48618 Property Tax Rate

Property owners in ZIP code 48618 (Coleman, Michigan) pay a median of $1,763/year in property taxes on homes valued at $120,200. This translates to an effective tax rate of 1.47%, which is 20% above the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 48618 is approximately $147, which factors into escrow payments on mortgages. This ZIP code is located within Midland County. This is $663 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 48618 has lower property taxes. ZIP codes with similar effective rates include 48185 (1.47%) and 48081 (1.47%).

In Coleman, property taxes represent approximately 3.0% of the median household income of $58,523, providing context for the relative tax burden on homeowners in this area.

Under Proposal A, uncapping at sale resets your assessed value to purchase price, and Midland County's 1.47% effective rate means a significant year-one tax increase. Apply immediately for the Principle Residence Exemption (PRE) with the Midland County Assessor — this exemption removes school operating millage from primary residences and is the most important tax relief available to you. File the PRE application by December 1 to ensure the exemption takes effect for the next tax year.