49768 Property Tax Rate

Property owners in ZIP code 49768 (Paradise, Michigan) pay a median of $1,823/year in property taxes on homes valued at $198,600. This translates to an effective tax rate of 0.92%, which is 25% below the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 49768 is approximately $152, which factors into escrow payments on mortgages. This ZIP code is located within Chippewa County. This is $603 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 49768 has higher property taxes. ZIP codes with similar effective rates include 49756 (0.92%) and 48750 (0.92%).

In Paradise, property taxes represent approximately 2.7% of the median household income of $67,813, providing context for the relative tax burden on homeowners in this area.

Michigan's Proposal A reassesses property to market value at purchase, eliminating the capped-growth benefit for the prior owner. The Principle Residence Exemption (PRE) removes school operating taxes from owner-occupied primary residences — apply to the Chippewa County Assessor by March 1 of the year following your purchase. File your PRE claim with the Chippewa County Assessor within 30 days of closing to ensure the exemption is active from January 1.