Oakley, Saginaw County, Michigan Property Taxes
Median Oakley, MI effective property tax rate: 0.43%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Oakley, MI home value: $138,100
Median annual Oakley, MI tax bill: $624, $1,776 lower than the national median property tax bill of $2,400.
How are property taxes in Saginaw calculated?
Property taxes in Oakley, 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 Oakley’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Oakley, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Oakley, Saginaw County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.42%
Estimate Property Tax Bill
$574
$532
Property Tax Rates Across Oakley, Saginaw County, Michigan
Local government entities in Michigan, like those in other states, set property tax rates that can vary significantly. This variation stems from each county's annual estimation of its budget needs for services, which is then divided by the total value of taxable property within the jurisdiction, resulting in the property tax rate. While votes and legislation influence these rates and budgets, this process is the essence of how property taxes are determined annually.
In Oakley, located in Saginaw County, the effective property tax rate can be compared to other cities within Michigan as well as to the state's median and the national average. Michigan's median property tax rate is significantly lower than the national median of 1.02%. This comparison highlights how Oakley’s property tax rate stands in relation to broader state and national figures, offering a perspective on the relative tax burden for property owners in this region. Understanding these differences is crucial for property owners considering tax appeals or exemptions.
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 Oakley Tax Rate
0.42%
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 Saginaw County Tax Rate
0.75%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Oakley, Saginaw County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48649 | 0.34% | 0.38% | 0.42% | 0.53% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Oakley, Saginaw County, Michigan
When examining property taxes in Oakley, 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 Saginaw 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 Saginaw County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Oakley. For example, the median home price in Oakley is $138,100, with tax bills ranging significantly across the county. 48649 has the highest median home price at $138,100.
Property Tax Assessment Values Across Oakley, Saginaw County, Michigan
Source: Ownwell
$28,400
$152,200
$276,000
Median Oakley Market Value
$136,600
Median Saginaw County Market Value
$133,200
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Oakley, Saginaw County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48649 | $46,800 | $94,000 | $136,600 | $195,400 | $250,400 |
Source: Ownwell
Property Tax Bills Across Oakley, Saginaw County, Michigan
Median Oakley Tax Bill
$686
Median Saginaw County Tax Bill
$971
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Oakley, Saginaw County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48649 | $309 | $480 | $686 | $954 | $1,238 |
Source: Ownwell