49455 Property Tax Rate

Property owners in ZIP code 49455 (Shelby, Michigan) pay a median of $1,736/year in property taxes on homes valued at $144,900. This translates to an effective tax rate of 1.20%, which is near the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 49455 is approximately $145, which factors into escrow payments on mortgages. This ZIP code is located within Oceana County. This is $690 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 49455 has lower property taxes. ZIP codes with similar effective rates include 48849 (1.20%) and 48703 (1.20%).

In Shelby, property taxes represent approximately 2.6% of the median household income of $65,640, providing context for the relative tax burden on homeowners in this area.

Under Proposal A, your purchase triggers a reassessment to market value; the prior owner's capped annual increases end with the sale. The Principle Residence Exemption (PRE) exempts primary residences from school operating taxes — submit your claim to the Oceana County Assessor by March 1 of the following year to activate the exemption. Contact the Oceana County Assessor's office before March 1 to request and file your PRE application, as missing the deadline costs you one full year of school tax savings.