Walloon Lake, Charlevoix County, Michigan Property Taxes
Property Taxes in Walloon Lake, Michigan
Median Walloon Lake, Michigan effective property tax rate: 0.72%, significantly lower than the national median of 1.02%, and lower than the Michigan state median of 1.05%.
Median Walloon Lake, Michigan home value: $578,400
Median annual Walloon Lake, Michigan tax bill: $5,379, $2,979 higher than the national median property tax bill of $2,400.
How are property taxes in Charlevoix calculated?
Property taxes in Walloon Lake, 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 Walloon Lake's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Walloon Lake, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Walloon Lake, Charlevoix County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.72%
Estimate Property Tax Bill
$4,164
$3,865
How Does the Walloon Lake Property Tax Calculator Work?
Use this Walloon Lake property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Walloon Lake's median effective tax rate of 0.72% — based on actual property records in Charlevoix County — to generate your estimate.
Enter your property's estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Walloon Lake's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Walloon Lake's rate is lower than Charlevoix County and lower than Michigan's 1.05% state median tax rate, while the median property tax bill is $5,379. That is $2,979 higher than the state tax bill difference shown in the data.
Your bill may vary by ZIP code within Walloon Lake: rates range from 0.72% in 49796 to 0.72% in 49796. For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Walloon Lake.
About Walloon Lake Property Taxes
About Property Taxes in Walloon Lake, Charlevoix, Michigan
Walloon Lake’s median effective property tax rate of 0.72% is lower than the Michigan state median of 1.05% and lower than the national median of 1.02%. This rate reflects the Charlevoix 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 Walloon Lake. Homeowners in ZIP code 49796 carry a median effective rate of 0.72%, while those in the same ZIP code also pay 0.72%. This spread reflects how school district boundaries and local assessment districts are drawn across Charlevoix County. Understanding which part of Walloon Lake you live in can make a meaningful difference to your annual tax bill.
Walloon Lake 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 Walloon Lake, Charlevoix 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 Walloon Lake'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 Walloon Lake Tax Rate
0.72%
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 Charlevoix County Tax Rate
0.90%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Walloon Lake, Charlevoix County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49796 | 0.36% | 0.50% | 0.72% | 1.14% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Walloon Lake, Charlevoix County, Michigan
When examining property taxes in Walloon Lake, 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 Charlevoix 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 Charlevoix County are sent in February each year. 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 example, the median home price in Walloon Lake is $578,400, with a median tax bill of $5,379. That is well above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.
Property Tax Assessment Values Across Walloon Lake, Charlevoix County, Michigan
Source: Ownwell
$200,000
$389,200
$578,400
Median Walloon Lake Market Value
$578,400
Median Charlevoix County Market Value
$299,800
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Walloon Lake, Charlevoix County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49796 | $233,820 | $313,950 | $578,400 | $1,925,100 | $2,925,400 |
Source: Ownwell
Property Tax Bills Across Walloon Lake, Charlevoix County, Michigan
Property tax bills in Walloon Lake are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. For homeowners, this means the tax bill can change when the value of the home changes or when local taxing authorities adjust rates. In Charlevoix County, the median home price is $578,400, and the median property tax bill is $5,379 in ZIP code 49796.
Several factors affect the final bill, including the home’s assessed value, local millage rates, and any exemptions or special assessments that may apply. Compared with the national median property tax rate of 1.02% and the national median property tax bill of $2,400, homeowners in Walloon Lake often face higher carrying costs. The 25th percentile tax bill is $2,196, while the 75th percentile reaches $12,779, showing how widely bills can vary. For many homeowners, property taxes are a major part of annual housing expenses and can meaningfully affect affordability.
Property Tax Bills Across Walloon Lake, Charlevoix County, Michigan
Source: Ownwell
$1,280
$3,330
$5,379
Median Walloon Lake Tax Bill
$5,379
Median Charlevoix County Tax Bill
$2,666
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Walloon Lake, Charlevoix County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49796 | $1,395 | $2,196 | $5,379 | $12,779 | $22,707 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 9 |
Links | |
|---|---|
| Charlevoix Tax Assessor | |
| Website | bsaonline.com |