48917 Property Tax Rate

Property owners in ZIP code 48917 (Lansing, Michigan) pay a median of $3,472/year in property taxes on homes valued at $211,300. This translates to an effective tax rate of 1.64%, which is 35% above the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 48917 is approximately $289, which factors into escrow payments on mortgages. This ZIP code is located within Eaton County. This is $1,046 more than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 48917 has higher property taxes. ZIP codes with similar effective rates include 48642 (1.64%) and 48733 (1.64%).

In Lansing, property taxes represent approximately 4.7% of the median household income of $73,259, 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.