Lawton, Michigan Property Taxes
The median property tax rate in Lawton, MI is 0.38%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Lawton at $149,800, the typical annual property tax bill is $522, well below the national median of $2,690. Property taxes in Lawton are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lawton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Lawton or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lawton, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.38%
Estimate Property Tax Bill
$569
Ownwell’s Lawton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lawton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lawton to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Lawton, Michigan
Property taxes in Lawton, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lawton is 1.45%, significantly higher than both the Michigan state median of 1.31% and the U.S. national median of 0.99%. Local government entities within Lawton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lawton estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Lawton's effective property tax rate to other counties in Michigan and the national median. For comparison, 49079 has the highest median property tax rate of 2.01%, while 49065 has the lowest median tax rate of 1.12%. Understanding how these cities compare with Lawton provides valuable insights into the varying tax landscape across Van Buren County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lawton Tax Rate
0.38%
Average Cass County Tax Rate
0.39%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lawton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49065 | 0.31% | 0.32% | 0.38% | 0.43% | 0.46% |
Source: Ownwell
Property Tax Assessment Values Across Lawton, Michigan
In Lawton, Michigan, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Cass County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Lawton, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Lawton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Lawton are both $522.00, found in the 49065 zip code.
Average Lawton Assessed Value
$149,800
Average Cass County Assessed Value
$171,400
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lawton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49065 | $75,600 | $85,800 | $149,800 | $177,200 | $222,360 |
Source: Ownwell
Property Tax Bills Across Lawton, Michigan
In Lawton, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the Cass County Assessor's Office. The assessed value is typically a percentage of the property's market value. Homeowners in Lawton pay property taxes that contribute to local services such as schools, infrastructure, and emergency services. For example, with a median home price of $149,800, the property tax bill for a typical home can vary significantly. The 25th percentile tax bill is around $358, while the 75th percentile reaches up to $725. At the 90th percentile, homeowners might see tax bills as high as $911. These tax rates can impact homeowners by influencing their overall housing costs and potentially affecting their decisions to buy or sell property. Compared to the national median property tax rate of 0.99%, Lawton offers relatively affordable property taxes, making it an attractive location for potential homeowners looking for lower tax burdens.
Average Lawton Tax Bill
$522
Average Cass County Tax Bill
$696
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Lawton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49065 | $283 | $358 | $522 | $725 | $911 |
Source: Ownwell