49227 Property Tax Rate

Property owners in ZIP code 49227 (Allen, Michigan) pay a median of $1,470/year in property taxes on homes valued at $172,300. This translates to an effective tax rate of 0.85%, which is 30% below the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 49227 is approximately $123, which factors into escrow payments on mortgages. This ZIP code is located within Hillsdale County. This is $956 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 49227 has higher property taxes. ZIP codes with similar effective rates include 49740 (0.85%) and 49690 (0.85%).

In Allen, property taxes represent approximately 2.8% of the median household income of $51,848, providing context for the relative tax burden on homeowners in this area.

Proposal A reassesses your home to full market value at sale in Hillsdale County, ending the prior owner's capped growth despite the county's low 0.85% effective rate. File the Principle Residence Exemption (PRE) with the Hillsdale County Assessor within 45 days of closing to reduce school operating tax bills for your principal residence. Contact the Hillsdale County Assessor to verify PRE filing deadlines and exemption amounts.