48860 Property Tax Rate

Property owners in ZIP code 48860 (Muir, Michigan) pay a median of $2,117/year in property taxes on homes valued at $162,800. This translates to an effective tax rate of 1.30%, which is 6% above the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 48860 is approximately $176, which factors into escrow payments on mortgages. This ZIP code is located within Ionia County. This is $309 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 48860 has higher property taxes. ZIP codes with similar effective rates include 48649 (1.30%) and 48735 (1.30%).

In Muir, property taxes represent approximately 3.6% of the median household income of $58,750, providing context for the relative tax burden on homeowners in this area.

Michigan Proposal A triggers uncapping at sale, resetting assessed value to market and raising school operating taxes on the property from day one. Apply for the Principle Residence Exemption (PRE) with the Ionia County Assessor right away — this exemption removes school operating millage from owner-occupied primary residences and is crucial for tax relief. File the PRE application before December 1 to guarantee the exemption applies to your upcoming tax bill.