48642 Property Tax Rate

Property owners in ZIP code 48642 (Midland, Michigan) pay a median of $3,188/year in property taxes on homes valued at $194,100. This translates to an effective tax rate of 1.64%, which is 34% above the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 48642 is approximately $266, which factors into escrow payments on mortgages. This ZIP code is located within Midland County. This is $762 more than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 48642 has higher property taxes. ZIP codes with similar effective rates include 48917 (1.64%) and 48733 (1.64%).

In Midland, property taxes represent approximately 4.1% of the median household income of $77,690, 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.