49614 Property Tax Rate

Property owners in ZIP code 49614 (Bear Lake, Michigan) pay a median of $2,061/year in property taxes on homes valued at $203,900. This translates to an effective tax rate of 1.01%, which is 17% below the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 49614 is approximately $172, which factors into escrow payments on mortgages. This ZIP code is located within Manistee County. This is $365 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 49614 has higher property taxes. ZIP codes with similar effective rates include 48014 (1.01%) and 48761 (1.01%).

In Bear Lake, property taxes represent approximately 2.9% of the median household income of $71,389, providing context for the relative tax burden on homeowners in this area.

Proposal A triggers full market-value reassessment when you purchase, ending capped growth for the previous owner. The Principle Residence Exemption (PRE) exempts primary residences from school operating taxes and can save you hundreds annually — file with the Manistee County Assessor by March 1 following your purchase. Contact the Manistee County Assessor's office within two weeks of closing to obtain and file your PRE application before the March 1 deadline.