Leroy, Osceola County, Michigan Property Taxes
Property Taxes in Leroy, Michigan
Median Leroy, Michigan effective property tax rate: 1.14%, significantly higher than the national median of 1.02%, and higher than the Michigan state median of 1.05%.
Median Leroy, Michigan home value: $138,500
Median annual Leroy, Michigan tax bill: $1,455, $945 lower than the national median property tax bill of $2,400.
How are property taxes in Osceola calculated?
Property taxes in Leroy, 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 Leroy's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Leroy, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Leroy, Osceola County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.14%
Estimate Property Tax Bill
$1,579
$1,465
How Does the Leroy Property Tax Calculator Work?
Use this Leroy property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Leroy's median effective tax rate of 1.14% — based on actual property records in Osceola County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Leroy'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 Leroy: rates are 1.14% in 49655, 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 Leroy.
About Leroy Property Taxes
About Property Taxes in Leroy, Osceola, Michigan
Leroy’s median effective property tax rate of 1.14% is higher than the Michigan state median of 1.05% and higher than the national median of 1.02%. This rate reflects the Osceola 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 Leroy. Homeowners in the 49655 ZIP code carry a median effective rate of 1.14%, while those in the same ZIP also pay 1.14%. This reflects how school district boundaries and local assessment districts are drawn across Osceola County. Understanding which part of Leroy you live in can make a meaningful difference to your annual tax bill.
Leroy homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the March 9, 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 Leroy, Osceola 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 Leroy'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 Leroy Tax Rate
1.14%
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 Osceola County Tax Rate
1.14%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Leroy, Osceola County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49655 | 0.71% | 0.86% | 1.14% | 1.52% | 1.95% |
Source: Ownwell
Property Tax Assessment Values Across Leroy, Osceola County, Michigan
When examining property taxes in Leroy, 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 Osceola 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 Osceola County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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 Leroy.
For example, the median home price in Leroy is $138,500, with tax bills ranging significantly across the county. 49655 has the highest median home price at $138,500.
Property Tax Assessment Values Across Leroy, Osceola County, Michigan
Source: Ownwell
$121,400
$143,250
$165,100
Median Leroy Market Value
$138,500
Median Osceola County Market Value
$139,600
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Leroy, Osceola County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49655 | $23,600 | $58,350 | $138,500 | $234,250 | $347,940 |
Source: Ownwell
Property Tax Bills Across Leroy, Osceola County, Michigan
Property tax bills in Leroy are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. The assessed value is then used to determine how much tax a homeowner owes each year, so changes in home value can directly affect the bill. For a home with a median price of $138,500, the property tax burden can vary depending on the final assessment and any local taxing authorities that apply.
In Leroy, property tax bills are shaped by several factors, including the home’s assessed value, local tax rates, and the specific services funded by property taxes in Osceola County. Bills can differ widely from one homeowner to another, with the 25th percentile at $708 and the 75th percentile at $2,554. Higher-value or more heavily taxed homes can see bills reach $4,144 at the 90th percentile, while the median tax bill is $1,455.
Median Leroy Tax Bill
$1,455
Median Osceola County Tax Bill
$1,571
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Leroy, Osceola County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49655 | $306 | $708 | $1,455 | $2,554 | $4,144 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 9 |
Links | |
|---|---|
| Osceola Tax Assessor | |
| Website | bsaonline.com |