49701 Property Tax Rate

Property owners in ZIP code 49701 (Mackinaw City, Michigan) pay a median of $2,425/year in property taxes on homes valued at $217,000. This translates to an effective tax rate of 1.12%, which is 8% below the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 49701 is approximately $202, which factors into escrow payments on mortgages. This ZIP code is located within Emmet County.

Compared to similar ZIP codes in Michigan, 49701 has higher property taxes. ZIP codes with similar effective rates include 49733 (1.12%) and 49265 (1.12%).

In Mackinaw City, property taxes represent approximately 5.6% of the median household income of $43,636, providing context for the relative tax burden on homeowners in this area.

Proposal A reassesses your home to market value upon purchase, eliminating the inflation-only increases the prior owner received. The Principle Residence Exemption (PRE) removes school operating taxes from owner-occupied primary residences — file with the Emmet County Assessor by March 1 of the year after you buy. Request your PRE form from the Emmet County Assessor within 60 days of closing and submit it before March 1 to ensure school tax savings are applied.