48621 Property Tax Rate

Property owners in ZIP code 48621 (Fairview, Michigan) pay a median of $1,332/year in property taxes on homes valued at $135,900. 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 48621 is approximately $111, which factors into escrow payments on mortgages. This ZIP code is located within Oscoda County. This is $1,094 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 48621 has higher property taxes. ZIP codes with similar effective rates include 48117 (0.98%) and 48049 (0.98%).

In Fairview, property taxes represent approximately 2.5% of the median household income of $52,353, providing context for the relative tax burden on homeowners in this area.

Proposal A uncaps at sale, resetting assessed value to market and raising school operating taxes for the property. The Principle Residence Exemption (PRE) is your key relief tool — file with the Oscoda County Assessor before December 1 to exempt school operating millage on your primary residence. Confirm PRE approval and request a written notice of the exemption in your assessment record.