Lakeview, Mecosta County, Michigan Property Taxes
Median Lakeview, MI effective property tax rate: 0.78%, significantly lower than the national median of 1.02%, and lower than the Michigan state median of 1.05%.
Median Lakeview, MI home value: $183,600
Median annual Lakeview, MI tax bill: $1,491, $909 lower than the national median property tax bill of $2,400.
How are property taxes in Mecosta calculated?
Property taxes in Lakeview, 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 Lakeview's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lakeview, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lakeview, Mecosta County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.78%
Estimate Property Tax Bill
$1,432
$1,329
Property Tax Rates Across Lakeview, Mecosta County, Michigan
Local government entities are responsible for setting tax rates, which can differ significantly within a state. This variation occurs because each county calculates its budget needs annually and divides this by the total value of all taxable property in the area, resulting in the property tax rate. Although the process involves votes and legal considerations, this is essentially how it works each year.
In Lakeview, situated in Mecosta County, Michigan, the effective property tax rate is notably lower than both the national median property tax rate of 1.02% and the national median property tax bill of $2400. This makes Lakeview an attractive location for property owners looking to minimize their tax obligations.
When compared to other cities in Michigan, Lakeview's property tax rate is consistent, as it mirrors the median rate in the state. This stability in property tax rates can be appealing to homeowners who value predictability in their financial planning.
In summary, Lakeview offers a favorable tax environment, making it an excellent choice for those seeking lower property tax rates in 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 Lakeview Tax Rate
0.78%
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 Mecosta County Tax Rate
0.91%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lakeview, Mecosta County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48850 | 0.51% | 0.64% | 0.78% | 0.93% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Lakeview, Mecosta County, Michigan
When examining property taxes in Lakeview, 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 Mecosta 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 Mecosta 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 Lakeview.
For example, the median home price in Lakeview is $183,600, with tax bills ranging significantly across the county. Zip code 48850 has the highest median home price at $183,600.
Property Tax Assessment Values Across Lakeview, Mecosta County, Michigan
Source: Ownwell
$113,200
$191,500
$269,800
Median Lakeview Market Value
$183,600
Median Mecosta County Market Value
$184,600
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lakeview, Mecosta County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48850 | $73,480 | $116,600 | $183,600 | $283,400 | $377,080 |
Source: Ownwell
Property Tax Bills Across Lakeview, Mecosta County, Michigan
Median Lakeview Tax Bill
$1,491
Median Mecosta County Tax Bill
$1,675
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Lakeview, Mecosta County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48850 | $484 | $922 | $1,491 | $2,356 | $3,587 |
Source: Ownwell