49045 Property Tax Rate

Property owners in ZIP code 49045 (Decatur, Michigan) pay a median of $2,363/year in property taxes on homes valued at $170,900. This translates to an effective tax rate of 1.38%, which is 13% above the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 49045 is approximately $197, which factors into escrow payments on mortgages. This ZIP code is located within Van Buren County.

Compared to similar ZIP codes in Michigan, 49045 has higher property taxes. ZIP codes with similar effective rates include 48062 (1.38%) and 48098 (1.38%).

In Decatur, property taxes represent approximately 4.1% of the median household income of $58,328, providing context for the relative tax burden on homeowners in this area.

Michigan's Proposal A resets your property assessment to market value at sale, ending the prior owner's capped growth and raising your tax bill in Van Buren County. Apply for the Principle Residence Exemption (PRE) with the Van Buren County Assessor immediately after closing to reduce school operating taxes on your principal residence. File within 45 days of purchase to lock in your PRE and avoid losing tax savings for the assessment year.