49799 Property Tax Rate

Property owners in ZIP code 49799 (Wolverine, Michigan) pay a median of $1,264/year in property taxes on homes valued at $164,800. This translates to an effective tax rate of 0.77%, which is 37% below the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 49799 is approximately $105, which factors into escrow payments on mortgages. This ZIP code is located within Cheboygan County. This is $1,162 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 49799 has lower property taxes. ZIP codes with similar effective rates include 48870 (0.77%) and 49617 (0.77%).

In Wolverine, property taxes represent approximately 2.5% of the median household income of $51,029, 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.