Lacota, Van Buren County, Michigan Property Taxes
Median Lacota, MI effective property tax rate: 0.76%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Lacota, MI home value: $69,200
Median annual Lacota, MI tax bill: $596, $1,804 lower than the national median property tax bill of $2,400.
How are property taxes in Van Buren calculated?
Property taxes in Lacota, 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 Lacota’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lacota, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lacota, Van Buren County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.82%
Estimate Property Tax Bill
$649
$603
Property Tax Rates Across Lacota, Van Buren County, Michigan
Local government entities set property tax rates, which can vary widely within a state. This is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While setting tax rates and budgets involves votes and laws, this is the annual process in a nutshell.
In Lacota, located in Van Buren County, Michigan, the effective property tax rate is a key point of interest. Comparing Lacota's property tax rate with other cities in Michigan and the national median offers valuable insights. Michigan's median property tax rate is notably lower than the national median rate of 1.02%. This difference highlights the relative affordability of property taxes in Lacota and across Michigan. Understanding these variances is crucial for homeowners seeking to manage their property tax liabilities effectively. By comparing local rates to state and national figures, property owners can make informed decisions about tax appeals and exemptions, ensuring they are not overpaying on their property taxes.
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 Lacota Tax Rate
0.82%
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 Van Buren County Tax Rate
0.41%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lacota, Van Buren County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49063 | 0.54% | 0.62% | 0.82% | 1.37% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Lacota, Van Buren County, Michigan
When examining property taxes in Lacota, Michigan, 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 Van Buren 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 Van Buren 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 Lacota. For example, the median home price in Lacota is $69,200, with tax bills ranging significantly across the county. 49063 has the highest median home price at $69,200.
Property Tax Assessment Values Across Lacota, Van Buren County, Michigan
Source: Ownwell
$79,200
$179,600
$280,000
Median Lacota Market Value
$79,200
Median Van Buren County Market Value
$204,000
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lacota, Van Buren County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49063 | $7,440 | $60,200 | $79,200 | $100,000 | $116,040 |
Source: Ownwell
Property Tax Bills Across Lacota, Van Buren County, Michigan
Median Lacota Tax Bill
$640
Median Van Buren County Tax Bill
$897
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Lacota, Van Buren County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49063 | $200 | $494 | $640 | $916 | $1,486 |
Source: Ownwell