49744 Property Tax Rate

Property owners in ZIP code 49744 (Herron, Michigan) pay a median of $1,810/year in property taxes on homes valued at $208,100. This translates to an effective tax rate of 0.87%, which is 29% below the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 49744 is approximately $151, which factors into escrow payments on mortgages. This ZIP code is located within Alpena County. This is $616 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 49744 has higher property taxes. ZIP codes with similar effective rates include 48421 (0.87%) and 48728 (0.87%).

In Herron, property taxes represent approximately 2.4% of the median household income of $74,000, providing context for the relative tax burden on homeowners in this area.

Proposal A triggers market-value reassessment when you purchase, replacing the prior owner's capped-increase arrangement. The Principle Residence Exemption (PRE) reduces school operating taxes for owner-occupied homes — submit your application to the Alpena County Assessor by March 1 of the year after you buy. Contact the Alpena County Assessor immediately after closing to obtain and file your PRE application before the March 1 deadline.