W Bloomfld Tw, Oakland County, Michigan Property Taxes

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

Median W BLOOMFLD TW, MI effective property tax rate: 1.46%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median W BLOOMFLD TW, MI home value: $551,260
Median annual W BLOOMFLD TW, MI tax bill: $8,697, $6,297 higher than the national median property tax bill of $2,400.

How are property taxes in Oakland calculated?

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

Last Updated March 1, 2025

W Bloomfld Tw, Oakland County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.94%

Estimate Property Tax Bill

$6,161

$5,718

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

By entering your property's estimated assessed value, our calculator applies W BLOOMFLD TW’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 W Bloomfld Tw, Oakland County, Michigan

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget annually to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.

In W Bloomfld Tw, located in Oakland County, MI, the effective property tax rate is 1.46%. This rate is higher than the national median property tax rate of 1.02%. When comparing W Bloomfld Tw’s property tax rate with other cities in Michigan, it matches the highest median tax rate in the state.

While the national median property tax bill is $2,400, property owners in W Bloomfld Tw may find their tax bills higher due to the elevated rate. Understanding these differences in property tax rates can help homeowners make informed decisions about purchasing or appealing their property taxes. By comparing the effective property tax rate of W Bloomfld Tw to other cities in Michigan and the U.S., homeowners can better grasp the financial implications of property ownership in this region.

Property Tax Rates Across W Bloomfld Tw, 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 W Bloomfld Tw Tax Rate

0.94%

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 W Bloomfld Tw, Oakland County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48328	0.51%	0.82%	0.94%	1.04%	1.51%

Source: Ownwell

Property Tax Assessment Values Across W Bloomfld Tw, Oakland County, Michigan

When examining property taxes in W Bloomfld Tw, 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 W Bloomfld Tw. For example, the median home price in W Bloomfld Tw is $551,260, with tax bills ranging significantly across the county. Zip code 48328 has the highest median home price at $551,260.

Property Tax Assessment Values Across W Bloomfld Tw, Oakland County, Michigan

Source: Ownwell

$3,200

$684,440

$1,365,680

Median W Bloomfld Tw Market Value

$655,460

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 W Bloomfld Tw, Oakland County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48328	$177,332	$446,790	$655,460	$976,330	$1,261,774

Source: Ownwell

Property Tax Bills Across W Bloomfld Tw, Oakland County, Michigan

In W Bloomfield Township, located in Oakland County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is a percentage of the market value of the property. The median home price in this area is $551,260, leading to property tax bills that can vary significantly. For instance, the tax bill at the 25th percentile is $5,237, while at the 75th percentile, it reaches $10,870, and at the 90th percentile, it climbs to $16,671. These figures are considerably higher than the national median property tax bill of $2,400, reflecting the higher property values in this region. Homeowners in W Bloomfield Township can benefit from Ownwell's expertise in property tax appeal services. By challenging inaccurate assessments and ensuring all eligible exemptions are applied, Ownwell can help reduce the property tax burden, potentially saving homeowners thousands of dollars annually.

Property Tax Bills Across W Bloomfld Tw, Oakland County, Michigan

Source: Ownwell

$69

$8,513

$16,957

Median W Bloomfld Tw Tax Bill

$6,357

Median Oakland County Tax Bill

$3,235

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across W Bloomfld Tw, Oakland County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48328	$943	$4,235	$6,357	$9,455	$17,749

Source: Ownwell

Don't miss the deadline to appeal!

Dates

Links
Oakland Tax Assessor
Website	app.regrid.com