Traverse City, MI — income, home value, property tax, and sales tax.
In ZIP code 49637, near Traverse City, homes carry a median value of $237,100, and the county's 0.89% effective property tax rate works out to roughly $2,110 a year on such a home. With median household income at $75,000, that tax equals about 2.8% of annual earnings, a share many owners can absorb without straining. Per-capita income sits at $32,867, meaning single earners may feel the bite more sharply. Sales tax across the area totals 6.00%, adding a bit to everyday purchases.
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