Suttons Bay, Leelanau County, Michigan Property Taxes
Median Suttons Bay, MI effective property tax rate: 0.62%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Suttons Bay, MI home value: $370,420
Median annual Suttons Bay, MI tax bill: $2,673, $273 higher than the national median property tax bill of $2,400.
How are property taxes in Leelanau County calculated?
Property taxes in Suttons Bay, 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 Suttons Bay’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Suttons Bay, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Suttons Bay, Leelanau County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.62%
Estimate Property Tax Bill
$2,297
$2,131
Property Tax Rates Across Suttons Bay, Leelanau 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 Suttons Bay Tax Rate
0.62%
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 Suttons Bay, Leelanau County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49682 | 0.37% | 0.46% | 0.62% | 1.14% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Suttons Bay, Leelanau County, Michigan
When examining property taxes in Suttons Bay, 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 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 Suttons Bay. For example, the median home price in Suttons Bay is $370,420, with tax bills ranging significantly across the county. Zip code 49682 has the highest median home price at $370,420.
Property Tax Assessment Values Across Suttons Bay, Leelanau County, Michigan
Source: Ownwell
$300,800
$547,450
$794,100
Median Suttons Bay Market Value
$370,420
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 Suttons Bay, Leelanau County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49682 | $10,000 | $220,000 | $370,420 | $625,000 | $940,500 |
Source: Ownwell
Property Tax Bills Across Suttons Bay, Leelanau County, Michigan
In Suttons Bay, Leelanau County, MI, property tax bills are determined by the assessed value of a home, which is typically a percentage of the market value. The local tax rate is applied to this assessed value to calculate the annual tax bill. Factors such as property improvements, changes in market conditions, and local government budgets can influence both the assessed value and the tax rate, impacting the final tax bill for homeowners. The median property tax bill in Suttons Bay is $2,673, slightly above the national median of $2,400. Homeowners in this area experience tax bills ranging from $1,340 at the 25th percentile to $7,994 at the 90th percentile.
Ownwell assists homeowners by reviewing their property assessments to identify potential inaccuracies or overvaluations. By filing appeals and exemptions on behalf of homeowners, Ownwell can help reduce tax liabilities, ensuring they pay only their fair share. This service provides peace of mind and potential savings for homeowners facing high property tax bills.
Median Suttons Bay Tax Bill
$2,673
Median Leelanau County Tax Bill
$1,958
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Suttons Bay, Leelanau County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49682 | $747 | $1,340 | $2,673 | $4,740 | $7,994 |
Source: Ownwell