Pontiac, Oakland County, Michigan Property Taxes

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

Median Pontiac, MI effective property tax rate: 1.26%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Pontiac, MI home value: $75,000
Median annual Pontiac, MI tax bill: $993, $1,407 lower than the national median property tax bill of $2,400.

How are property taxes in Oakland calculated?

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

Last Updated March 1, 2025

Pontiac, Oakland County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.26%

Estimate Property Tax Bill

$945

$877

Ownwell’s Pontiac Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Pontiac with just two data points. By entering your property's estimated assessed value, our calculator applies Pontiac’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 Pontiac, Oakland County, Michigan

Local government entities are responsible for setting tax rates, which can vary significantly within a state. Annually, each county estimates the budget needed to provide essential services and divides it by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in determining tax rates and budgets, this is the basic annual process.

Pontiac in Oakland County, Michigan, exemplifies this variation. The effective property tax rate in Pontiac is 1.26%, which is above the national median of 1.02%. Within Pontiac, the highest median tax rate is found in the 48342 ZIP code at 1.46%, while the lowest is in the 48340 ZIP code at 1.19%. Comparing these rates to other cities in Michigan and the national average provides a clearer picture of how Pontiac's property tax rates stand relative to broader benchmarks. Understanding these differences is crucial for property owners seeking to manage their tax liabilities effectively.

Property Tax Rates Across Pontiac, 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 Pontiac Tax Rate

1.26%

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 Pontiac, Oakland County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48340	0.79%	0.89%	1.19%	1.57%	2.16%
48341	0.74%	0.90%	1.21%	1.69%	2.38%
48342	0.89%	1.07%	1.46%	1.88%	2.76%

Source: Ownwell

Property Tax Assessment Values Across Pontiac, Oakland County, Michigan

When examining property taxes in Pontiac, 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 Pontiac. For example, the median home price in Pontiac is $75,000, with tax bills ranging significantly across the county. Zip code 48341 has the highest median home price at $93,840.

Property Tax Assessment Values Across Pontiac, Oakland County, Michigan

Source: Ownwell

$64,640

$675,030

$1,285,420

Median Pontiac Market Value

$75,000

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 Pontiac, Oakland County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48340	$54,736	$63,420	$75,820	$99,920	$172,560
48341	$41,720	$55,010	$93,840	$135,950	$182,040
48342	$38,246	$47,815	$64,640	$89,000	$111,188

Source: Ownwell

Property Tax Bills Across Pontiac, Oakland County, Michigan

In Pontiac, located in Oakland County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value, which is then multiplied by the local tax rate to determine the tax bill. The median home price in Pontiac is $75,000, and tax bills can range significantly. For example, the 25th percentile tax bill is $711, while the 75th percentile is $1,484, and the 90th percentile reaches $2,086. The highest median tax bill in the area is $1,117 in the 48341 zip code, compared to the lowest median tax bill of $936 in the 48342 zip code. These figures indicate that property taxes can have a significant impact on homeowners in Pontiac, especially when compared to the national median property tax bill of $2,400. Ownwell can assist homeowners by identifying potential savings through appeals and exemptions, ensuring they do not overpay on their property taxes.

Property Tax Bills Across Pontiac, Oakland County, Michigan

Source: Ownwell

$936

$8,192

$15,447

Median Pontiac Tax Bill

$993

Median Oakland County Tax Bill

$3,833

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Pontiac, Oakland County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48340	$569	$702	$954	$1,427	$2,018
48341	$566	$770	$1,117	$1,646	$2,367
48342	$534	$681	$936	$1,383	$1,920

Source: Ownwell