49036 Property Tax Rate

Property owners in ZIP code 49036 (Coldwater, Michigan) pay a median of $1,992/year in property taxes on homes valued at $155,000. This translates to an effective tax rate of 1.29%, which is 5% above the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 49036 is approximately $166, which factors into escrow payments on mortgages. This ZIP code is located within Branch County. This is $434 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 49036 has higher property taxes. ZIP codes with similar effective rates include 48340 (1.28%) and 48413 (1.28%).

In Coldwater, property taxes represent approximately 3.3% of the median household income of $59,649, providing context for the relative tax burden on homeowners in this area.

Under Proposal A, your property assessment resets to market value at purchase in Branch County, removing any cap the prior owner benefited from. Apply for the Principle Residence Exemption (PRE) with the Branch County Assessor within 45 days of closing to reduce school operating taxes on your primary residence. File your PRE application promptly with the Branch County Assessor to ensure eligibility.