49266 Property Tax Rate

Property owners in ZIP code 49266 (Osseo, Michigan) pay a median of $1,283/year in property taxes on homes valued at $155,900. This translates to an effective tax rate of 0.82%, which is 33% below the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 49266 is approximately $107, which factors into escrow payments on mortgages. This ZIP code is located within Hillsdale County. This is $1,143 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 49266 has lower property taxes. ZIP codes with similar effective rates include 49791 (0.82%) and 49339 (0.83%).

In Osseo, property taxes represent approximately 2.0% of the median household income of $63,724, 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.