48703 Property Tax Rate

Property owners in ZIP code 48703 (Au Gres, Michigan) pay a median of $1,902/year in property taxes on homes valued at $158,700. This translates to an effective tax rate of 1.20%, which is near the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 48703 is approximately $159, which factors into escrow payments on mortgages. This ZIP code is located within Arenac County. This is $524 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 48703 has higher property taxes. ZIP codes with similar effective rates include 48849 (1.20%) and 49455 (1.20%).

In Au Gres, property taxes represent approximately 3.2% of the median household income of $60,365, providing context for the relative tax burden on homeowners in this area.

Proposal A uncaps property at sale, resetting assessed value to market and increasing school operating taxes on the property. The Principle Residence Exemption (PRE) exempts school operating millage for owner-occupied primary residences — contact the Arenac County Assessor immediately after purchase to file and confirm approval. Submit your PRE application before the December 1 deadline to have it take effect for the next tax year.