Eastlake, Manistee County, Michigan Property Taxes
Median Eastlake, MI effective property tax rate: 1.27%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Eastlake, MI home value: $100,400
Median annual Eastlake, MI tax bill: $1,322, $1,078 lower than the national median property tax bill of $2,400.
How are property taxes in Manistee calculated?
Property taxes in Eastlake, 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 Eastlake’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Eastlake, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Eastlake, Manistee County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.8%
Estimate Property Tax Bill
$1,234
$1,145
Ownwell’s Eastlake Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Eastlake with just two data points.
By entering your property's estimated assessed value, our calculator applies Eastlake’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Manistee County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Eastlake, Manistee 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 Eastlake’s effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S.
Eastlake, located in Manistee County, has an effective property tax rate that can be compared to the state median and the national median. The median property tax rate in Michigan is above the national median property tax rate of 1.02%. This means homeowners in Eastlake may pay more in property taxes compared to the national average, but the rates are consistent with other areas within the state. Understanding how these rates compare can be crucial for property owners when planning their finances and considering potential savings through tax appeals and exemptions.
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 Eastlake Tax Rate
0.80%
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 Manistee County Tax Rate
1.05%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Eastlake, Manistee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49626 | 0.60% | 0.68% | 0.80% | 1.04% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Eastlake, Manistee County, Michigan
When examining property taxes in Eastlake, 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 Manistee 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 Manistee County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Eastlake. For example, the median home price in Eastlake is $100,400, with tax bills ranging significantly across the county. 49626 has the highest median home price at $100,400.
Property Tax Assessment Values Across Eastlake, Manistee County, Michigan
Source: Ownwell
$106,400
$200,600
$294,800
Median Eastlake Market Value
$154,200
Median Manistee County Market Value
$186,000
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Eastlake, Manistee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49626 | $74,000 | $116,200 | $154,200 | $204,800 | $243,600 |
Source: Ownwell
Property Tax Bills Across Eastlake, Manistee County, Michigan
Median Eastlake Tax Bill
$1,240
Median Manistee County Tax Bill
$1,871
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Eastlake, Manistee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49626 | $569 | $898 | $1,240 | $1,673 | $2,286 |
Source: Ownwell