49726 Property Tax Rate

Property owners in ZIP code 49726 (Drummond Island, Michigan) pay a median of $2,376/year in property taxes on homes valued at $250,500. This translates to an effective tax rate of 0.95%, which is 22% below the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 49726 is approximately $198, which factors into escrow payments on mortgages. This ZIP code is located within Chippewa County.

Compared to similar ZIP codes in Michigan, 49726 has higher property taxes. ZIP codes with similar effective rates include 49835 (0.95%) and 49242 (0.95%).

In Drummond Island, property taxes represent approximately 3.7% of the median household income of $65,000, providing context for the relative tax burden on homeowners in this area.

Michigan's Proposal A reassesses property to market value at purchase, eliminating the capped-growth benefit for the prior owner. The Principle Residence Exemption (PRE) removes school operating taxes from owner-occupied primary residences — apply to the Chippewa County Assessor by March 1 of the year following your purchase. File your PRE claim with the Chippewa County Assessor within 30 days of closing to ensure the exemption is active from January 1.