Lake Orion, MI Property Tax Rates
Compare property tax rates across 3 ZIP codes in Lake Orion, Michigan.
Avg Tax Rate
1.17%
Avg Annual Tax
$3,928
Avg Home Value
$335,167
ZIP Codes
3
Property Tax Overview: Lake Orion, MI
Lake Orion has 3 ZIP codes with property tax data. The average effective tax rate across these ZIPs is 1.17%, which is 4% below the Michigan average of 1.22%. Annual property taxes range from $3,694 (ZIP 48359) to $3,767 (ZIP 48362).
For a home at Lake Orion's median value of $335,167, property taxes add approximately $327/month to housing costs. Lake Orion home values are above the Michigan median of $204,411, meaning the monthly tax impact is correspondingly higher.
Property tax rates within Lake Orion vary by 0.08 percentage points across its ZIP codes. This variation typically reflects different school district boundaries, special assessment zones, and municipal service areas within the city.
Lake Orion vs Michigan Average
Effective Tax Rate
4% below state average
Annual Property Tax
Median Home Value
Frequently Asked Questions
What is the average property tax rate in Lake Orion, MI?
The average effective property tax rate in Lake Orion, Michigan is 1.17%, based on 3 ZIP codes.
How much is property tax in Lake Orion, MI?
The average median annual property tax in Lake Orion is $3,928 per year, with a median home value of $335,167.
Which ZIP code in Lake Orion has the lowest property tax rate?
ZIP code 48359 has the lowest effective tax rate in Lake Orion at 1.12%, with a median annual tax of $3,694.
How many ZIP codes are in Lake Orion, MI?
Lake Orion, Michigan has 3 ZIP codes with property tax data available.
Which ZIP code in Lake Orion has the highest property tax rate?
ZIP code 48362 has the highest effective tax rate in Lake Orion at 1.20%, with a median annual tax of $3,767.
How do Lake Orion property taxes compare to the Michigan average?
Lake Orion's average effective rate of 1.17% is 4% below the Michigan state average of 1.22%.
What factors affect property tax rates between ZIP codes in Lake Orion?
Property tax rate differences within Lake Orion are typically driven by school district boundaries (which can account for 40–60% of a tax bill), special assessment zones for fire, water, or transit services, and whether a ZIP falls within city limits or an unincorporated area. Each taxing jurisdiction sets its own rate, which is why adjacent ZIP codes can have noticeably different effective rates.
Tips for Lake Orion Homeowners
- •Appeal your assessment: If your home is assessed higher than its market value, you can file a property tax appeal. Studies suggest 30–60% of properties are over-assessed. Most counties offer a free informal review process.
- •Check your exemptions: Homestead exemptions can reduce your taxable value and are available to primary residents in most states. Senior, veteran, and disability exemptions may also apply. Exemptions must typically be applied for — they are not automatic.
- •Know your assessment cycle: Michigan reassesses properties periodically. After buying a home, your next tax bill may reflect a new assessment based on your purchase price. Budget accordingly, especially if you bought above prior assessed values.
- •Compare ZIP codes before buying: Even within Lake Orion, effective tax rates can vary significantly across ZIP codes due to different school district overlays. Use PropertyTaxByZip to compare specific ZIPs before choosing a neighborhood.
Looking for county-level property tax data? View Oakland County on TaxByCounty.com
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.
Estimates are informational only and should not be used as financial or legal advice.