Ba0.55Sr0.45TiO3/MgO composites were successfully prepared by the heterogeneous precipitation method and their structural, surface morphological, tunable properties, and dielectric properties at microwave frequency were systemically investigated. Compared with the sample prepared by the traditional solid-state method, the sample prepared by the heterogeneous precipitation method exhibits a smaller grain size, more uniform microstructure, higher tunability, and lower microwave loss, and these properties are very beneficial to the development of the microwave tunable devices application. Moreover, the effects of La2O3 doping on the dielectric and tunable properties of BST/MgO composites are investigated. The result shows that the La3+-doped sample has higher tunability and lower microwave loss than the undoped one.