49749 Property Tax Rate

Property owners in ZIP code 49749 (Indian River, Michigan) pay a median of $1,785/year in property taxes on homes valued at $202,600. This translates to an effective tax rate of 0.88%, which is 28% below the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 49749 is approximately $149, which factors into escrow payments on mortgages. This ZIP code is located within Cheboygan County. This is $641 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 49749 has lower property taxes. ZIP codes with similar effective rates include 49113 (0.88%) and 48027 (0.88%).

In Indian River, property taxes represent approximately 2.7% of the median household income of $66,604, providing context for the relative tax burden on homeowners in this area.

Michigan's Proposal A reassesses property to market value at sale, ending capped annual increases for the previous owner. The Principle Residence Exemption (PRE) exempts primary residences from school operating taxes — apply to the Cheboygan County Assessor by March 1 of the year following your purchase. File your PRE claim with the Cheboygan County Assessor within 30 days of closing to activate the exemption and reduce your school operating tax bill.