Lake Odessa, Ionia County, Michigan Property Taxes
Property Taxes in Lake Odessa, Michigan
Median Lake Odessa, Michigan effective property tax rate: 0.87%, lower than the national median of 1.02%, and lower than the Michigan state median of 1.05%.
Median Lake Odessa, Michigan home value: $185,900
Median annual Lake Odessa, Michigan tax bill: $1,729, lower than the national median property tax bill of $2,400.
How are property taxes in Ionia calculated?
Property taxes in Lake Odessa, 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 Odessa's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lake Odessa, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Lake Odessa, Ionia County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.87%
Estimate Property Tax Bill
$1,617
$1,501
How Does the Lake Odessa Property Tax Calculator Work?
Use this Lake Odessa property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Lake Odessa's median effective tax rate of 0.87% — based on actual property records in Ionia County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment process 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 Odessa'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 Odessa: rates are the same across the area, with both the highest and lowest median property tax bill at $1,729 in 48849.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Lake Odessa.
About Lake Odessa Property Taxes
About Property Taxes in Lake Odessa, Ionia, Michigan
Lake Odessa's median effective property tax rate of 0.87% is lower than the Michigan state median of 1.05% and lower than the national median of 1.02%. This rate reflects the Ionia 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 Odessa. Homeowners in the 48849 ZIP code carry a median effective rate of 0.87%, while those in the same ZIP code pay 0.87%. This spread reflects how school district boundaries and local assessment districts are drawn across Ionia County. Understanding which part of Lake Odessa you live in can make a meaningful difference to your annual tax bill.
Lake Odessa 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 Odessa, Ionia 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 Odessa'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 Odessa Tax Rate
0.87%
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 Ionia County Tax Rate
1.06%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lake Odessa, Ionia County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48849 | 0.63% | 0.73% | 0.87% | 1.14% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Lake Odessa, Ionia County, Michigan
When examining property taxes in Lake Odessa, 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. Ionia County 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 Ionia County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of May.
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. The median home price in Lake Odessa is $185,900, and the median property tax bill is $1,729, compared with the national median property tax rate of 1.02% and the national median property tax bill of $2,400.
Property Tax Assessment Values Across Lake Odessa, Ionia County, Michigan
Source: Ownwell
$92,900
$213,350
$333,800
Median Lake Odessa Market Value
$185,900
Median Ionia County Market Value
$186,400
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lake Odessa, Ionia County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48849 | $92,300 | $133,450 | $185,900 | $277,150 | $404,900 |
Source: Ownwell
Property Tax Bills Across Lake Odessa, Ionia County, Michigan
Property tax bills in Lake Odessa are based on the assessed value of a home and the local tax rate set by taxing authorities. When a property’s market value changes, the assessed value can change too, which affects the final bill. For a home with a median market value of $185,900, the tax bill is shaped by how that value is assessed and by the rates applied in Ionia County.
Homeowners in Lake Odessa should expect bills to vary depending on property characteristics and local levies. The median property tax bill is $1,729.00 in ZIP code 48849, while the 25th percentile is $1,126 and the 75th percentile is $2,607. At the 90th percentile, bills reach $3,805, showing how much taxes can rise for higher-valued or more heavily taxed homes.
Compared with the national median property tax rate of 1.02% and the national median property tax bill of $2,400, Lake Odessa homeowners may see bills that are lower or higher depending on their home’s assessed value and local tax burden.
Median Lake Odessa Tax Bill
$1,729
Median Ionia County Tax Bill
$2,034
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Lake Odessa, Ionia County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48849 | $811 | $1,126 | $1,729 | $2,607 | $3,805 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 9 |
Links | |
|---|---|
| Ionia Tax Assessor | |
| Website | bsaonline.com |