Home
/US Property Taxes
/Michigan
/Oakland County
/Novi

Novi, Oakland County, Michigan Property Taxes

$774 avg. annual savings
No Upfront Costs
You only pay if we save

Property Taxes in Novi, Michigan

  • Median Novi, Michigan effective property tax rate: 1.35%, significantly higher than the national median of 1.02%, and higher than the Michigan state median of 1.05%.

  • Median Novi, Michigan home value: $376,610

  • Median annual Novi, Michigan tax bill: $5,178, $2,778 higher than the national median property tax bill of $2,400.

How are property taxes in Oakland calculated?

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

Last Updated April 13, 2026

Novi, Oakland County, Michigan Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.35%

Estimate Property Tax Bill

$5,084

$4,718

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

How Does the Novi Property Tax Calculator Work?

Use this Novi property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Novi's median effective tax rate of 1.35% — based on actual property records in Oakland County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Novi's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Your bill may vary by ZIP code within Novi: rates range from $4,024.00 in 48375 to $7,450.00 in 48374, primarily due to differences in school district levies and local assessment districts.

Novi's median property tax bill of $5,178 is higher than the Michigan median of 1.05% and higher than the national median property tax rate of 1.02%. If your estimate is higher than expected, Ownwell can appeal your Novi assessment — you only pay if we save you money.

About Novi Property Taxes

About Property Taxes in Novi, Oakland, Michigan

Novi's median effective property tax rate of 1.35% is higher than the Michigan state median of 1.05% and higher than the national median of 1.02%. This rate reflects the Oakland County base levy combined with local school district levies and tax increment finance districts that vary by subdivision throughout the city.

Property tax rates are not uniform across Novi. Homeowners in the 48374 ZIP code carry a median effective rate of 1.45%, while those in 48375 pay 1.24%. This spread — 0.21 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Oakland County. Understanding which part of Novi you live in can make a meaningful difference to your annual tax bill.

Novi homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the March 9, 2026 deadline each year.

If your estimated bill seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.

Property Tax Rates Across Novi, Oakland County, Michigan

As noted earlier, local government entities set tax rates, which can vary widely within a state.

Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.

While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare Novi's effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S.

Property Tax Rates Across Novi, Oakland County, Michigan

Source: Ownwell

0.50%

1.30%

2.10%

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 Novi Tax Rate

1.35%

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

1.04%

Median Effective Michigan Tax Rate

1.05%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Novi, Oakland County, Michigan

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
483741.12%1.25%1.45%1.56%1.61%
483750.86%1.03%1.24%1.51%1.59%
483770.98%1.21%1.45%1.58%1.91%

Source: Ownwell

Property Tax Assessment Values Across Novi, Oakland County, Michigan

When examining property taxes in Novi, 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 assessor 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.

Assessment notices in Oakland County are sent in the spring each year and typically reach your mailbox by the middle of the month. 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.

For example, the median home price in Novi is $376,610, with tax bills ranging significantly across the county. Zip code 48374 has the highest median home price at $521,870, while tax bills range from $4,024 in 48375 to $7,450 in 48374.

Property Tax Assessment Values Across Novi, Oakland County, Michigan

Source: Ownwell

$3,200

$684,440

$1,365,680

Median Novi Market Value

$376,610

Median Oakland County Market Value

$301,920

Median Michigan Market Value

$213,740

Median United States Market Value

$235,294

Property Tax Assessment Values Across Novi, Oakland County, Michigan

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
48374$329,898$415,485$521,870$638,415$748,972
48375$145,260$207,600$321,080$425,000$532,220
48377$106,236$229,230$287,740$439,420$536,964

Source: Ownwell

Property Tax Bills Across Novi, Oakland County, Michigan

Property tax bills in Novi are based on the assessed value of your home and the local tax rate set by taxing authorities in Oakland County. When a home’s market value rises, the assessed value can increase too, which often leads to a higher property tax bill. For homeowners, that means taxes can change even if nothing about the home itself has changed.

In Novi, the median home price is $376,610, and property tax bills vary widely across the city. The 25th percentile tax bill is $3,352, while the 75th percentile is $7,393 and the 90th percentile reaches $9,481. That range shows how much assessed values and local rates can affect what homeowners pay. The highest median tax bill is $7,450 in ZIP code 48374, while the lowest median tax bill is $4,024 in ZIP code 48375.

Ownwell helps homeowners lower property tax bills by reviewing assessments, identifying potential overassessments, and filing appeals when appropriate. That can lead to meaningful savings and help ensure you are not paying more than your fair share.

Property Tax Bills Across Novi, Oakland County, Michigan

Source: Ownwell

$69

$8,513

$16,957

Median Novi Tax Bill

$5,178

Median Oakland County Tax Bill

$3,235

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Novi, Oakland County, Michigan

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
48374$4,203$5,632$7,450$9,368$11,359
48375$1,514$2,692$4,024$5,789$7,593
48377$2,255$3,294$4,740$6,551$8,363

Source: Ownwell

Don't miss the deadline to appeal!

Frequently Asked Property Tax Questions in Novi, Michigan

How are property taxes calculated in Novi, Michigan?
Property taxes in Novi, Michigan are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.
How do I appeal my property taxes in Novi, Michigan?
To appeal your property taxes in Novi, Michigan, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.
What property tax exemptions are available in Novi, Michigan?
Common property tax exemptions in Novi, Michigan include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.
When are property taxes due in Novi, Michigan?
Property tax deadlines in Novi, Michigan vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.
How can Ownwell help reduce my property taxes in Novi, Michigan?
Ownwell provides professional property tax appeal services in Novi, Michigan. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.