property tax rate. While setting these rates involves votes and legislation, this is the core process that determines the annual property tax rate.

In Otisville, located in Lapeer County, Michigan, property tax rates reflect this localized approach. When comparing Otisville’s effective property tax rate to other cities in Michigan, it's important to consider how it measures up to both the state and national medians. The national median property tax rate stands at 1.02%, with an average tax bill of $2400. Understanding these comparisons can provide valuable insights into how Otisville’s property taxes align with broader trends, aiding property owners in making informed decisions about tax appeals and exemptions.

Property Tax Rates Across Otisville, Lapeer County, Michigan

Source: Ownwell

0.30%

0.45%

0.60%

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 Otisville Tax Rate

0.26%

Median Effective Lapeer County Tax Rate

0.37%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Otisville, Lapeer County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48463	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Otisville, Lapeer County, Michigan

When examining property taxes in Otisville, 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 Lapeer 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 Lapeer County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Otisville. For example, the median home price in Otisville is $247,100, with tax bills ranging significantly across the county. 48463 has the highest median home price at $247,100.

Property Tax Assessment Values Across Otisville, Lapeer County, Michigan

Source: Ownwell

$124,600

$223,600

$322,600

Median Otisville Market Value

$247,100

Median Lapeer County Market Value

$215,800

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Otisville, Lapeer County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48463	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Otisville, Lapeer County, Michigan

In Otisville, located in Lapeer County, Michigan, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is typically a percentage of the market value, reflecting what the property might sell for under normal conditions. Homeowners in Otisville often see property tax bills that vary significantly, with the 25th percentile paying approximately $559, while those at the 90th percentile face bills around $887. These figures are notably lower than the national median property tax bill of $2,400. Several factors influence the tax bill, including property size, location, and any improvements made to the property. High property taxes can be a burden for homeowners, impacting affordability and financial planning. Ownwell offers property tax appeal and exemption services to help homeowners reduce their tax burden. By thoroughly analyzing property assessments and identifying potential errors or opportunities for exemptions, Ownwell assists homeowners in potentially lowering their property tax bills, ensuring they pay only their fair share.

Property Tax Bills Across Otisville, Lapeer County, Michigan

Source: Ownwell

$372

$985

$1,598

Median Otisville Tax Bill

$672

Median Lapeer County Tax Bill

$858

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Otisville, Lapeer County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48463	N/A	N/A	N/A	N/A	N/A

Source: Ownwell