48662 Property Tax Rate

Property owners in ZIP code 48662 (Wheeler, Michigan) pay a median of $1,922/year in property taxes on homes valued at $130,000. This translates to an effective tax rate of 1.48%, which is 21% above the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 48662 is approximately $160, which factors into escrow payments on mortgages. This ZIP code is located within Gratiot County. This is $504 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 48662 has higher property taxes. ZIP codes with similar effective rates include 48819 (1.48%) and 48628 (1.48%).

In Wheeler, property taxes represent approximately 2.8% of the median household income of $69,112, providing context for the relative tax burden on homeowners in this area.

Proposal A uncaps at sale, resetting assessed value to market and raising your school operating tax burden from day one. The Principle Residence Exemption (PRE) is your primary tax relief — file with the Gratiot County Assessor immediately after purchase to exempt school operating millage from your primary residence. Submit your PRE application before December 1 to have it effective for the next tax year.