49667 Property Tax Rate

Property owners in ZIP code 49667 (Merritt, Michigan) pay a median of $1,255/year in property taxes on homes valued at $130,700. This translates to an effective tax rate of 0.96%, which is 21% below the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 49667 is approximately $105, which factors into escrow payments on mortgages. This ZIP code is located within Missaukee County. This is $1,171 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 49667 has higher property taxes. ZIP codes with similar effective rates include 49618 (0.96%) and 49685 (0.96%).

In Merritt, property taxes represent approximately 2.7% of the median household income of $46,806, 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.