Chase, Lake County, Michigan Property Taxes
Property Taxes in Chase, Michigan
Median Chase, Michigan effective property tax rate: 0.76%, significantly lower than the national median of 1.02%, and lower than the Michigan state median of 1.05%.
Median Chase, Michigan home value: $142,400
Median annual Chase, Michigan tax bill: $1,102, $1,298 lower than the national median property tax bill of $2,400.
How are property taxes in Lake calculated?
Property taxes in Chase, 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 Chase's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Chase, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Chase, Lake County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.76%
Estimate Property Tax Bill
$1,082
$1,004
How Does the Chase Property Tax Calculator Work?
Use this Chase property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Chase's median effective tax rate of 0.76% — based on actual property records in Lake 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 Chase'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 Chase: rates range from $1102 in 49623 to $1102 in 49623, 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 Chase.
About Chase Property Taxes
About Property Taxes in Chase, Lake, Michigan
Chase’s median effective property tax rate of 0.76% is lower than the Lake County base levy and higher than the Michigan state median of 1.05%, but 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 Chase. Homeowners in ZIP code 49623 carry a median effective rate of 0.76%, while those in the same ZIP code also pay 0.76%. This reflects how school district boundaries and local assessment districts are drawn across Lake County. Understanding where you live in Chase can make a meaningful difference to your annual tax bill.
Chase 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 Chase, 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 Chase'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 Chase Tax Rate
0.76%
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 Chase, Lake County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49623 | 0.46% | 0.61% | 0.76% | 1.04% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Chase, Lake County, Michigan
When examining property taxes in Chase, 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 assessing 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:
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. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Chase.
For example, the median home price in Chase is $142,400, with tax bills ranging significantly across the county. 49623 has the highest median home price at $142,400.
Property Tax Assessment Values Across Chase, Lake County, Michigan
Source: Ownwell
$67,600
$115,900
$164,200
Median Chase Market Value
$142,400
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 Chase, Lake County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49623 | $44,800 | $82,950 | $142,400 | $230,700 | $329,940 |
Source: Ownwell
Property Tax Bills Across Chase, Lake County, Michigan
Property tax bills in Chase are based on the assessed value of a home and the local tax rate set for Lake County and other taxing authorities. When a property’s market value changes, the assessed value can change too, which may affect the final bill. For a home with a median home price of $142,400, the tax amount can vary widely depending on location, exemptions, and how the property is classified.
For many homeowners, the bill is a major part of annual housing costs. In Chase, the 25th percentile tax bill is $638, while the 75th percentile is $1,792 and the 90th percentile is $2,580. The median tax bill is $1,102, which is below the national median property tax bill of $2,400 and below the national median property tax rate of 1.02%. Because taxes are tied to assessed value, homeowners may see their bills rise or fall as local assessments and rates change.
Median Chase Tax Bill
$1,102
Median Lake County Tax Bill
$1,026
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Chase, Lake County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49623 | $376 | $638 | $1,102 | $1,792 | $2,580 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 9 |
Links | |
|---|---|
| Lake Tax Assessor | |
| Website | bsaonline.com |