48906 Property Tax Rate

Property owners in ZIP code 48906 (Lansing, Michigan) pay a median of $2,643/year in property taxes on homes valued at $128,600. This translates to an effective tax rate of 2.06%, which is 68% above the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 48906 is approximately $220, which factors into escrow payments on mortgages. This ZIP code is located within Clinton County. This is $217 more than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 48906 has higher property taxes. ZIP codes with similar effective rates include 48915 (2.05%) and 48238 (2.05%).

In Lansing, property taxes represent approximately 4.3% of the median household income of $61,533, 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.