48866 Property Tax Rate

Property owners in ZIP code 48866 (Ovid, Michigan) pay a median of $1,976/year in property taxes on homes valued at $158,500. This translates to an effective tax rate of 1.25%, which is near the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 48866 is approximately $165, which factors into escrow payments on mortgages. This ZIP code is located within Clinton County. This is $450 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 48866 has lower property taxes. ZIP codes with similar effective rates include 49064 (1.25%) and 48754 (1.25%).

In Ovid, property taxes represent approximately 3.1% of the median household income of $64,070, providing context for the relative tax burden on homeowners in this area.

Under Proposal A, uncapping at sale resets your assessed value to purchase price, and Clinton County's $3,087 median annual tax means a substantial year-one increase is likely. File the Principle Residence Exemption (PRE) with the Clinton County Assessor immediately after closing to exempt school operating millage from your primary residence — this is the most valuable relief available to Michigan buyers. Submit your PRE application by December 1 to ensure the exemption takes effect for the next tax year.