48104 Property Tax Rate

Property owners in ZIP code 48104 (Ann Arbor, Michigan) pay a median of $8,195/year in property taxes on homes valued at $481,600. This translates to an effective tax rate of 1.70%, which is 39% above the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 48104 is approximately $683, which factors into escrow payments on mortgages. This ZIP code is located within Washtenaw County. This is $5,769 more than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 48104 has higher property taxes. ZIP codes with similar effective rates include 49963 (1.70%) and 49006 (1.70%).

In Ann Arbor, property taxes represent approximately 12.9% of the median household income of $63,341, providing context for the relative tax burden on homeowners in this area.

Under Michigan's Proposal A, your property will be "uncapped" and reassessed to market value at purchase, potentially significantly raising your tax bill from the prior owner's capped assessed value. Washtenaw County offers the Principle Residence Exemption (PRE), which removes school operating tax obligation for primary residences; file with the county assessor within the statutory deadline. Submit your PRE application to the Washtenaw County Assessor within 30 days of closing to activate the exemption and prevent back-assessed school operating millage.