49963 Property Tax Rate

Property owners in ZIP code 49963 (South Range, Michigan) pay a median of $1,417/year in property taxes on homes valued at $83,300. This translates to an effective tax rate of 1.70%, which is 39% above the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 49963 is approximately $118, which factors into escrow payments on mortgages. This ZIP code is located within Houghton County. This is $1,009 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 49963 has higher property taxes. ZIP codes with similar effective rates include 49006 (1.70%) and 48104 (1.70%).

In South Range, property taxes represent approximately 2.6% of the median household income of $55,250, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 49963, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Houghton County's tax assessor directly.