Bancroft, MI — income, home value, property tax, and sales tax.
In ZIP code 48817, which takes in Bancroft, homes carry a median value of $171,700 while the county-level property tax rate sits at 1.31%. That works out to roughly $2,250 a year in property taxes on a median-valued home. Households here bring in a median of $55,194, so the tax bill would claim about 4% of that income. Per-capita income stands at $33,068. Combined with a 6.00% sales tax rate, the overall cost of living shapes how far earnings stretch for homeowners in this area.
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