48647 Property Tax Rate

Property owners in ZIP code 48647 (Mio, Michigan) pay a median of $1,120/year in property taxes on homes valued at $122,800. This translates to an effective tax rate of 0.91%, which is 25% below the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 48647 is approximately $93, which factors into escrow payments on mortgages. This ZIP code is located within Oscoda County. This is $1,306 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 48647 has lower property taxes. ZIP codes with similar effective rates include 49770 (0.91%) and 49336 (0.91%).

In Mio, property taxes represent approximately 2.2% of the median household income of $50,594, 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.