49320 Property Tax Rate

Property owners in ZIP code 49320 (Chippewa Lake, Michigan) pay a median of $1,694/year in property taxes on homes valued at $121,400. This translates to an effective tax rate of 1.40%, which is 14% above the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 49320 is approximately $141, which factors into escrow payments on mortgages. This ZIP code is located within Mecosta County. This is $732 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 49320 has higher property taxes. ZIP codes with similar effective rates include 49012 (1.39%) and 48310 (1.39%).

In Chippewa Lake, property taxes represent approximately 2.5% of the median household income of $68,804, providing context for the relative tax burden on homeowners in this area.

Proposal A reassesses your home to full market value at sale in Mecosta County, ending the prior owner's capped growth. File the Principle Residence Exemption (PRE) with the Mecosta County Assessor within 45 days of closing to reduce school operating tax obligations significantly on your principal residence. Contact the Mecosta County Assessor to confirm PRE filing requirements and deadlines.