Glen Arbor, Leelanau County, Michigan Property Taxes
Median Glen Arbor, MI effective property tax rate: 0.36%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Glen Arbor, MI home value: $489,200
Median annual Glen Arbor, MI tax bill: $1,598, $802 lower than the national median property tax bill of $2,400.
How are property taxes in Leelanau calculated?
Property taxes in Glen Arbor, 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 Glen Arbor’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Glen Arbor, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Glen Arbor, Leelanau County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.36%
Estimate Property Tax Bill
$1,761
$1,634
Property Tax Rates Across Glen Arbor, Leelanau County, Michigan
Local government entities in Michigan set property tax rates, which can differ significantly across the state. This variation is due to each county annually estimating its budgetary needs for public services and dividing this by the total assessed value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While voting and legislation play roles in setting these rates and budgets, this process is the core of annual property tax assessment.
In Glen Arbor, located in Leelanau County, the effective property tax rate is notably lower compared to other cities in Michigan. The median property tax rate in Leelanau County is 0.36%, which is significantly below the national median of 1.02%. This means homeowners in Glen Arbor may benefit from lower property tax bills compared to the national median property tax bill of $2,400. By understanding how property tax rates are determined and how they compare to state and national averages, property owners can better navigate their tax responsibilities and explore potential savings through appeals and exemptions.
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 Glen Arbor 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 Leelanau County Tax Rate
0.48%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Glen Arbor, Leelanau County, Michigan
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
49636 | 0.20% | 0.28% | 0.36% | 0.41% | 0.47% |
Source: Ownwell
Property Tax Assessment Values Across Glen Arbor, Leelanau County, Michigan
When examining property taxes in Glen Arbor, 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 Leelanau County Equalization Department 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 Leelanau 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 Glen Arbor.
For example, the median home price in Glen Arbor is $489,200, with tax bills ranging significantly across the county. The 49636 zip code has the highest median home price at $489,200.
Property Tax Assessment Values Across Glen Arbor, Leelanau County, Michigan
Source: Ownwell
$300,800
$547,450
$794,100
Median Glen Arbor Market Value
$489,200
Median Leelanau County Market Value
$389,200
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Glen Arbor, Leelanau County, Michigan
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
49636 | $111,200 | $216,400 | $489,200 | $803,850 | $1,923,360 |
Source: Ownwell
Property Tax Bills Across Glen Arbor, Leelanau County, Michigan
Median Glen Arbor Tax Bill
$1,598
Median Leelanau County Tax Bill
$1,958
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Glen Arbor, Leelanau County, Michigan
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
49636 | $407 | $762 | $1,598 | $2,844 | $5,026 |
Source: Ownwell