48117 Property Tax Rate

Property owners in ZIP code 48117 (Carleton, Michigan) pay a median of $2,709/year in property taxes on homes valued at $276,600. This translates to an effective tax rate of 0.98%, which is 20% below the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 48117 is approximately $226, which factors into escrow payments on mortgages. This ZIP code is located within Monroe County. This is $283 more than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 48117 has higher property taxes. ZIP codes with similar effective rates include 48049 (0.98%) and 48811 (0.98%).

In Carleton, property taxes represent approximately 3.5% of the median household income of $76,600, providing context for the relative tax burden on homeowners in this area.

Under Michigan's Proposal A, your assessed value will "uncap" and reset to market value at purchase, ending any prior owner's tax freeze and potentially increasing your annual tax bill. The Principle Residence Exemption (PRE) reduces school operating taxes for owner-occupied primary residences — file with the Monroe County Assessor immediately after closing to ensure the exemption applies to your first tax bill. Contact the Monroe County Assessor's office to confirm your base year value and PRE status within 30 days of purchase.