Twin Lake, Muskegon County, Michigan Property Taxes

Name: Property Tax Bills Across Twin Lake, Muskegon County, Michigan
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Twin Lake, MI effective property tax rate: 0.40%, significantly lower than the national median of 1.02%, and also lower than the Michigan state median of 1.07%.
Median Twin Lake, MI home value: $176,400
Median annual Twin Lake, MI tax bill: $791, $1,609 lower than the national median property tax bill of $2,400.

How are property taxes in Muskegon calculated?

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

Last Updated March 1, 2025

Twin Lake, Muskegon County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.4%

Estimate Property Tax Bill

$706

$655

Ownwell’s Twin Lake Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Twin Lake with just two data points. By entering your property's estimated assessed value, our calculator applies Twin Lake’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Muskegon County — reflects any exemptions you may have, ensuring a 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 Muskegon. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Twin Lake, Muskegon County, Michigan

Local government entities determine tax rates, which can vary significantly across Michigan. Each year, counties like Muskegon estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This process results in the property tax rate. While votes and legislation play a role in setting these rates and budgets, this is the core of the annual procedure.

In Twin Lake, located in Muskegon County, the effective property tax rate stands at 0.40%. This rate is notable when compared to Michigan's median property tax rate and the national median rate of 1.02%. The property tax rate in Twin Lake is significantly lower than the national average, making it an attractive location for those looking to minimize their property tax burden. Understanding these rates is crucial for property owners aiming to make informed decisions about their investments. By comparing Twin Lake's rates to both state and national figures, property owners can better assess the financial implications of their real estate choices.

Property Tax Rates Across Twin Lake, Muskegon County, Michigan

Source: Ownwell

0.34%

0.85%

1.37%

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 Twin Lake Tax Rate

0.40%

Median Effective Muskegon County Tax Rate

0.47%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Twin Lake, Muskegon County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49457	0.31%	0.35%	0.40%	0.50%	0.59%

Source: Ownwell

Property Tax Assessment Values Across Twin Lake, Muskegon County, Michigan

When examining property taxes in Twin Lake, 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 Muskegon County appraisal district 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 Muskegon 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 Twin Lake. For example, the median home price in Twin Lake is $176,400, with tax bills ranging significantly across the county. 49457 has the highest median home price at $176,400.

Property Tax Assessment Values Across Twin Lake, Muskegon County, Michigan

Source: Ownwell

$62,400

$178,450

$294,500

Median Twin Lake Market Value

$176,400

Median Muskegon County Market Value

$163,000

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Twin Lake, Muskegon County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49457	$40,200	$108,200	$176,400	$255,000	$336,800

Source: Ownwell

Property Tax Bills Across Twin Lake, Muskegon County, Michigan

In Twin Lake, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is a percentage of the market value, and the tax rate is applied to this assessed value. Homeowners in Twin Lake experience a median property tax bill of $791, which is significantly lower than the national median of $2,400. This makes it an attractive location for homeowners seeking affordability. However, tax bills can vary, with the 25th percentile at $473 and the 90th percentile reaching $1,580, indicating a range of potential costs based on property characteristics and location. Factors such as property size, improvements, and neighborhood can influence the assessed value, affecting the overall tax bill. Ownwell can assist homeowners in Twin Lake by providing expert property tax appeal services, ensuring that their property is assessed fairly. By identifying potential discrepancies and filing appeals, Ownwell helps homeowners reduce their tax liabilities, potentially saving them hundreds of dollars annually.

Property Tax Bills Across Twin Lake, Muskegon County, Michigan

Source: Ownwell

$393

$1,357

$2,321

Median Twin Lake Tax Bill

$791

Median Muskegon County Tax Bill

$841

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Twin Lake, Muskegon County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49457	$231	$473	$791	$1,151	$1,580

Source: Ownwell