49078 Property Tax Rate

Property owners in ZIP code 49078 (Otsego, Michigan) pay a median of $2,537/year in property taxes on homes valued at $189,600. This translates to an effective tax rate of 1.34%, which is 10% above the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 49078 is approximately $211, which factors into escrow payments on mortgages. This ZIP code is located within Allegan County.

Compared to similar ZIP codes in Michigan, 49078 has higher property taxes. ZIP codes with similar effective rates include 49055 (1.34%) and 49073 (1.34%).

In Otsego, property taxes represent approximately 3.3% of the median household income of $77,517, 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 Allegan County, eliminating any cap the prior owner had — budget for a tax increase despite the county's lower 1.13% effective rate. Apply for the Principle Residence Exemption (PRE) with the Allegan County Assessor right after closing to reduce school operating taxes on your primary home. File your PRE within 45 days of purchase to ensure the exemption applies to your first tax bill.