Holly, Oakland County, Michigan Property Taxes
Median Holly, MI effective property tax rate: 1.06%, slightly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%. Median Holly, MI home value: $247,960. Median annual Holly, MI tax bill: $2,647, $247 higher than the national median property tax bill of $2,400.
How are property taxes in Oakland County calculated?
Property taxes in Holly, 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 Holly’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Holly, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Holly, Oakland County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.06%
Estimate Property Tax Bill
$2,628
$2,439
Property Tax Rates Across Holly, Oakland County, Michigan
Local government entities determine property tax rates, which can differ significantly within a state. Each year, counties estimate the budget needed to provide essential services and then divide this by the total value of all taxable properties in the area. This division establishes the property tax rate. Although votes and laws influence these rates and budgets, this is the basic annual procedure.
In Holly, located in Oakland County, Michigan, the effective property tax rate is 1.06%. This rate aligns with the highest and lowest median tax rates in the state, both at 1.06%. When compared to the national median property tax rate of 1.02%, Holly's rate is slightly higher. The national median property tax bill is $2,400, providing a benchmark to gauge how local rates compare. Understanding these figures can help property owners in Holly make informed decisions about property tax appeals and exemptions. By comparing Holly’s property tax rate with those of other cities in Michigan and across the country, residents can better understand their tax obligations and potential savings.
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 Holly Tax Rate
1.06%
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 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 Holly, Oakland County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48442 | 0.77% | 0.87% | 1.06% | 1.35% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Holly, Oakland County, Michigan
When examining property taxes in Holly, Michigan, 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 assessment 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 Holly.
For example, the median home price in Holly is $247,960, with tax bills ranging significantly across the county. Zip code 48442 has the highest median home price at $247,960.
Property Tax Assessment Values Across Holly, Oakland County, Michigan
Source: Ownwell
$64,640
$675,030
$1,285,420
Median Holly Market Value
$247,960
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 Holly, Oakland County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48442 | $134,100 | $173,820 | $247,960 | $332,030 | $454,776 |
Source: Ownwell
Property Tax Bills Across Holly, Oakland County, Michigan
Median Holly Tax Bill
$2,647
Median Oakland County Tax Bill
$3,833
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Holly, Oakland County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48442 | $1,457 | $1,928 | $2,647 | $3,661 | $4,990 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Oakland Tax Assessor | |
| Website | app.regrid.com |