49745 Property Tax Rate

Property owners in ZIP code 49745 (Hessel, Michigan) pay a median of $1,332/year in property taxes on homes valued at $117,700. This translates to an effective tax rate of 1.13%, which is 7% below the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 49745 is approximately $111, which factors into escrow payments on mortgages. This ZIP code is located within Mackinac County. This is $1,094 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 49745 has lower property taxes. ZIP codes with similar effective rates include 49619 (1.13%) and 49319 (1.13%).

In Hessel, property taxes represent approximately 4.0% of the median household income of $33,534, providing context for the relative tax burden on homeowners in this area.

Under Michigan's Proposal A, your purchase reassesses the property to market value, eliminating the inflation-only increases the previous owner enjoyed. The Principle Residence Exemption (PRE) exempts owner-occupied primary residences from school operating taxes — file with the Mackinac County Assessor by March 1 of the year following your purchase. Request your PRE form from the Mackinac County Assessor within 30 days of closing and submit it before March 1 to activate school tax savings.