Lakeland, Livingston County, Michigan Property Taxes

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

Median Lakeland, MI effective property tax rate: 0.91%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Lakeland, MI home value: $354,320
Median annual Lakeland, MI tax bill: $3,194, $794 higher than the national median property tax bill of $2,400.

How are property taxes in Livingston calculated?

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

Last Updated March 1, 2025

Lakeland, Livingston County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.29%

Estimate Property Tax Bill

$1,121

$1,040

Ownwell’s Lakeland Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lakeland with just two data points. By entering your property's estimated assessed value, our calculator applies Lakeland’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 Livingston County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lakeland, Livingston County, Michigan

Local government entities determine tax rates, which can vary widely within a state. Each county annually estimates its budget to provide essential services and divides that by the total 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 is the annual process in a nutshell.

In Lakeland, located in Livingston County, Michigan, the effective property tax rate stands at 0.91%. This rate is notably lower than the national median property tax rate of 1.02%, offering potential financial relief for property owners in the area. When comparing Lakeland to other cities within Michigan, it becomes evident that the property tax rate here aligns with the state’s median, which also stands at 0.91%.

The consistency of Lakeland’s property tax rate with the state median suggests a balanced approach to funding local services while maintaining affordability for residents. For those considering property investments or homeownership in Michigan, understanding these tax rates is crucial for making informed financial decisions.

Property Tax Rates Across Lakeland, Livingston County, Michigan

Source: Ownwell

0.29%

0.51%

0.73%

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 Lakeland Tax Rate

0.29%

Median Effective Livingston County Tax Rate

0.50%

Median Effective Michigan Tax Rate

1.05%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lakeland, Livingston County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48143	0.23%	0.25%	0.29%	0.37%	0.48%

Source: Ownwell

Property Tax Assessment Values Across Lakeland, Livingston County, Michigan

When examining property taxes in Lakeland, 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 Livingston 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. Assessment notices: In Livingston County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Lakeland. For example, the median home price in Lakeland is $354,320, with tax bills ranging significantly across the county. 48143 has the highest median home price at $354,320.

Property Tax Assessment Values Across Lakeland, Livingston County, Michigan

Source: Ownwell

$174,200

$343,300

$512,400

Median Lakeland Market Value

$386,430

Median Livingston County Market Value

$349,600

Median Michigan Market Value

$213,740

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lakeland, Livingston County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48143	$78,620	$207,830	$386,430	$577,910	$652,132

Source: Ownwell

Property Tax Bills Across Lakeland, Livingston County, Michigan

In Lakeland, located in Livingston County, MI, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. For many homeowners in Lakeland, property tax bills can vary significantly, with the 25th percentile at $1,841 and the 75th percentile reaching $4,930. This variability can be attributed to differences in property values and local tax rates. Lakeland's median property tax bill is notably higher than the national median of $2,400, reflecting the area's higher property values and tax rates. Homeowners may find these taxes burdensome, especially when their home's assessed value does not accurately reflect its market value. This is where Ownwell comes in, offering expert property tax appeal services to help homeowners potentially reduce their tax bills. By ensuring assessments are fair and accurate, Ownwell can provide significant savings and relief to Lakeland homeowners.

Property Tax Bills Across Lakeland, Livingston County, Michigan

Source: Ownwell

$904

$2,092

$3,280

Median Lakeland Tax Bill

$1,200

Median Livingston County Tax Bill

$1,857

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Lakeland, Livingston County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48143	$296	$598	$1,200	$1,763	$2,217

Source: Ownwell