Lake Ann, Benzie County, Michigan Property Taxes
Property Taxes in Lake Ann, Michigan
Median Lake Ann, Michigan effective property tax rate: 0.27%, significantly lower than the national median of 1.02%, and lower than the Michigan state median of 1.05%.
Median Lake Ann, Michigan home value: $309,400
Median annual Lake Ann, Michigan tax bill: $875, lower than the national median property tax bill of $2,400.
How are property taxes in Benzie calculated?
Property taxes in Lake Ann, Michigan 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 Ann's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lake Ann, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Lake Ann, Benzie County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.27%
Estimate Property Tax Bill
$835
$775
How Does the Lake Ann Property Tax Calculator Work?
Use this Lake Ann property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Lake Ann's median effective tax rate of 0.27% — based on actual property records in Benzie County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Lake Ann's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Lake Ann: rates range from 0.27% in 49650 to 0.27% in 49650, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Lake Ann.
About Lake Ann Property Taxes
About Property Taxes in Lake Ann, Benzie, Michigan
Lake Ann's median effective property tax rate of 0.27% is lower than the Michigan state median of 1.05% and lower than the national median of 1.02%. This rate reflects the Benzie County base levy combined with local school district levies and tax increment finance districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Lake Ann. Homeowners in the 49650 ZIP code carry a median effective rate of 0.27%, while those in the same ZIP code pay 0.27%. This spread reflects how school district boundaries and local assessment districts are drawn across Benzie County. Understanding which part of Lake Ann you live in can make a meaningful difference to your annual tax bill.
Lake Ann homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the March 9, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Lake Ann, Benzie County, Michigan
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services 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.
Below, you can compare Lake Ann's effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S.
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 Ann Tax Rate
0.27%
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 Benzie County Tax Rate
0.30%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lake Ann, Benzie County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49650 | 0.21% | 0.24% | 0.27% | 0.34% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Lake Ann, Benzie County, Michigan
When examining property taxes in Lake Ann, 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 Benzie County assessor 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 Benzie County, assessment notices are sent in February each year. They'll typically reach your mailbox by the middle of February.
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. For Lake Ann, the median home price is $309,400, and the median property tax bill is $875, well below the national median property tax bill of $2,400. The median tax bill is also below the national median property tax rate of 1.02%.
Property Tax Assessment Values Across Lake Ann, Benzie County, Michigan
Source: Ownwell
$143,000
$295,300
$447,600
Median Lake Ann Market Value
$309,400
Median Benzie County Market Value
$304,000
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lake Ann, Benzie County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49650 | $158,480 | $230,000 | $309,400 | $413,400 | $608,800 |
Source: Ownwell
Property Tax Bills Across Lake Ann, Benzie County, Michigan
Lake Ann property tax bills are calculated from the assessed value of a home and the local tax rate set by taxing authorities in Benzie County. The amount a homeowner owes is based on how the property is valued for tax purposes, along with the millage rates applied by local governments and school districts. When the assessed value rises, the tax bill can increase as well, even if the home is not sold.
For Lake Ann homeowners, property taxes can have a meaningful impact on annual housing costs. The median home price is $309,400, and tax bills vary across the area, with the 25th percentile at $596, the 75th percentile at $1,244, and the 90th percentile at $1,770. The median tax bill in ZIP code 49650 is $875.00. These bills help fund local services, but they also add to the cost of owning a home, making it important for homeowners to understand how their property is assessed and taxed.
Median Lake Ann Tax Bill
$875
Median Benzie County Tax Bill
$935
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Lake Ann, Benzie County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49650 | $427 | $596 | $875 | $1,244 | $1,770 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 9 |
Links | |
|---|---|
| Benzie Tax Assessor | |
| Website | bsaonline.com |