49690 Property Tax Rate

Property owners in ZIP code 49690 (Williamsburg, Michigan) pay a median of $2,810/year in property taxes on homes valued at $329,100. This translates to an effective tax rate of 0.85%, which is 30% below the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 49690 is approximately $234, which factors into escrow payments on mortgages. This ZIP code is located within Grand Traverse County. This is $384 more than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 49690 has higher property taxes. ZIP codes with similar effective rates include 49747 (0.85%) and 49227 (0.85%).

In Williamsburg, property taxes represent approximately 2.7% of the median household income of $105,701, providing context for the relative tax burden on homeowners in this area.

Proposal A reassesses your home to current market value upon purchase, eliminating the previous owner's inflation-capped increase structure. The Principle Residence Exemption (PRE) exempts primary residences from school operating taxes — apply to the Grand Traverse County Assessor by March 1 of the year following purchase. Request a PRE application from the Grand Traverse County Assessor immediately after closing and submit it before March 1 to activate school tax savings.