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Lake Orion, Oakland County, Michigan Property Taxes

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Property Taxes in Lake Orion, Michigan

  • Median LAKE ORION, MI effective property tax rate: 1.30%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.

  • Median LAKE ORION, MI home value: $308,870

  • Median annual LAKE ORION, MI tax bill: $3,974, $1,574 higher than the national median property tax bill of $2,400.

How are property taxes in Oakland calculated?

Property taxes in LAKE ORION, 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 LAKE ORION’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in LAKE ORION, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Lake Orion, Oakland County, Michigan Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.91%

Estimate Property Tax Bill

$3,106

$2,883

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

Ownwell’s Lake Orion Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lake Orion with just two data points. By entering your property's estimated assessed value, our calculator applies Lake Orion’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 more 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 Oakland County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lake Orion, Oakland County, Michigan

Local government entities set tax rates, which can vary widely within a state. 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. In Lake Orion, located in Oakland County, MI, the effective property tax rate is notably higher than the national median of 1.02%. Within the area, tax rates can fluctuate slightly, with the highest median tax rate found in the 48359 ZIP code and the lowest in 48360. Comparatively, Michigan's median property tax rate is higher than the national average, which can impact homeowners' annual tax bills significantly. Understanding these variations can help property owners in Lake Orion make informed decisions about their property investments and potential tax liabilities.

Property Tax Rates Across Lake Orion, Oakland County, Michigan

Source: Ownwell

0.50%

1.30%

2.10%

Our median effective property tax rate (tax bill Ă· 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 Orion Tax Rate

0.91%

Our median effective property tax rate (tax bill Ă· 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 Oakland County Tax Rate

1.04%

Median Effective Michigan Tax Rate

1.05%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lake Orion, Oakland County, Michigan

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
483590.65%0.74%0.95%1.11%1.19%
483600.66%0.71%0.85%1.07%1.16%
483620.62%0.72%0.94%1.14%1.51%

Source: Ownwell

Property Tax Assessment Values Across Lake Orion, Oakland County, Michigan

When examining property taxes in Lake Orion, 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 Oakland County Equalization Division 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 Oakland 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 Lake Orion.

For example, the median home price in Lake Orion is $308,870, with tax bills ranging significantly across the county. Zip code 48360 has the highest median home price at $327,060.

Property Tax Assessment Values Across Lake Orion, Oakland County, Michigan

Source: Ownwell

$3,200

$684,440

$1,365,680

Median Lake Orion Market Value

$341,370

Median Oakland County Market Value

$301,920

Median Michigan Market Value

$213,740

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lake Orion, Oakland County, Michigan

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
48359$182,780$224,980$350,040$477,820$556,480
48360$168,210$274,505$362,480$469,220$626,270
48362$171,356$219,720$313,220$469,820$667,112

Source: Ownwell

Property Tax Bills Across Lake Orion, Oakland County, Michigan

In Lake Orion, located in Oakland County, MI, property tax bills are determined based on the assessed value of a home, which is typically a percentage of the property's market value. Homeowners in this area experience a range of tax bills, with the 25th percentile at $2,640 and the 75th percentile reaching $5,967. The 90th percentile tax bill can climb as high as $8,009, reflecting the variation in home values and tax rates. The highest median tax bill in the area is $4,185 in the 48360 zip code, whereas the lowest is $3,814 in the 48362 zip code. These figures are notably higher than the national median property tax bill of $2,400. Such variations can significantly impact homeowners, especially those with higher assessed values. Ownwell can assist homeowners by providing expert property tax appeal and exemption services. By analyzing the assessed value and identifying potential discrepancies, Ownwell helps homeowners reduce their tax burden, ensuring they pay a fair and accurate amount.

Property Tax Bills Across Lake Orion, Oakland County, Michigan

Source: Ownwell

$69

$8,513

$16,957

Median Lake Orion Tax Bill

$3,143

Median Oakland County Tax Bill

$3,235

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Lake Orion, Oakland County, Michigan

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
48359$1,294$1,930$3,218$4,960$6,017
48360$1,578$2,210$3,203$4,487$5,730
48362$1,428$1,949$3,061$4,687$6,830

Source: Ownwell

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Frequently Asked Property Tax Questions in Lake Orion, Michigan

How are property taxes calculated in Lake Orion, Michigan?
Property taxes in Lake Orion, Michigan are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.
How do I appeal my property taxes in Lake Orion, Michigan?
To appeal your property taxes in Lake Orion, Michigan, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.
What property tax exemptions are available in Lake Orion, Michigan?
Common property tax exemptions in Lake Orion, Michigan include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.
When are property taxes due in Lake Orion, Michigan?
Property tax deadlines in Lake Orion, Michigan vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.
How can Ownwell help reduce my property taxes in Lake Orion, Michigan?
Ownwell provides professional property tax appeal services in Lake Orion, Michigan. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.