49746 Property Tax Rate

Property owners in ZIP code 49746 (Hillman, Michigan) pay a median of $1,391/year in property taxes on homes valued at $143,300. This translates to an effective tax rate of 0.97%, which is 21% below the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 49746 is approximately $116, which factors into escrow payments on mortgages. This ZIP code is located within Montmorency County. This is $1,035 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 49746 has higher property taxes. ZIP codes with similar effective rates include 49721 (0.97%) and 49728 (0.97%).

In Hillman, property taxes represent approximately 2.9% of the median household income of $47,776, providing context for the relative tax burden on homeowners in this area.

Under Proposal A, your purchase reassesses your property to market value, ending the prior owner's annual inflation cap. The Principle Residence Exemption (PRE) exempts primary residences from school operating taxes — file your claim with the Montmorency County Assessor by March 1 of the following year to activate savings. Request your PRE application from the Montmorency County Assessor within 60 days of closing and submit it before March 1 to capture the exemption.