48637 Property Tax Rate

Property owners in ZIP code 48637 (Merrill, Michigan) pay a median of $2,389/year in property taxes on homes valued at $140,000. This translates to an effective tax rate of 1.71%, which is 40% above the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 48637 is approximately $199, which factors into escrow payments on mortgages. This ZIP code is located within Saginaw County.

Compared to similar ZIP codes in Michigan, 48637 has higher property taxes. ZIP codes with similar effective rates include 48146 (1.71%) and 48075 (1.70%).

In Merrill, property taxes represent approximately 3.7% of the median household income of $63,900, providing context for the relative tax burden on homeowners in this area.

Michigan Proposal A requires uncapping at sale, meaning your assessed value resets to purchase price and your taxes may jump significantly in year one. The Principle Residence Exemption (PRE) exempts school operating millage from taxation on primary residences — contact the Saginaw County Assessor immediately after closing to file and verify you receive this critical exemption. Confirm your base year value and PRE approval before your first tax bill arrives.