How much are property taxes in Lakes of the North, MI?
Homeowners in Lakes of the North, MI pay a median of $1,654 (±$291) a year in real estate taxes (2020–2024 American Community Survey, table B25103).
Homes with a mortgage pay a median of $1,956.
Homes without a mortgage pay a median of $1,311.
That is about 0.7% of the median home value of $232,100.
In Lakes of the North, the median real estate tax went from $1,128 in 2015–2019 to $1,654 in 2020–2024 (+46.6%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median real estate taxes
- $1,654 (±$291)
- With a mortgage
- $1,956
- Without a mortgage
- $1,311
- Share of median value
- 0.7%
Real estate taxes in Lakes of the North against Antrim County, its state and the nation
| Lakes of the North | Antrim County | Michigan | United States | |
|---|---|---|---|---|
| Median real estate taxes | $1,654 (±$291) | $2,157 (±$124) | $2,904 (±$9) | $3,119 |
| Homes with a mortgage | $1,956 (±$394) | $2,251 (±$134) | $3,152 (±$13) | $3,489 |
| Homes without a mortgage | $1,311 (±$122) | $2,022 (±$170) | $2,593 (±$13) | $2,576 |
| Median home value | $232,100 (±$29,186) | $255,500 (±$11,236) | $231,600 (±$642) | $332,700 |
In Lakes of the North, the median real estate tax is lower than in Antrim County ($2,157).
It is also lower than in Michigan ($2,904).
It is lower than the national figure ($3,119).
Statewide, it ranks 56 of 80.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Taxes as a share of home value in Lakes of the North
The median tax ($1,654) is 0.7% of the median home value ($232,100).
Across Antrim County the same ratio is 0.8%.
Across Michigan it is 1.3%.
This is a ratio of two medians, a rough effective rate: not the tax rate or mill rate the town, county or school district sets, and not any one home’s bill.
Owners report what they paid and what they think their home is worth; the assessor’s office publishes the actual rates and assessments.
How property taxes in Lakes of the North have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median real estate taxes | $1,128 (±$185) | $1,654 (±$291) | +46.6% | No measurable change after inflation |
| Median home value | $92,900 (±$19,879) | $232,100 (±$29,186) | +149.8% | Up after inflation |
| Median owner cost with a mortgage | $1,052 (±$107) | $1,402 (±$258) | +33.3% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median real estate taxes in places near Lakes of the North
| Place | Distance | Median real estate taxes | Compared with this place |
|---|---|---|---|
| Lakes of the North | — | $1,654 (±$291) | — |
| Star Township | 3.9 mi | $1,396 (±$387) | Not measurably different |
| Hayes Township (Otsego County) | 4.3 mi | $1,678 (±$297) | Not measurably different |
| Blue Lake Township (Kalkaska County) | 8.3 mi | $3,696 (±$402) | Higher |
| Chestonia Township | 8.5 mi | $1,243 (±$77) | Lower |
| Mancelona | 8.8 mi | $1,541 (±$198) | Not measurably different |
| Warner Township | 9.8 mi | $1,561 (±$284) | Not measurably different |
| Otsego Lake Township | 11 mi | $1,886 (±$235) | Not measurably different |
| Coldsprings Township | 11 mi | $1,786 (±$344) | Not measurably different |
Nearby places with a measurably lower figure: Chestonia Township, MI ($1,243).
Nearby places with a measurably higher figure: Blue Lake Township (Kalkaska County), MI ($3,696).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Lakes of the North is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
It lies inside Mancelona Township, whose figures include it.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Lakes of the North
How much are property taxes in Lakes of the North?
The median real estate tax paid by homeowners in Lakes of the North, MI is $1,654 (±$291) a year (2020–2024 American Community Survey).
What is the property tax rate in Lakes of the North?
The Census Bureau does not publish tax rates; as a rough guide, the median tax paid is 0.7% of the median home value in Lakes of the North, and the actual rate is set by the town, county and school district.
Have property taxes in Lakes of the North gone up?
In Lakes of the North, the median real estate tax went from $1,128 in 2015–2019 to $1,654 in 2020–2024 (+46.6%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Are property taxes in Lakes of the North higher than in Antrim County?
In Lakes of the North, the median real estate tax is lower than in Antrim County ($2,157).
It is also lower than in Michigan ($2,904).
It is lower than the national figure ($3,119).
Sources
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Lakes of the North CDP, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lakes of the North CDP, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Lakes of the North CDP, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Lakes of the North CDP, Michigan
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Lakes of the North CDP, Michigan
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Lakes of the North CDP, Michigan (place:45144, in state:26).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25103_001E, B25103_001M, B25077_001E, B25077_001M, B25088_002E, B25088_002M from the 2019 release.
The API needs a free key.
B25103_001E, B25103_001M, B25103_002E, B25103_002M, B25103_003E, B25103_003M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Lakes of the North at a glance
- Income and affordability in Lakes of the North
- Home values in Lakes of the North
- Homeowner costs in Lakes of the North
- Types of homes in Lakes of the North
- Bedrooms in Lakes of the North
- Age of homes in Lakes of the North
- Heating fuel in Lakes of the North
- Commute and cars in Lakes of the North
- Population growth in Lakes of the North
- Michigan landlord and tenant rules
- Housing across Antrim County
- Michigan places ranked by property taxes
- Housing data for every place in Michigan