Beverly Hills, Oakland County, Michigan Property Taxes
Median Beverly Hills, 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 Beverly Hills, MI home value: $446,460
Median annual Beverly Hills, MI tax bill: $6,008, $3,608 higher than the national median property tax bill of $2,400.
How are property taxes in Oakland calculated?
Property taxes in Beverly Hills, 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 Beverly Hills’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Beverly Hills, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Beverly Hills, Oakland County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.16%
Estimate Property Tax Bill
$5,586
$5,183
$1,102
Average Tax Savings
Property Tax Rates Across Beverly Hills, Oakland County, Michigan
Local government entities set tax rates, which can vary widely within a state. 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.
Beverly Hills in Oakland County, MI, offers a unique perspective on property tax rates. The effective property tax rate here stands at 1.26%, which is higher than the national median of 1.02%. When comparing Beverly Hills to other cities in Michigan, it aligns with the state’s median rate, indicating a consistent approach to property taxation within the region. However, when contrasted with the national median property tax bill of $2400, residents in Beverly Hills may experience a higher financial obligation due to the elevated rate. Understanding these distinctions is crucial for property owners seeking to manage their tax liabilities effectively.
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 Beverly Hills Tax Rate
1.16%
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 Beverly Hills, Oakland County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48025 | 0.98% | 1.05% | 1.16% | 1.56% | 1.70% |
Source: Ownwell
$1,102
Average Beverly Hills Tax Savings
Save on Your Property Taxes and More With Ownwell
Property Tax Assessment Values Across Beverly Hills, Oakland County, Michigan
When examining property taxes in Beverly Hills, 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 May. 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 Beverly Hills.
For example, the median home price in Beverly Hills is $446,460, with tax bills ranging significantly across the county. Zip code 48025 has the highest median home price at $446,460.
Property Tax Assessment Values Across Beverly Hills, Oakland County, Michigan
Source: Ownwell
$3,200
$684,440
$1,365,680
Median Beverly Hills Market Value
$481,520
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 Beverly Hills, Oakland County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48025 | $304,988 | $372,280 | $481,520 | $592,000 | $719,416 |
Source: Ownwell
$1,102
Average Beverly Hills Tax Savings
Save on Your Property Taxes and More With Ownwell
Property Tax Bills Across Beverly Hills, Oakland County, Michigan
In Beverly Hills, MI, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in this area is $446,460, and the tax bill can vary significantly. Homeowners in the 25th percentile pay around $4,665, while those in the 75th percentile see bills as high as $7,841, and the 90th percentile reaches $9,887. The property tax rate in Oakland County contributes to these figures, resulting in a higher tax bill compared to the national median of $2,400. This can place a substantial financial burden on homeowners.
Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing your property's assessed value and market data, Ownwell can identify potential savings and guide you through the appeal process. This expert assistance can lead to a reduction in your property tax bill, helping you save money and ensure that you are not overpaying on your property taxes.
Median Beverly Hills Tax Bill
$5,915
Median Oakland County Tax Bill
$3,235
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Beverly Hills, Oakland County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48025 | $3,637 | $4,590 | $5,915 | $7,753 | $9,877 |
Source: Ownwell
$1,102
Average Beverly Hills Tax Savings
Save on Your Property Taxes and More With Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 1 |
Links | |
|---|---|
| Oakland Tax Assessor | |
| Website | app.regrid.com |
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