Ottawa Lake, Monroe County, Michigan Property Taxes

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

Median Ottawa Lake, MI effective property tax rate: 1.24%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Ottawa Lake, MI home value: $210,200
Median annual Ottawa Lake, MI tax bill: $2,863, $463 higher than the national median property tax bill of $2,400.

How are property taxes in Monroe calculated?

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

Last Updated March 1, 2025

Ottawa Lake, Monroe County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.12%

Estimate Property Tax Bill

$2,970

$2,756

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

Property Tax Rates Across Ottawa Lake, Monroe County, Michigan

Local government entities determine tax rates, which can significantly differ within a state. This variation occurs because each county annually estimates the budget needed to provide services and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In Ottawa Lake, located in Monroe County, Michigan, the effective property tax rate can be compared to other cities within the state and the median property tax rates in Michigan and the U.S. With Michigan's median property tax rate being higher than the national median of 1.02%, property owners in Ottawa Lake might find their rates aligning closely with the state averages. This comparison provides valuable insights for property owners, helping them understand how their tax rates measure up against local and national benchmarks. Understanding these rates is crucial for property owners looking to manage their expenses effectively.

Property Tax Rates Across Ottawa Lake, Monroe County, Michigan

Source: Ownwell

0.87%

1.15%

1.43%

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 Ottawa Lake Tax Rate

1.12%

Median Effective Monroe County Tax Rate

1.12%

Median Effective Michigan Tax Rate

1.05%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Ottawa Lake, Monroe County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49267	0.94%	1.03%	1.12%	1.32%	1.70%

Source: Ownwell

Property Tax Assessment Values Across Ottawa Lake, Monroe County, Michigan

When examining property taxes in Ottawa Lake, 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 Monroe 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 Monroe 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 Ottawa Lake. For example, the median home price in Ottawa Lake is $210,200, with tax bills ranging significantly across the county. Zip code 49267 has the highest median home price at $210,200.

Property Tax Assessment Values Across Ottawa Lake, Monroe County, Michigan

Source: Ownwell

$138,800

$224,100

$309,400

Median Ottawa Lake Market Value

$265,200

Median Monroe County Market Value

$204,000

Median Michigan Market Value

$213,740

Median United States Market Value

$235,294

Property Tax Assessment Values Across Ottawa Lake, Monroe County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49267	$134,520	$187,100	$265,200	$388,700	$545,960

Source: Ownwell

Property Tax Bills Across Ottawa Lake, Monroe County, Michigan

In Ottawa Lake, Monroe County, Michigan, property tax bills are calculated based on the assessed value of a home, which is typically 50% of the market value. With a median home price of $210,200, homeowners in this area can expect their tax bills to vary significantly. The 25th percentile tax bill is $1,984, while the 75th percentile reaches $3,999. At the 90th percentile, tax bills climb to $5,470, indicating a wide range of potential costs for homeowners. The median tax bill in the area is $2,863, slightly above the national median of $2,400. This variation is influenced by factors such as local tax rates and the assessed property value. For homeowners, these tax bills can impact their overall financial planning and affordability of living in the area. Ownwell offers valuable assistance by providing property tax appeal and exemption services, helping homeowners potentially reduce their tax liabilities and save money. By leveraging Ownwell's expertise, homeowners can ensure they are not overpaying on their property taxes.

Property Tax Bills Across Ottawa Lake, Monroe County, Michigan

Source: Ownwell

$1,770

$2,652

$3,534

Median Ottawa Lake Tax Bill

$3,212

Median Monroe County Tax Bill

$2,481

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Ottawa Lake, Monroe County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49267	$1,649	$2,235	$3,212	$4,536	$6,296

Source: Ownwell

Don't miss the deadline to appeal!

Dates

Links
Monroe Tax Assessor
Website	bsaonline.com