Omena, Leelanau County, Michigan Property Taxes
Median Omena, MI effective property tax rate: 0.71%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Omena, MI home value: $577,500
Median annual Omena, MI tax bill: $3,892, $1,492 higher than the national median property tax bill of $2,400.
How are property taxes in Leelanau County calculated?
Property taxes in Omena, 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 Omena’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Omena, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Omena, Leelanau County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.71%
Estimate Property Tax Bill
$4,100
$3,805
Property Tax Rates Across Omena, Leelanau County, Michigan
Local government entities are responsible for setting tax rates, which can vary significantly even within a single state. This is because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially how the process unfolds each year.
In Omena, located in Leelanau County, Michigan, the effective property tax rate is an interesting point of comparison. The median property tax rate in Michigan is 0.71%, which is below the national median of 1.02%. This means that residents in Omena typically enjoy lower property tax rates compared to many other parts of the country. When looking at property tax bills, Michigan's median is also generally lower than the national figure of $2,400. Such comparisons highlight the relative affordability of property taxes in Omena, making it an attractive location for property owners.
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 Omena Tax Rate
0.71%
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 Omena, Leelanau County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49674 | 0.36% | 0.49% | 0.71% | 1.01% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Omena, Leelanau County, Michigan
When examining property taxes in Omena, 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 Leelanau 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 Leelanau 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 Omena.
For example, the median home price in Omena is $577,500, with tax bills ranging significantly across the county. The zip code 49674 has the highest median home price at $577,500.
Property Tax Assessment Values Across Omena, Leelanau County, Michigan
Source: Ownwell
$300,800
$547,450
$794,100
Median Omena Market Value
$577,500
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 Omena, Leelanau County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49674 | $195,100 | $310,450 | $577,500 | $827,850 | $1,115,800 |
Source: Ownwell
Property Tax Bills Across Omena, Leelanau County, Michigan
Median Omena Tax Bill
$3,892
Median Leelanau County Tax Bill
$1,958
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Omena, Leelanau County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49674 | $1,103 | $2,260 | $3,892 | $6,284 | $9,511 |
Source: Ownwell