Long Lake, Iosco County, Michigan Property Taxes
Property Taxes in Long Lake, Michigan
Median Long Lake, Michigan effective property tax rate: 0.83%, significantly lower than the national median of 1.02%, and lower than the Michigan state median of 1.05%.
Median Long Lake, Michigan home value: $87,800
Median annual Long Lake, Michigan tax bill: $733, lower than the national median property tax bill of $2,400.
How are property taxes in Iosco calculated?
Property taxes in Long 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 Long Lake's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Long Lake, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Long Lake, Iosco County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.83%
Estimate Property Tax Bill
$729
$676
How Does the Long Lake Property Tax Calculator Work?
Use this Long Lake property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Long Lake's median effective tax rate of 0.83% — based on actual property records in Iosco County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal 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 Long Lake'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 Long Lake: rates range from 0.83% in 48743 to 0.83% in 48743, 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 Long Lake.
About Long Lake Property Taxes
About Property Taxes in Long Lake, Iosco, Michigan
Long Lake’s median effective property tax rate of 0.83% is higher than the Michigan state median of 1.05% and lower than the national median of 1.02%. This rate reflects the Iosco 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 Long Lake. Homeowners in the 48743 ZIP code carry a median effective rate of 0.83%, while those in 48743 pay 0.83%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Iosco County. Understanding which part of Long Lake you live in can make a meaningful difference to your annual tax bill.
Long 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 Long Lake, Iosco 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 Long 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 Long Lake Tax Rate
0.83%
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 Iosco County Tax Rate
1.10%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Long Lake, Iosco County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48743 | 0.67% | 0.71% | 0.83% | 1.29% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Long Lake, Iosco County, Michigan
When examining property taxes in Long 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 Iosco County assessment office 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 are sent in the spring each year and typically reach mailboxes by the middle of the month. 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 Long Lake is $87,800, with a median tax bill of $733. The highest median home price is in 48743 at $87,800.
Property Tax Assessment Values Across Long Lake, Iosco County, Michigan
Source: Ownwell
$86,100
$146,050
$206,000
Median Long Lake Market Value
$87,800
Median Iosco County Market Value
$135,400
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Long Lake, Iosco County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48743 | $31,800 | $42,800 | $87,800 | $130,800 | $213,800 |
Source: Ownwell
Property Tax Bills Across Long Lake, Iosco County, Michigan
Property tax bills in Long Lake are calculated from the assessed value of a home and the local tax rate set by taxing authorities. The assessed value is based on the market value of the property, and that value is then multiplied by the applicable millage rates to determine the annual bill.
Several factors can affect the final amount homeowners pay, including the home’s value, local government budgets, school funding, and any exemptions that may lower taxable value. In Long Lake, the median home price is $87,800, and property tax bills can vary widely across households.
The 25th percentile tax bill is $435, while the 75th percentile tax bill is $1,135 and the 90th percentile tax bill is $1,687. The median tax bill in the area is $733, which is well below the national median property tax bill of $2,400. For homeowners, this means property taxes can be a meaningful part of housing costs, but bills in Long Lake are generally lower than the national norm.
Median Long Lake Tax Bill
$733
Median Iosco County Tax Bill
$1,419
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Long Lake, Iosco County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48743 | $258 | $435 | $733 | $1,135 | $1,687 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 9 |
Links | |
|---|---|
| Iosco Tax Assessor | |
| Website | bsaonline.com |