Lawton, Michigan Property Taxes
The median property tax rate in Lawton, MI is 0.40%, 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 $260,600, the typical annual property tax bill is $1,089, well below the national median of $2,690. Property taxes in Lawton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as 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
0.4%
Estimate Property Tax Bill
$1,042
$967
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 1.54%, 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, the 49097 zip code has the highest median property tax rate of 1.54%, while the 49079 zip code has the lowest median tax rate of 1.31%. Understanding how these cities compare with Lawton provides valuable insights into the varying tax landscape across Kalamazoo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lawton Tax Rate
0.40%
Average Kalamazoo County Tax Rate
0.87%
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 | 0.30% | 0.36% | 0.40% | 0.44% | 0.53% |
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 Kalamazoo 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 median tax bill in Lawton is $1089.00 in zip code 49065, while the lowest median tax bill is also $1089.00 in the same zip code.
Average Lawton Assessed Value
$260,600
Average Kalamazoo County Assessed Value
$197,650
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 | $170,600 | $213,250 | $260,600 | $351,200 | $435,740 |
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 typically a percentage of its market value. The local tax rate, applied to this assessed value, determines the annual tax bill. For instance, the median home price in Lawton is $260,600. Homeowners in the 25th percentile can expect a tax bill around $860, while those in the 75th percentile may see a bill closer to $1,332. At the 90th percentile, tax bills can reach up to $1,979. Several factors influence these amounts, including changes in property values, local government budgets, and voter-approved measures. Compared to the national median property tax rate of 0.99%, Lawton's property taxes can be considered moderate. These tax obligations significantly impact homeowners by contributing to local services such as schools, roads, and emergency services, thereby directly affecting community quality and living standards.
Average Lawton Tax Bill
$1,089
Average Kalamazoo County Tax Bill
$1,531
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 | $639 | $860 | $1,089 | $1,332 | $1,979 |
Source: Ownwell