48841 Property Tax Rate

Property owners in ZIP code 48841 (Henderson, Michigan) pay a median of $1,803/year in property taxes on homes valued at $176,300. This translates to an effective tax rate of 1.02%, which is 16% below the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 48841 is approximately $150, which factors into escrow payments on mortgages. This ZIP code is located within Shiawassee County. This is $623 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 48841 has lower property taxes. ZIP codes with similar effective rates include 49103 (1.02%) and 48169 (1.02%).

In Henderson, property taxes represent approximately 3.2% of the median household income of $55,875, providing context for the relative tax burden on homeowners in this area.

Proposal A will uncap your assessed value at purchase, resetting it to your purchase price and potentially doubling school taxes on the property. File the Principle Residence Exemption (PRE) with the Shiawassee County Assessor right away to reduce school operating taxes — this exemption is crucial for Michigan homeowners and applies only to owner-occupied primary residences. Meet the December 1 PRE filing deadline to avoid losing the exemption for the upcoming tax year.