48748 Property Tax Rate

Property owners in ZIP code 48748 (National City, Michigan) pay a median of $1,391/year in property taxes on homes valued at $142,700. This translates to an effective tax rate of 0.97%, which is 20% below the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 48748 is approximately $116, which factors into escrow payments on mortgages. This ZIP code is located within Iosco County. This is $1,035 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 48748 has higher property taxes. ZIP codes with similar effective rates include 49249 (0.97%) and 48401 (0.97%).

In National City, property taxes represent approximately 2.6% of the median household income of $53,409, providing context for the relative tax burden on homeowners in this area.

Proposal A uncaps property at sale, resetting assessed value to purchase price and increasing school operating taxes immediately. Apply for the Principle Residence Exemption (PRE) with the Iosco County Assessor before December 1 — this exemption exempts school operating millage on owner-occupied primary residences and is essential for Michigan homeowners. Request written confirmation that your PRE has been recorded in the assessor's records.