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Bloomfield Hills, Oakland County, Michigan Property Taxes

  • Median Bloomfield Hills, MI effective property tax rate: 1.39%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.

  • Median Bloomfield Hills, MI home value: $511,780

  • Median annual Bloomfield Hills, MI tax bill: $7,256, $4,856 higher than the national median property tax bill of $2,400.

How are property taxes in Oakland County calculated?

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

Last Updated March 1, 2025

Bloomfield Hills, Oakland County, Michigan Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.77%

Estimate Property Tax Bill

$4,324

$4,013

SAVE WITH OWNWELL

$1,102

Average Tax Savings

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

By entering your property's estimated assessed value, our calculator applies Bloomfield Hills’ 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 more 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 Bloomfield Hills, Oakland County, Michigan

Local governments determine tax rates, which can differ significantly within Michigan. This variation is due to each county estimating its necessary budget to provide services, then dividing that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

Comparing Bloomfield Hills’ effective property tax rate to other cities in Michigan reveals interesting insights. Bloomfield Hills, located in Oakland County, has one of the highest median property tax rates in the area. The city's rate slightly exceeds the state median, which is notably higher than the national median property tax rate of 1.02%. This means residents of Bloomfield Hills typically face a higher property tax bill compared to the national average, which stands at $2400. Understanding these rates can guide property owners in making informed decisions about property investments and tax appeals.

Property Tax Rates Across Bloomfield Hills, 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 Bloomfield Hills Tax Rate

0.77%

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 Bloomfield Hills, Oakland County, Michigan

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
483010.56%0.64%0.76%0.91%1.00%
483020.51%0.60%0.73%0.87%0.93%
483040.50%0.62%0.81%1.01%1.36%

Source: Ownwell

Property Tax Assessment Values Across Bloomfield Hills, Oakland County, Michigan

When examining property taxes in Bloomfield 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. Assessment notices: Oakland County sends assessment notices 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 Bloomfield Hills. For example, the median home price in Bloomfield Hills is $511,780, with tax bills ranging significantly across the county. Zip code 48301 has the highest median home price at $577,240.

Property Tax Assessment Values Across Bloomfield Hills, Oakland County, Michigan

Source: Ownwell

$3,200

$684,440

$1,365,680

Median Bloomfield Hills Market Value

$561,600

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 Bloomfield Hills, Oakland County, Michigan

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
48301$388,596$479,300$631,400$966,090$1,444,352
48302$250,742$424,685$607,120$943,625$1,601,426
48304$180,580$340,970$470,540$730,660$1,414,676

Source: Ownwell

Property Tax Bills Across Bloomfield Hills, Oakland County, Michigan

In Bloomfield Hills, located in Oakland County, MI, property tax bills are calculated based on the assessed value of the home, which is typically a percentage of the market value. The median home price in this area is $511,780, leading to a range of property tax bills. Homeowners in Bloomfield Hills experience a median tax bill significantly higher than the national average of $2,400, with figures ranging from $4,830 at the 25th percentile to $20,188 at the 90th percentile. The highest median tax bill in the area is $8,131, found in the 48301 zip code. Various factors, including local tax rates and home assessments, contribute to these figures, impacting homeowners' financial obligations. Ownwell can assist homeowners in Bloomfield Hills by reviewing their property assessments to ensure accuracy, identifying potential errors, and filing appeals on their behalf. By leveraging our expertise, homeowners may achieve significant savings, ensuring they only pay their fair share of property taxes.

Property Tax Bills Across Bloomfield Hills, Oakland County, Michigan

Source: Ownwell

$69

$8,513

$16,957

Median Bloomfield Hills Tax Bill

$4,286

Median Oakland County Tax Bill

$3,235

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Bloomfield Hills, Oakland County, Michigan

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
48301$2,646$3,440$4,802$7,560$12,222
48302$1,620$2,904$4,556$7,439$12,390
48304$1,246$2,272$3,576$6,480$16,243

Source: Ownwell

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