48768 Property Tax Rate

Property owners in ZIP code 48768 (Vassar, Michigan) pay a median of $1,768/year in property taxes on homes valued at $137,900. This translates to an effective tax rate of 1.28%, which is 5% above the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 48768 is approximately $147, which factors into escrow payments on mortgages. This ZIP code is located within Tuscola County. This is $658 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 48768 has lower property taxes. ZIP codes with similar effective rates include 49310 (1.28%) and 49092 (1.28%).

In Vassar, property taxes represent approximately 2.8% of the median household income of $63,363, 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 potentially raising your annual tax liability immediately. The Principle Residence Exemption (PRE) exempts school operating taxes for primary residences — file with the Tuscola County Assessor before December 1 to ensure the exemption applies to your next tax bill. Request a copy of your assessment notice to verify the PRE has been properly recorded.