49801 Property Tax Rate

Property owners in ZIP code 49801 (Iron Mountain, Michigan) pay a median of $2,188/year in property taxes on homes valued at $157,800. This translates to an effective tax rate of 1.39%, which is 14% above the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 49801 is approximately $182, which factors into escrow payments on mortgages. This ZIP code is located within Dickinson County. This is $238 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 49801 has higher property taxes. ZIP codes with similar effective rates include 48312 (1.39%) and 49221 (1.39%).

In Iron Mountain, property taxes represent approximately 3.5% of the median household income of $62,461, providing context for the relative tax burden on homeowners in this area.

Dickinson County properties reassess to full market value at sale under Proposal A, with subsequent annual growth limited to the lesser of 5% or CPI. The Principle Residence Exemption (PRE) exempts primary residences from school operating tax—file your exemption application with the Dickinson County Assessor immediately upon purchase to activate this benefit for the current tax year. Contact the Dickinson County Assessor to request your property's assessment record and verify PRE status within 30 days of closing.