Lake Leelanau, Leelanau County, Michigan Property Taxes
Property Taxes in Lake Leelanau, Michigan
Median Lake Leelanau, Michigan effective property tax rate: 0.65%, significantly lower than the national median of 1.02%, and lower than the Michigan state median of 1.05%.
Median Lake Leelanau, Michigan home value: $651,400
Median annual Lake Leelanau, Michigan tax bill: $4,122, $1,722 higher than the national median property tax bill of $2,400.
How are property taxes in Leelanau calculated?
Property taxes in Lake Leelanau, 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 Lake Leelanau's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lake Leelanau, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Lake Leelanau, Leelanau County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.65%
Estimate Property Tax Bill
$4,234
$3,929
How Does the Lake Leelanau Property Tax Calculator Work?
Use this Lake Leelanau property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Lake Leelanau's median effective tax rate of 0.65% — based on actual property records in Leelanau County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessor uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Lake Leelanau'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 Lake Leelanau: rates range from 0.65% in 49653 to 0.65% in 49653, 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 Lake Leelanau.
About Lake Leelanau Property Taxes
About Property Taxes in Lake Leelanau, Leelanau, Michigan
Lake Leelanau's median effective property tax rate of 0.65% is lower than the Michigan state median of 1.05% and lower than the national median of 1.02%. This rate reflects the Leelanau 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 Lake Leelanau. Homeowners in the 49653 ZIP code carry a median effective rate of 0.65%, while those in the same ZIP code pay 0.65%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Leelanau County. Understanding which part of Lake Leelanau you live in can make a meaningful difference to your annual tax bill.
Lake Leelanau homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the April 6, 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 Lake Leelanau, Leelanau 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 Lake Leelanau'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 Lake Leelanau Tax Rate
0.65%
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 Lake Leelanau, Leelanau County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49653 | 0.37% | 0.49% | 0.65% | 0.83% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Lake Leelanau, Leelanau County, Michigan
When examining property taxes in Lake Leelanau, Michigan, understanding the distinction between market value and assessed value is crucial.
The market value is what a willing buyer would pay a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. Leelanau County 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 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 Leelanau County are sent in February each year. They typically reach your mailbox 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. The median home price in Lake Leelanau is $651,400, and the median tax bill is $4,122, compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400.
Property Tax Assessment Values Across Lake Leelanau, Leelanau County, Michigan
Source: Ownwell
$417,000
$786,300
$1,155,600
Median Lake Leelanau Market Value
$651,400
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 Lake Leelanau, Leelanau County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49653 | $213,084 | $333,200 | $651,400 | $1,255,200 | $2,065,200 |
Source: Ownwell
Property Tax Bills Across Lake Leelanau, Leelanau County, Michigan
Lake Leelanau Property Tax Bills
Property tax bills in Lake Leelanau are based on the assessed value of a home, not its market price alone. Local taxing authorities apply the property tax rate to the assessed value to determine the annual bill, and that amount can change when assessments, exemptions, or local rates change. For homeowners, this means a higher assessed value can lead to a larger tax bill, while eligible exemptions may help reduce what is owed.
The median home price in Lake Leelanau is $651,400, and the median property tax bill is $4,122, which is above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Tax bills vary widely across the area, with the 25th percentile at $2,036, the 75th percentile at $8,059, and the 90th percentile at $13,997.
Median Lake Leelanau Tax Bill
$4,122
Median Leelanau County Tax Bill
$3,416
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Lake Leelanau, Leelanau County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49653 | $1,280 | $2,036 | $4,122 | $8,059 | $13,997 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 6 |
Links | |
|---|---|
| Leelanau Tax Assessor | |
| Website | www.leelanau.gov |