49806 Property Tax Rate

Property owners in ZIP code 49806 (Au Train, Michigan) pay a median of $2,029/year in property taxes on homes valued at $258,500. This translates to an effective tax rate of 0.78%, which is 36% below the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 49806 is approximately $169, which factors into escrow payments on mortgages. This ZIP code is located within Alger County. This is $397 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 49806 has higher property taxes. ZIP codes with similar effective rates include 48410 (0.78%) and 48177 (0.78%).

In Au Train, property taxes represent approximately 2.6% of the median household income of $77,426, providing context for the relative tax burden on homeowners in this area.

Alger County properties undergo full reassessment to purchase price under Proposal A, then grow at the lesser of 5% or CPI annually thereafter. File your Principle Residence Exemption (PRE) application with the Alger County Assessor immediately—this exemption removes school operating taxes from your primary residence and is your most valuable property tax relief available. Obtain your Property Record Card from the Alger County Assessor's office to verify the PRE exemption code appears on your assessment and confirm the purchase-price base year.