49970 Property Tax Rate

Property owners in ZIP code 49970 (Watton, Michigan) pay a median of $1,239/year in property taxes on homes valued at $116,300. This translates to an effective tax rate of 1.07%, which is 13% below the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 49970 is approximately $103, which factors into escrow payments on mortgages. This ZIP code is located within Baraga County. This is $1,187 less than the Michigan average of $2,426/year.

Compared to similar ZIP codes in Michigan, 49970 has higher property taxes. ZIP codes with similar effective rates include 48341 (1.06%) and 48832 (1.07%).

In Watton, property taxes represent approximately 1.8% of the median household income of $68,125, providing context for the relative tax burden on homeowners in this area.

Baraga County properties uncap and reassess to market value at purchase under Proposal A, then increase annually at the lesser of 5% or inflation. The Principle Residence Exemption (PRE) is essential for Baraga County buyers—apply to the Baraga County Assessor within 45 days of closing to exempt school operating taxes from your primary home and reduce your annual tax burden significantly. Contact the Baraga County Assessor to obtain your property record and verify PRE exemption code and base year value.