Lakeport, St. Clair County, Michigan Property Taxes
Median Lakeport, MI effective property tax rate: 0.72%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Lakeport, MI home value: $193,300
Median annual Lakeport, MI tax bill: $1,296, $1,104 lower than the national median property tax bill of $2,400.
How are property taxes in St. Clair calculated?
Property taxes in Lakeport, 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 Lakeport’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lakeport, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lakeport, St. Clair County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.62%
Estimate Property Tax Bill
$1,562
$1,450
Property Tax Rates Across Lakeport, St. Clair County, Michigan
Local government entities set tax rates, which can vary widely within a state. This variation is due to the fact that each county estimates its required budget to provide services annually and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Lakeport, located in St. Clair County, Michigan, the effective property tax rate is notably lower than the national median of 1.02%. This is beneficial for homeowners in Lakeport, as it means the property tax burden is less than what many others across the United States experience. Michigan's median property tax rate is also lower than the national average, providing a more favorable environment for property owners in the state.
Comparing Lakeport’s effective property tax rate to other cities in Michigan, you’ll find that it aligns with the state’s trend of maintaining relatively low property tax rates. This makes Lakeport an attractive option for those looking to minimize their property tax expenses while enjoying the benefits of homeownership in a region with budget-conscious tax policies.
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 Lakeport Tax Rate
0.62%
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 St. Clair County Tax Rate
0.72%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lakeport, St. Clair County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48059 | 0.43% | 0.47% | 0.62% | 0.90% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Lakeport, St. Clair County, Michigan
When examining property taxes in Lakeport, 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 St. Clair 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 St. Clair 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 Lakeport. For example, the median home price in Lakeport is $193,300, with tax bills ranging significantly across the county. Zip code 48059 has the highest median home price at $193,300.
Property Tax Assessment Values Across Lakeport, St. Clair County, Michigan
Source: Ownwell
$54,200
$198,700
$343,200
Median Lakeport Market Value
$252,000
Median St. Clair County Market Value
$214,800
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lakeport, St. Clair County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48059 | $107,200 | $155,200 | $252,000 | $411,300 | $503,800 |
Source: Ownwell
Property Tax Bills Across Lakeport, St. Clair County, Michigan
In Lakeport, located in St. Clair County, MI, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value, which is typically a percentage of the property's market value. Homeowners in Lakeport experience a median property tax bill lower than the national median of $2,400, with the 75th percentile reaching $2,371. Factors influencing the tax bill include changes in home value and local tax rates. These taxes can significantly impact household budgets, especially when property values increase.
Homeowners often face challenges in ensuring their property is accurately assessed. This is where Ownwell can assist. By providing expert property tax appeal services, Ownwell helps homeowners potentially reduce their tax bills. Our team analyzes property assessments to identify discrepancies or overvaluations. By appealing these assessments, homeowners may achieve considerable savings. Ownwell's expertise ensures that homeowners in Lakeport are not overpaying on their property taxes, offering peace of mind and financial relief.
Median Lakeport Tax Bill
$1,455
Median St. Clair County Tax Bill
$1,650
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Lakeport, St. Clair County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48059 | $636 | $894 | $1,455 | $2,784 | $4,860 |
Source: Ownwell