49751 Property Tax Rate

Property owners in ZIP code 49751 (Johannesburg, Michigan) pay a median of $1,397/year in property taxes on homes valued at $175,500. This translates to an effective tax rate of 0.80%, which is 35% below the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 49751 is approximately $116, which factors into escrow payments on mortgages. This ZIP code is located within Otsego County. This is $1,029 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 49751 has lower property taxes. ZIP codes with similar effective rates include 49649 (0.79%) and 48871 (0.80%).

In Johannesburg, property taxes represent approximately 2.1% of the median household income of $65,833, providing context for the relative tax burden on homeowners in this area.

Michigan Proposal A requires full reassessment to purchase price at sale, followed by annual increases capped at the lesser of 5% or inflation. Otsego County offers the Principle Residence Exemption (PRE), which eliminates school operating taxes on your primary home—submit the PRE application to the Otsego County Assessor's office within 45 days of closing to ensure coverage for the current fiscal year. Request a Property Record Card from the assessor to confirm your assessed value and verify PRE eligibility before the next tax bill arrives.