49841 Property Tax Rate

Property owners in ZIP code 49841 (Gwinn, Michigan) pay a median of $1,392/year in property taxes on homes valued at $150,000. This translates to an effective tax rate of 0.93%, which is 24% below the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 49841 is approximately $116, which factors into escrow payments on mortgages. This ZIP code is located within Marquette County. This is $1,034 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 49841 has higher property taxes. ZIP codes with similar effective rates include 48054 (0.93%) and 48843 (0.93%).

In Gwinn, property taxes represent approximately 2.3% of the median household income of $61,337, providing context for the relative tax burden on homeowners in this area.

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.