48766 Property Tax Rate

Property owners in ZIP code 48766 (Twining, Michigan) pay a median of $1,319/year in property taxes on homes valued at $94,200. This translates to an effective tax rate of 1.40%, which is 15% above the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 48766 is approximately $110, which factors into escrow payments on mortgages. This ZIP code is located within Arenac County. This is $1,107 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 48766 has higher property taxes. ZIP codes with similar effective rates include 48874 (1.40%) and 48167 (1.40%).

In Twining, property taxes represent approximately 2.4% of the median household income of $55,156, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 48766, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Arenac County's tax assessor directly.