Why are taxes on lakeshore property higher than off-lake property?
The reason lakeshore property usually pays more taxes than a similar property not on the lake is due to the value of the lakeshore frontage. Property taxes are based partially on value; and the higher the value, the higher the tax. Sales prove that lakeshore in most cases is much more valuable than other land types. Each lake has its land valued according to the price buyers will pay which varies greatly from one lake to another, depending on the popularity of the lake. Other factors such as school district and township or city tax rates will affect the level of taxes from one property to another. When comparing value or taxes, always make sure you are comparing comparable properties in an area of similar tax rates.
