48316 Property Tax Rate

Property owners in ZIP code 48316 (Utica, Michigan) pay a median of $3,825/year in property taxes on homes valued at $362,100. This translates to an effective tax rate of 1.06%, which is 14% below the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 48316 is approximately $319, which factors into escrow payments on mortgages. This ZIP code is located within Macomb County. This is $1,399 more than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 48316 has lower property taxes. ZIP codes with similar effective rates include 48852 (1.06%) and 49544 (1.06%).

In Utica, property taxes represent approximately 3.8% of the median household income of $101,232, 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, eliminating the prior owner's capped assessment and increasing your annual tax obligation. Macomb County offers the Principle Residence Exemption (PRE), which exempts your primary home from school operating tax millage if you file; apply through the county assessor's office. File your PRE application with the Macomb County Assessor before the deadline (typically 30 days post-closing) to avoid paying school operating taxes and lock in the exemption.