49833 Property Tax Rate

Property owners in ZIP code 49833 (Little Lake, Michigan) pay a median of $1,304/year in property taxes on homes valued at $124,100. This translates to an effective tax rate of 1.05%, which is 14% below the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 49833 is approximately $109, which factors into escrow payments on mortgages. This ZIP code is located within Marquette County. This is $1,122 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 49833 has lower property taxes. ZIP codes with similar effective rates include 49712 (1.05%) and 48032 (1.05%).

Under Proposal A, your Marquette County property reassesses to market value at purchase, then annual increases are limited to the lesser of 5% or CPI. The Principle Residence Exemption (PRE) is your primary tax benefit—apply to the Marquette County Assessor immediately after closing to exempt school operating taxes from your primary home. Request your property's assessment record from the Marquette County Assessor's office to confirm PRE coding and verify the base year equals your purchase price.