Lake Angelus, Oakland County, Michigan Property Taxes
Median Lake Angelus, MI effective property tax rate: 1.16%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Lake Angelus, MI home value: $1,285,420
Median annual Lake Angelus, MI tax bill: $15,447, $13,047 higher than the national median property tax bill of $2,400.
How are property taxes in Oakland calculated?
Property taxes in Lake Angelus, 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 Lake Angelus’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lake Angelus, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lake Angelus, Oakland County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.28%
Estimate Property Tax Bill
$17,481
$16,222
Ownwell’s Lake Angelus Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lake Angelus with just two data points.
By entering your property's estimated assessed value, our calculator applies Lake Angelus’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 Oakland County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Lake Angelus, Oakland County, Michigan
Local government entities set tax rates, which can vary widely within a state. This variation is primarily due to each county's annual budget requirements. Every year, counties estimate the budget needed to provide essential services and divide this by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While the process involves votes and laws to set tax rates and budgets, this is the fundamental method used annually.
In Lake Angelus, located in Oakland County, Michigan, the effective property tax rate is 1.16%, which is higher than the national median property tax rate of 1.02%. This rate reflects the county's budgetary needs and the total assessed value of properties. When compared to the national median property tax bill of $2,400, residents in Lake Angelus may find their tax bills to be higher, given the higher rate. Understanding these rates can help property owners in Lake Angelus make informed decisions about their property taxes and potential appeals.
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 Lake Angelus Tax Rate
1.28%
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 Oakland County Tax Rate
1.04%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lake Angelus, Oakland County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48326 | 0.75% | 0.98% | 1.28% | 1.49% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Lake Angelus, Oakland County, Michigan
When examining property taxes in Lake Angelus, 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 Oakland 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 Oakland 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 Lake Angelus.
For example, the median home price in Lake Angelus is $1,285,420, with tax bills ranging significantly across the county. 48326 has the highest median home price at $1,285,420.
Property Tax Assessment Values Across Lake Angelus, Oakland County, Michigan
Source: Ownwell
$3,200
$684,440
$1,365,680
Median Lake Angelus Market Value
$1,365,680
Median Oakland County Market Value
$301,920
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lake Angelus, Oakland County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48326 | $324,348 | $1,034,070 | $1,365,680 | $1,803,535 | $2,647,158 |
Source: Ownwell
Property Tax Bills Across Lake Angelus, Oakland County, Michigan
Median Lake Angelus Tax Bill
$16,957
Median Oakland County Tax Bill
$3,235
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Lake Angelus, Oakland County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48326 | $2,963 | $10,640 | $16,957 | $24,712 | $37,131 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Oakland Tax Assessor | |
| Website | app.regrid.com |