49639 Property Tax Rate

Property owners in ZIP code 49639 (Hersey, Michigan) pay a median of $1,265/year in property taxes on homes valued at $136,900. This translates to an effective tax rate of 0.92%, which is 24% below the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 49639 is approximately $105, which factors into escrow payments on mortgages. This ZIP code is located within Osceola County. This is $1,161 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 49639 has higher property taxes. ZIP codes with similar effective rates include 48412 (0.92%) and 48114 (0.92%).

In Hersey, property taxes represent approximately 2.0% of the median household income of $62,409, providing context for the relative tax burden on homeowners in this area.

Michigan's Proposal A reassesses property to market value at sale, eliminating the capped-growth benefit the prior owner had. The Principle Residence Exemption (PRE) exempts owner-occupied primary residences from school operating taxes — submit your application to the Osceola County Assessor by March 1 of the following year. File your PRE claim with the Osceola County Assessor within 60 days of closing to activate the exemption and reduce your school taxes.