49431 Property Tax Rate

Property owners in ZIP code 49431 (Ludington, Michigan) pay a median of $2,491/year in property taxes on homes valued at $218,600. This translates to an effective tax rate of 1.14%, which is 7% below the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 49431 is approximately $208, which factors into escrow payments on mortgages. This ZIP code is located within Mason County.

Compared to similar ZIP codes in Michigan, 49431 has higher property taxes. ZIP codes with similar effective rates include 49301 (1.14%) and 49421 (1.14%).

In Ludington, property taxes represent approximately 3.9% of the median household income of $63,313, providing context for the relative tax burden on homeowners in this area.

Michigan Proposal A reassesses your property to current market value at purchase, potentially tripling taxes if the prior owner benefited from decades of capped growth. The Principle Residence Exemption (PRE) removes your property from school operating tax rolls for primary residences — apply to the Mason County Assessor by March 1 following your purchase date. File your PRE claim promptly with the Mason County Assessor to ensure school tax savings are applied retroactively to January 1.