Dryden, Oakland County, Michigan Property Taxes

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

Median Dryden, MI effective property tax rate: 0.78%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Dryden, MI home value: $729,310
Median annual Dryden, MI tax bill: $5,544, $3,144 higher than the national median property tax bill of $2,400.

How are property taxes in Oakland calculated?

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

Last Updated March 1, 2025

Dryden, Oakland County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.78%

Estimate Property Tax Bill

$5,689

$5,279

Ownwell’s Dryden Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Dryden with just two data points. By entering your property's estimated assessed value, our calculator applies Dryden’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. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Dryden, Oakland County, Michigan

Local government entities determine tax rates, which can differ significantly within a state. This variation arises because each county, including Dryden in Lapeer County, MI, estimates its budget needs annually to fund essential services. The county then divides this budget by the total assessed value of all taxable property in its area, resulting in the property tax rate. Although setting tax rates and budgets involves legal procedures and public votes, this is the fundamental process.

In Dryden, property owners experience an effective tax rate that may differ from other cities in Michigan. The median property tax rate in Michigan is 1.31%, which is higher than the national median of 1.02%. However, Dryden's rate is significantly lower than both the state and national medians. This lower rate can make Dryden an attractive option for property owners looking to minimize their tax burden. Understanding these differences can help residents make informed decisions about property ownership and investments in Dryden and the surrounding areas.

Property Tax Rates Across Dryden, 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 Dryden Tax Rate

0.78%

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 Dryden, Oakland County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48428	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Dryden, Oakland County, Michigan

When examining property taxes in Dryden, 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 Dryden. For example, the median home price in Dryden is $729,310, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Dryden, Oakland County, Michigan

Source: Ownwell

$64,640

$675,030

$1,285,420

Median Dryden Market Value

$729,310

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 Dryden, Oakland County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48428	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Dryden, Oakland County, Michigan

In Dryden, Michigan, property tax bills are determined by assessing the property's market value and applying the local tax rate. Homeowners in Oakland County face a median property tax rate that is above the national median of 1.02%, leading to substantial tax bills. For example, a home valued at the median price of $729,310 could result in a tax bill significantly higher than the national median of $2,400. The 25th percentile tax bill is $5,143, while the 75th percentile reaches $6,048, with some bills soaring to $30,951 at the 90th percentile. These figures highlight the financial burden on homeowners, making it crucial to ensure accurate assessments. Ownwell offers valuable assistance by reviewing property assessments and identifying potential overvaluations. By filing appeals and seeking exemptions, Ownwell helps homeowners reduce their property tax liabilities, ensuring they only pay their fair share. This service not only alleviates financial strain but also provides peace of mind, knowing that their property taxes align with their property's true market value.

Property Tax Bills Across Dryden, Oakland County, Michigan

Source: Ownwell

$936

$8,192

$15,447

Median Dryden Tax Bill

$5,544

Median Oakland County Tax Bill

$3,833

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Dryden, Oakland County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48428	N/A	N/A	N/A	N/A	N/A

Source: Ownwell