Six Lakes, Montcalm County, Michigan Property Taxes
Median Six Lakes, MI effective property tax rate: 1.07%, significantly higher than the national median of 1.02%, and higher than the Michigan state median of 1.05%.
Median Six Lakes, MI home value: $143,000
Median annual Six Lakes, MI tax bill: $1,432, $968 lower than the national median property tax bill of $2,400.
How are property taxes in Montcalm calculated?
Property taxes in Six Lakes, 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 Six Lakes's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Six Lakes, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Six Lakes, Montcalm County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.07%
Estimate Property Tax Bill
$1,530
$1,420
Property Tax Rates Across Six Lakes, Montcalm County, Michigan
Local government entities in Michigan set property tax rates, and these can vary significantly within the state. Each year, counties estimate the budget needed to provide essential services and divide this by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the fundamental annual process.
In Six Lakes, located in Montcalm County, the effective property tax rate is a reflection of this process. When comparing Six Lakes' tax rate to other cities in Michigan, it's clear that the rates can differ, but Six Lakes maintains a consistent rate. The median property tax rate in Michigan is slightly above the national median, with Six Lakes aligning closely with this state average. This comparison highlights how Six Lakes' property tax rate stands in relation to both state and national figures, providing residents with an understanding of their local tax landscape.
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 Six Lakes Tax Rate
1.07%
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 Montcalm County Tax Rate
0.91%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Six Lakes, Montcalm County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48886 | 0.70% | 0.85% | 1.07% | 1.38% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Six Lakes, Montcalm County, Michigan
When examining property taxes in Six Lakes, 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 Montcalm 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 Montcalm 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 Six Lakes. For example, the median home price in Six Lakes is $143,000, with tax bills ranging significantly across the county. Zip code 48886 has the highest median home price at $143,000.
Property Tax Assessment Values Across Six Lakes, Montcalm County, Michigan
Source: Ownwell
$97,300
$180,550
$263,800
Median Six Lakes Market Value
$143,000
Median Montcalm County Market Value
$183,200
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Six Lakes, Montcalm County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48886 | $32,840 | $76,200 | $143,000 | $218,400 | $305,800 |
Source: Ownwell
Property Tax Bills Across Six Lakes, Montcalm County, Michigan
Median Six Lakes Tax Bill
$1,432
Median Montcalm County Tax Bill
$1,657
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Six Lakes, Montcalm County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48886 | $353 | $834 | $1,432 | $2,212 | $3,253 |
Source: Ownwell