48876 Property Tax Rate

Property owners in ZIP code 48876 (Potterville, Michigan) pay a median of $2,895/year in property taxes on homes valued at $187,900. This translates to an effective tax rate of 1.54%, which is 26% above the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 48876 is approximately $241, which factors into escrow payments on mortgages. This ZIP code is located within Eaton County. This is $469 more than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 48876 has lower property taxes. ZIP codes with similar effective rates include 48066 (1.54%) and 48336 (1.54%).

In Potterville, property taxes represent approximately 4.0% of the median household income of $72,895, providing context for the relative tax burden on homeowners in this area.

Michigan's Proposal A triggers a full reassessment to market value when you purchase, eliminating the prior owner's 5% or CPI cap and potentially doubling your assessed value. Apply for the Principle Residence Exemption (PRE) with the Eaton County Assessor to lower your school operating tax portion — this exemption is the single most valuable relief available to homeowners here. File your PRE application within 45 days of purchase to avoid losing the exemption for that tax year.