49855 Property Tax Rate

Property owners in ZIP code 49855 (Marquette, Michigan) pay a median of $2,670/year in property taxes on homes valued at $245,100. This translates to an effective tax rate of 1.09%, which is 11% below the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 49855 is approximately $223, which factors into escrow payments on mortgages. This ZIP code is located within Marquette County. This is $244 more than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 49855 has lower property taxes. ZIP codes with similar effective rates include 49090 (1.09%) and 48065 (1.09%).

In Marquette, property taxes represent approximately 4.3% of the median household income of $62,321, 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.