Cedar, Leelanau County, Michigan Property Taxes
Median CEDAR, MI effective property tax rate: 0.39%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median CEDAR, MI home value: $300,800
Median annual CEDAR, MI tax bill: $1,244, $1,156 lower than the national median property tax bill of $2,400.
How are property taxes in Leelanau calculated?
Property taxes in CEDAR, MI 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 CEDAR’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in CEDAR, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cedar, Leelanau County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.57%
Estimate Property Tax Bill
$2,377
$2,206
Property Tax Rates Across Cedar, Leelanau County, Michigan
Local government entities set tax rates, which can vary widely within a state. 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 Cedar’s effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S.
Cedar in Leelanau County boasts a notably low effective property tax rate of 0.39%, which is significantly below the national median property tax rate of 1.02%. This makes Cedar an attractive location for homeowners seeking to minimize their property tax burden. The median property tax bill in Cedar is also considerably lower than the national median of $2,400, offering potential savings for residents. When considering a move or investment in property, Cedar’s favorable tax rate is an important factor that could contribute to long-term financial benefits.
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 Cedar Tax Rate
0.57%
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 Leelanau County Tax Rate
0.63%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cedar, Leelanau County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49621 | 0.36% | 0.45% | 0.57% | 0.77% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Cedar, Leelanau County, Michigan
When examining property taxes in Cedar, MI, 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 Leelanau County appraisal district 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.
In Leelanau 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. 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 Cedar. For example, the median home price in Cedar is $300,800, with tax bills ranging significantly across the county. Zip code 49621 has the highest median home price at $300,800.
Property Tax Assessment Values Across Cedar, Leelanau County, Michigan
Source: Ownwell
$417,000
$786,300
$1,155,600
Median Cedar Market Value
$417,000
Median Leelanau County Market Value
$534,300
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cedar, Leelanau County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49621 | $192,760 | $277,000 | $417,000 | $624,200 | $929,520 |
Source: Ownwell
Property Tax Bills Across Cedar, Leelanau County, Michigan
In Cedar, located in Leelanau County, MI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the market value, which is determined by local assessors. Homeowners in Cedar face a median property tax rate that is reflective of the broader Michigan average. The median property tax bill in Cedar is $1,244, which is lower than the national median of $2,400. This can be a relief for homeowners, but there are still opportunities for savings.
Factors such as location, property size, and improvements can influence the assessed value, impacting the tax bill. Ownwell offers services to help homeowners in Cedar by providing property tax appeals and exemption guidance. By analyzing your property’s assessment and comparing it with similar properties, Ownwell can identify discrepancies and potentially lower your tax bill. With expertise in navigating local tax laws, Ownwell ensures that homeowners pay only their fair share, maximizing their savings year after year.
Median Cedar Tax Bill
$2,372
Median Leelanau County Tax Bill
$3,416
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Cedar, Leelanau County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49621 | $970 | $1,473 | $2,372 | $3,918 | $6,299 |
Source: Ownwell