49327 Property Tax Rate

Property owners in ZIP code 49327 (Grant, Michigan) pay a median of $2,093/year in property taxes on homes valued at $189,600. This translates to an effective tax rate of 1.10%, which is 10% below the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 49327 is approximately $174, which factors into escrow payments on mortgages. This ZIP code is located within Newaygo County. This is $333 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 49327 has higher property taxes. ZIP codes with similar effective rates include 49638 (1.10%) and 49042 (1.10%).

In Grant, property taxes represent approximately 3.1% of the median household income of $68,452, providing context for the relative tax burden on homeowners in this area.

Under Michigan's Proposal A, your property will be "uncapped" and reassessed to market value upon purchase, potentially raising your tax bill significantly from the prior owner's capped amount. The Principle Residence Exemption (PRE) reduces school operating taxes for primary residences — file with the Newaygo County Assessor's office by March 1 of the year following purchase to claim it. Contact the Newaygo County Assessor immediately after closing to confirm your PRE eligibility and obtain your formal exemption certificate.