49762 Property Tax Rate

Property owners in ZIP code 49762 (Naubinway, Michigan) pay a median of $1,306/year in property taxes on homes valued at $144,500. This translates to an effective tax rate of 0.90%, which is 26% below the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 49762 is approximately $109, which factors into escrow payments on mortgages. This ZIP code is located within Mackinac County. This is $1,120 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 49762 has higher property taxes. ZIP codes with similar effective rates include 49834 (0.90%) and 48145 (0.91%).

In Naubinway, property taxes represent approximately 2.7% of the median household income of $48,304, 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.