49688 Property Tax Rate

Property owners in ZIP code 49688 (Tustin, Michigan) pay a median of $1,714/year in property taxes on homes valued at $163,300. This translates to an effective tax rate of 1.05%, which is 14% below the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 49688 is approximately $143, which factors into escrow payments on mortgages. This ZIP code is located within Osceola County. This is $712 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 49688 has higher property taxes. ZIP codes with similar effective rates include 48353 (1.05%) and 49401 (1.05%).

In Tustin, property taxes represent approximately 2.6% of the median household income of $66,680, 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.