Branch, Lake County, Michigan Property Taxes
Property Taxes in Branch, Michigan
Median Branch, Michigan effective property tax rate: 0.78%, significantly lower than the national median of 1.02%, and lower than the Michigan state median of 1.05%.
Median Branch, Michigan home value: $158,800
Median annual Branch, Michigan tax bill: $1,182, $1,218 lower than the national median property tax bill of $2,400.
How are property taxes in Lake calculated?
Property taxes in Branch, 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 Branch's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Branch, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Branch, Lake County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.78%
Estimate Property Tax Bill
$1,239
$1,149
How Does the Branch Property Tax Calculator Work?
Use this Branch property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Branch's median effective tax rate of 0.78% — based on actual property records in Lake 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 Branch'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 Branch: rates range from 1182.00 in 49402 to 1182.00 in 49402, 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 Branch.
About Branch Property Taxes
About Property Taxes in Branch, Lake, Michigan
Branch’s median effective property tax rate of 0.78% is lower than the Michigan state median of 1.05% and lower than the national median of 1.02%. This rate reflects the Lake 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 Branch. Homeowners in the 49402 ZIP code carry a median effective rate of 0.78%, while those in the same ZIP also pay 0.78%. This spread reflects how school district boundaries and local assessment districts are drawn across Lake County. Understanding which part of Branch you live in can make a meaningful difference to your annual tax bill.
Branch homeowners who believe their assessed value is too high can file a formal appeal with the 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 Branch, Lake 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 Branch'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 Branch Tax Rate
0.78%
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 County Tax Rate
0.99%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Branch, Lake County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49402 | 0.48% | 0.60% | 0.78% | 1.08% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Branch, Lake County, Michigan
When examining property taxes in Branch, 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 Lake 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 Lake 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. For example, the median home price in Branch is $158,800, with a median tax bill of $1,182. The highest median home price is in 49402 at $158,800.
Property Tax Assessment Values Across Branch, Lake County, Michigan
Source: Ownwell
$67,600
$115,900
$164,200
Median Branch Market Value
$158,800
Median Lake County Market Value
$112,000
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Branch, Lake County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49402 | $45,800 | $84,100 | $158,800 | $263,100 | $405,160 |
Source: Ownwell
Property Tax Bills Across Branch, Lake County, Michigan
Property tax bills in Branch are based on the assessed value of a home and the local property tax rate set by taxing authorities in Lake County, Michigan. When a home’s market value changes, the assessed value can change too, which affects the final bill homeowners receive. The tax bill is calculated by applying the local tax rate to the assessed value, so higher-valued homes generally owe more.
For Branch homeowners, the median home price is $158,800, and the median property tax bill is $1,182. That is below the national median property tax bill of $2,400 and also below the national median property tax rate of 1.02%. Bills can still vary widely, though, with the 25th percentile at $655 and the 75th percentile at $1,918.
Because taxes are tied to assessed value, homeowners should pay attention to whether their assessment reflects current market conditions. A higher assessment can increase the bill, while a lower one can reduce it.
Median Branch Tax Bill
$1,182
Median Lake County Tax Bill
$1,026
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Branch, Lake County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49402 | $360 | $655 | $1,182 | $1,918 | $3,391 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 9 |
Links | |
|---|---|
| Lake Tax Assessor | |
| Website | bsaonline.com |