48615 Property Tax Rate

Property owners in ZIP code 48615 (Breckenridge, Michigan) pay a median of $1,868/year in property taxes on homes valued at $129,100. This translates to an effective tax rate of 1.45%, which is 18% above the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 48615 is approximately $156, which factors into escrow payments on mortgages. This ZIP code is located within Gratiot County. This is $558 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 48615 has higher property taxes. ZIP codes with similar effective rates include 48858 (1.45%) and 48374 (1.45%).

In Breckenridge, property taxes represent approximately 2.6% of the median household income of $72,656, providing context for the relative tax burden on homeowners in this area.

Proposal A uncaps at sale, resetting assessed value to market and raising your school operating tax burden from day one. The Principle Residence Exemption (PRE) is your primary tax relief — file with the Gratiot County Assessor immediately after purchase to exempt school operating millage from your primary residence. Submit your PRE application before December 1 to have it effective for the next tax year.