49674 Property Tax Rate

Property owners in ZIP code 49674 (Omena, Michigan) pay a median of $2,922/year in property taxes on homes valued at $643,300. This translates to an effective tax rate of 0.45%, which is 63% below the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 49674 is approximately $244, which factors into escrow payments on mortgages. This ZIP code is located within Leelanau County. This is $496 more than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 49674 has lower property taxes. ZIP codes with similar effective rates include 49654 (0.43%) and 49084 (0.48%).

In Omena, property taxes represent approximately 2.4% of the median household income of $120,188, providing context for the relative tax burden on homeowners in this area.

Under Proposal A, your purchase triggers reassessment to market value, ending the prior owner's capped annual increases. The Principle Residence Exemption (PRE) removes school operating taxes from primary residences — file your claim with the Leelanau County Assessor by March 1 of the year after you buy. Contact the Leelanau County Assessor within 30 days of closing to obtain your PRE application and ensure it is filed before the March 1 deadline.