Leelanau County Property Taxes
The median property tax rate in Leelanau is 0.48%, which is significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Leelanau, the typical annual property tax bill reaches $1,958, well below the national median of $2,690. Property taxes in Leelanau are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Leelanau's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Traverse City or another part of Leelanau, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Leelanau County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$2,140
Ownwell’s Leelanau County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Leelanau County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Leelanau County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Leelanau County, Michigan
Property taxes in Leelanau play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Leelanau is 0.48%, which is lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Leelanau set these rates annually, and they can vary significantly between different areas within the county. Each year, Leelanau estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Leelanau's effective property tax rate with other counties in Michigan and the national median. For comparison, the city of Omena has one of the higher property tax rates in Michigan at 0.71%, while the city of Traverse City boasts one of the lowest at 0.58%. Analyzing how Leelanau's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Leelanau County Tax Rate
0.48%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leelanau County, Michigan
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cedar | 0.24% | 0.30% | 0.39% | 0.57% | 0.82% |
| Empire | 0.20% | 0.26% | 0.32% | 0.38% | 0.44% |
| Glen Arbor | 0.20% | 0.28% | 0.36% | 0.41% | 0.47% |
| Lake Leelanau | 0.37% | 0.48% | 0.61% | 0.79% | 1.11% |
| Leland | 0.32% | 0.47% | 0.65% | 0.96% | 1.16% |
| Maple City | 0.19% | 0.25% | 0.31% | 0.39% | 0.51% |
| Northport | 0.36% | 0.46% | 0.69% | 1.02% | 1.29% |
| Omena | 0.36% | 0.49% | 0.71% | 1.01% | 1.29% |
| Suttons Bay | 0.37% | 0.46% | 0.62% | 1.14% | 1.55% |
| Traverse City | 0.36% | 0.47% | 0.58% | 0.83% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Leelanau County, Michigan
Understanding the difference between "market value" and "assessed value" is essential for comprehending property taxes in Leelanau. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering factors like location, property condition, and current economic trends. For tax purposes, this value is estimated by the Leelanau Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. This assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Leelanau are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Leland has the highest median tax bill at $5,163, while Maple City has the lowest at $1,176. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Leelanau County, Michigan
Source: Ownwell
$171,200
$482,650
$794,100
Average Leelanau County Assessed Value
$389,200
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Leelanau County, Michigan
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cedar | $126,920 | $199,600 | $300,800 | $472,000 | $734,840 |
| Empire | $141,900 | $257,350 | $398,900 | $726,950 | $1,282,300 |
| Glen Arbor | $111,200 | $216,400 | $489,200 | $803,850 | $1,923,360 |
| Lake Leelanau | $154,600 | $243,200 | $470,800 | $972,000 | $1,604,600 |
| Leland | $306,840 | $450,950 | $794,100 | $1,538,100 | $2,355,760 |
| Maple City | $135,600 | $221,900 | $362,700 | $627,050 | $1,332,600 |
| Northport | $132,260 | $232,950 | $432,700 | $794,450 | $1,269,500 |
| Omena | $195,100 | $310,450 | $577,500 | $827,850 | $1,115,800 |
| Suttons Bay | $10,000 | $220,000 | $370,420 | $625,000 | $940,500 |
| Traverse City | $129,820 | $213,200 | $333,300 | $546,000 | $811,000 |
Source: Ownwell
Property Tax Bills Across Leelanau County, Michigan
Property tax bills in Leelanau County, MI, are calculated based on the assessed value of a property, which is typically a percentage of its market value. Local tax authorities determine the assessed value, and this figure is then multiplied by the local tax rate to calculate the tax bill. In Leelanau County, the tax rate can vary significantly, leading to a wide range of tax bills. For instance, the 25th percentile tax bill is $1,063, while the 75th percentile tax bill reaches $3,938, and the 90th percentile tax bill can go up to $7,381. The median home price in the county stands at $389,200, which is higher than the national median. Homeowners in cities like Leland experience the highest median tax bills at $5,163, while those in Maple City see the lowest at $1,176. This variation affects homeowners differently, depending on their property's assessed value and the specific tax rate applied in their locality. Understanding these factors is crucial for homeowners to anticipate their annual property tax obligations.
Average Leelanau County Tax Bill
$1,958
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Leelanau County, Michigan
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cedar | $442 | $763 | $1,244 | $2,133 | $3,549 |
| Empire | $409 | $769 | $1,304 | $2,264 | $3,969 |
| Glen Arbor | $407 | $762 | $1,598 | $2,844 | $5,026 |
| Lake Leelanau | $884 | $1,434 | $2,944 | $5,955 | $10,548 |
| Leland | $1,686 | $2,794 | $5,163 | $9,450 | $16,416 |
| Maple City | $396 | $668 | $1,176 | $2,306 | $4,417 |
| Northport | $834 | $1,461 | $2,836 | $5,688 | $10,229 |
| Omena | $1,103 | $2,260 | $3,892 | $6,284 | $9,511 |
| Suttons Bay | $747 | $1,340 | $2,673 | $4,740 | $7,994 |
| Traverse City | $872 | $1,226 | $1,953 | $3,627 | $6,294 |
Source: Ownwell
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