49657 Property Tax Rate

Property owners in ZIP code 49657 (Mc Bain, Michigan) pay a median of $1,716/year in property taxes on homes valued at $181,700. This translates to an effective tax rate of 0.94%, which is 23% below the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 49657 is approximately $143, which factors into escrow payments on mortgages. This ZIP code is located within Missaukee County. This is $710 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 49657 has lower property taxes. ZIP codes with similar effective rates include 48466 (0.94%) and 49644 (0.95%).

In Mc Bain, property taxes represent approximately 2.5% of the median household income of $69,896, providing context for the relative tax burden on homeowners in this area.

Proposal A triggers full market-value reassessment when you purchase, ending the prior owner's annual capped increase privilege. The Principle Residence Exemption (PRE) reduces school operating taxes for primary residences — file with the Missaukee County Assessor by March 1 of the year following your purchase date. Apply for your PRE with the Missaukee County Assessor immediately after closing and submit before March 1 to avoid losing the exemption for that tax year.