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Bloomfield Township, Oakland County, Michigan Property Taxes

  • Median Bloomfield Township, MI effective property tax rate: 1.37%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.

  • Median Bloomfield Township, MI home value: $505,850

  • Median annual Bloomfield Township, MI tax bill: $6,940, $4,540 higher than the national median property tax bill of $2,400.

How are property taxes in Oakland County calculated?

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

Last Updated March 1, 2025

Bloomfield Township, Oakland County, Michigan Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.7%

Estimate Property Tax Bill

$3,807

$3,533

SAVE WITH OWNWELL

$1,102

Average Tax Savings

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

Local government entities set tax rates, which can vary widely within a state. Why? Each year, counties estimate their budget requirements to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In Bloomfield Township, located in Oakland County, Michigan, property tax rates reflect this process. Here, the effective property tax rate is 1.37%, which is higher than the national median property tax rate of 1.02%. This rate is consistent across the zip code 48302, marking it as both the highest and lowest median tax rate in the area. When compared to the national median property tax bill of $2,400, Bloomfield Township's tax obligations are notably higher, reflecting the community's investment in local services and infrastructure. Understanding these rates can help property owners anticipate their tax responsibilities and make informed decisions about property ownership in the area.

Property Tax Rates Across Bloomfield Township, 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 Township Tax Rate

0.70%

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 Township, Oakland County, Michigan

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
483020.49%0.60%0.70%0.86%0.93%

Source: Ownwell

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

When examining property taxes in Bloomfield Township, 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 Bloomfield Township.

For example, the median home price in Bloomfield Township is $505,850, with tax bills ranging significantly across the county. Zip code 48302 has the highest median home price at $505,850.

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

Source: Ownwell

$3,200

$684,440

$1,365,680

Median Bloomfield Township Market Value

$543,880

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 Township, Oakland County, Michigan

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
48302$272,336$376,950$543,880$699,285$1,059,922

Source: Ownwell

Property Tax Bills Across Bloomfield Township, Oakland County, Michigan

In Bloomfield Township, Oakland County, MI, property tax bills are calculated based on assessed property values and the local tax rate. The assessed value typically represents half of the market value of a property. With a median home price of $505,850, homeowners in Bloomfield Township can expect their property tax bills to vary significantly. The median tax bill in the area is $6,940, which is notably higher than the national median property tax bill of $2,400. Factors influencing the tax bill include the property's assessed value and any applicable exemptions or deductions. Higher-value properties may see tax bills reaching the 90th percentile at $14,053, while those at the 25th percentile are around $5,111. This variability can impact homeowners' financial planning and affordability. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemption services, helping to ensure that their property tax assessments are fair and accurate. By leveraging Ownwell's expertise, homeowners can potentially reduce their tax burden and achieve significant savings.

Property Tax Bills Across Bloomfield Township, Oakland County, Michigan

Source: Ownwell

$69

$8,513

$16,957

Median Bloomfield Township Tax Bill

$3,883

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 Township, Oakland County, Michigan

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
48302$1,675$2,792$3,883$5,407$8,196

Source: Ownwell

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