49720 Property Tax Rate

Property owners in ZIP code 49720 (Charlevoix, Michigan) pay a median of $2,658/year in property taxes on homes valued at $265,100. This translates to an effective tax rate of 1.00%, which is 18% below the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 49720 is approximately $222, which factors into escrow payments on mortgages. This ZIP code is located within Charlevoix County. This is $232 more than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 49720 has higher property taxes. ZIP codes with similar effective rates include 48654 (1.00%) and 48137 (1.00%).

In Charlevoix, property taxes represent approximately 3.5% of the median household income of $76,127, providing context for the relative tax burden on homeowners in this area.

Proposal A triggers full reassessment to market value when you buy, ending the prior owner's annual capped increases. The Principle Residence Exemption (PRE) reduces school operating taxes for primary residences — submit your application to the Charlevoix County Assessor by March 1 of the year after you purchase. Contact the Charlevoix County Assessor within 60 days of closing to obtain and file your PRE application before the March 1 deadline.