Grand Rapids, MI — income, home value, property tax, and sales tax.
In ZIP code 49341, near Grand Rapids, homes carry a median value of $382,600, and the county-level effective property tax rate of 1.11% translates into roughly $4,247 in annual property taxes on such a home. With median household income at $113,989, that tax bill equals about 3.7% of yearly earnings, a share that leaves room in most budgets. Per-capita income stands at $50,750, and the combined sales tax rate is 6.00%. Buyers weighing a purchase here should factor the property tax into their monthly costs alongside the mortgage.
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