49853 Property Tax Rate

Property owners in ZIP code 49853 (Mc Millan, Michigan) pay a median of $1,357/year in property taxes on homes valued at $189,500. This translates to an effective tax rate of 0.72%, which is 41% below the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 49853 is approximately $113, which factors into escrow payments on mortgages. This ZIP code is located within Luce County. This is $1,069 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 49853 has lower property taxes. ZIP codes with similar effective rates include 48762 (0.72%) and 49840 (0.72%).

In Mc Millan, property taxes represent approximately 2.3% of the median household income of $59,405, providing context for the relative tax burden on homeowners in this area.

Under Proposal A, Luce County properties reassess to purchase price and grow at the lesser of 5% or CPI annually. File your Principle Residence Exemption (PRE) with the Luce County Assessor right away—this exemption removes school operating taxes from your primary residence and is the single largest tax benefit available to Michigan homebuyers. Request an assessment record from the Luce County Assessor to verify PRE status and confirm the base year value matches your purchase price.