Bloomfield Township, Oakland County, Michigan Property Taxes

Name: Property Tax Bills Across Bloomfield Township, Oakland County, Michigan
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Bloomfield Township, MI effective property tax rate: 1.37%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Bloomfield Township, MI home value: $505,850
Median annual Bloomfield Township, MI tax bill: $6,940, $4,540 higher than the national median property tax bill of $2,400.

How are property taxes in Oakland County calculated?

Property taxes in Bloomfield Township, MI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Bloomfield Township’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bloomfield Township, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Bloomfield Township, Oakland County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.37%

Estimate Property Tax Bill

$6,930

$6,431

Ownwell’s Bloomfield Township Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bloomfield Township with just two data points.

By entering your property's estimated assessed value, our calculator applies Bloomfield Township’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Oakland County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Bloomfield Township, Oakland County, Michigan

Local government entities set tax rates, which can vary widely within a state. Why? Each year, counties estimate their budget requirements to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In Bloomfield Township, located in Oakland County, Michigan, property tax rates reflect this process. Here, the effective property tax rate is 1.37%, which is higher than the national median property tax rate of 1.02%. This rate is consistent across the zip code 48302, marking it as both the highest and lowest median tax rate in the area. When compared to the national median property tax bill of $2,400, Bloomfield Township's tax obligations are notably higher, reflecting the community's investment in local services and infrastructure. Understanding these rates can help property owners anticipate their tax responsibilities and make informed decisions about property ownership in the area.

Property Tax Rates Across Bloomfield Township, Oakland County, Michigan

Source: Ownwell

0.91%

1.60%

2.28%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Bloomfield Township Tax Rate

1.37%

Median Effective Oakland County Tax Rate

1.37%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bloomfield Township, Oakland County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48302	1.02%	1.18%	1.37%	1.65%	1.83%

Source: Ownwell

Property Tax Assessment Values Across Bloomfield Township, Oakland County, Michigan

When examining property taxes in Bloomfield Township, MI, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Oakland County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Oakland County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Bloomfield Township.

For example, the median home price in Bloomfield Township is $505,850, with tax bills ranging significantly across the county. Zip code 48302 has the highest median home price at $505,850.

Property Tax Assessment Values Across Bloomfield Township, Oakland County, Michigan

Source: Ownwell

$64,640

$675,030

$1,285,420

Median Bloomfield Township Market Value

$505,850

Median Oakland County Market Value

$273,320

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bloomfield Township, Oakland County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48302	$266,814	$344,785	$505,850	$637,410	$998,134

Source: Ownwell

Property Tax Bills Across Bloomfield Township, Oakland County, Michigan

In Bloomfield Township, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the Oakland County assessor. This assessed value is typically 50% of the property's market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For homeowners in Bloomfield Township, property tax bills can vary significantly, with the 25th percentile at $5,111 and the 75th percentile at $9,405. The highest median tax bill in the area is $6,940, which is above the national median property tax bill of $2,400. Such high property taxes can be a financial burden for homeowners. Ownwell provides valuable assistance by helping homeowners appeal their property tax assessments and secure exemptions where possible. By leveraging expert knowledge and local market data, Ownwell can help reduce the assessed value of a property, potentially lowering the tax bill and providing significant savings for homeowners in Bloomfield Township.

Property Tax Bills Across Bloomfield Township, Oakland County, Michigan

Source: Ownwell

$936

$8,192

$15,447

Median Bloomfield Township Tax Bill

$6,940

Median Oakland County Tax Bill

$3,833

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Bloomfield Township, Oakland County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48302	$3,300	$5,111	$6,940	$9,405	$14,053

Source: Ownwell