Tustin, Lake County, Michigan Property Taxes
Property Taxes in Tustin, Michigan
Median Tustin, Michigan effective property tax rate: 0.91%, significantly lower than the national median of 1.02%, and lower than the Michigan state median of 1.05%.
Median Tustin, Michigan home value: $158,000
Median annual Tustin, Michigan tax bill: $1,476, $924 lower than the national median property tax bill of $2,400.
How are property taxes in Lake calculated?
Property taxes in Tustin, 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 Tustin's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Tustin, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Tustin, Lake County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.91%
Estimate Property Tax Bill
$1,438
$1,334
How Does the Tustin Property Tax Calculator Work?
Use this Tustin property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Tustin's median effective tax rate of 0.91% — based on actual property records in Lake County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment system uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Tustin'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 Tustin: rates range from 1.47% in 49688 to 1.47% in 49688, 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 Tustin.
About Tustin Property Taxes
About Property Taxes in Tustin, Lake, Michigan
Tustin’s median effective property tax rate of 0.91% is lower than the Lake County median of 1.05% and higher 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 Tustin. Homeowners in the 49688 ZIP code carry a median effective rate of 0.91%, and the same ZIP code also has a median tax bill of $1,476. This reflects how school district boundaries and local assessment districts are drawn across Lake County. Understanding which part of Tustin you live in can make a meaningful difference to your annual tax bill.
Tustin 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 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 Tustin, 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 Tustin'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 Tustin Tax Rate
0.91%
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 Tustin, Lake County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49688 | 0.63% | 0.77% | 0.91% | 1.25% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Tustin, Lake County, Michigan
When examining property taxes in Tustin, 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 March 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 Tustin.
For example, the median home price in Tustin is $158,000, with tax bills ranging significantly across the county. 49688 has the highest median home price at $158,000.
Property Tax Assessment Values Across Tustin, Lake County, Michigan
Source: Ownwell
$67,600
$115,900
$164,200
Median Tustin Market Value
$158,000
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 Tustin, Lake County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49688 | $47,760 | $95,000 | $158,000 | $235,400 | $413,080 |
Source: Ownwell
Property Tax Bills Across Tustin, Lake County, Michigan
Property tax bills in Tustin are calculated by applying the local tax rate to a home’s assessed value, which is based on the property’s market value and other local factors. For homeowners, that means the tax bill can rise or fall as the assessed value changes, even if the home itself has not changed much. In Lake County, the median home price is $158,000, and the median property tax bill is $1,476 in ZIP code 49688. That amount is below the national median property tax bill of $2,400 and also below the national median property tax rate of 1.02%.
Bills vary widely across homeowners, with the 25th percentile at $962 and the 75th percentile at $2,188. At the 90th percentile, bills reach $3,899, showing how much assessed value and local tax rates can affect what a homeowner owes each year.
Median Tustin Tax Bill
$1,476
Median Lake County Tax Bill
$1,026
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Tustin, Lake County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49688 | $561 | $962 | $1,476 | $2,188 | $3,899 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 9 |
Links | |
|---|---|
| Lake Tax Assessor | |
| Website | bsaonline.com |