Ferndale, Oakland County, Michigan Property Taxes
Median Ferndale, MI effective property tax rate: 1.61%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Ferndale, MI home value: $203,180
Median annual Ferndale, MI tax bill: $3,342, $942 higher than the national median property tax bill of $2,400.
How are property taxes in Oakland calculated?
Property taxes in Ferndale, 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 Ferndale’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ferndale, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ferndale, Oakland County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.56%
Estimate Property Tax Bill
$3,412
$3,166
$1,102
Average Tax Savings
Property Tax Rates Across Ferndale, Oakland County, Michigan
Local government entities set tax rates, which can vary widely within a state. 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.
In Ferndale, located in Oakland County, Michigan, the effective property tax rate stands at 1.61%. This rate is notably higher than the national median property tax rate of 1.02%. When compared to other cities in Michigan, Ferndale's tax rate is consistent, reflecting the county's budgeting and valuation practices. The median property tax bill for homeowners in Ferndale is influenced by this rate, emphasizing the importance of understanding local tax dynamics. By comparing Ferndale’s effective property tax rate to other cities in Michigan and the national median, homeowners can gain insights into how their property tax obligations align with broader trends. Understanding these differences can empower property owners to make informed decisions about their real estate investments and financial planning.
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 Ferndale Tax Rate
1.56%
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 Ferndale, Oakland County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48220 | 0.99% | 1.15% | 1.56% | 2.30% | 2.57% |
Source: Ownwell
$1,102
Average Ferndale Tax Savings
Save on Your Property Taxes and More With Ownwell
Property Tax Assessment Values Across Ferndale, Oakland County, Michigan
When examining property taxes in Ferndale, 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 assessment office 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 Ferndale. For example, the median home price in Ferndale is $203,180, with tax bills ranging significantly across the county. 48220 has the highest median home price at $203,180.
Property Tax Assessment Values Across Ferndale, Oakland County, Michigan
Source: Ownwell
$3,200
$684,440
$1,365,680
Median Ferndale Market Value
$218,690
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 Ferndale, Oakland County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48220 | $140,880 | $175,315 | $218,690 | $275,585 | $352,914 |
Source: Ownwell
$1,102
Average Ferndale Tax Savings
Save on Your Property Taxes and More With Ownwell
Property Tax Bills Across Ferndale, Oakland County, Michigan
In Ferndale, Michigan, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. Oakland County's tax rate plays a significant role in determining the final bill. For homeowners in Ferndale, the median home price is $203,180, and the tax bill can vary widely. The 25th percentile tax bill is $2,294, while the 75th percentile reaches $4,897, and the 90th percentile climbs to $6,628. These figures highlight how tax bills can significantly impact homeowners, potentially exceeding the national median property tax bill of $2,400.
Ownwell offers valuable assistance by helping homeowners appeal their property tax assessments, potentially lowering their tax bills. By analyzing property data and market trends, Ownwell identifies discrepancies in assessed values, ensuring homeowners are not overpaying. This service can lead to substantial savings, providing financial relief and peace of mind. Homeowners in Ferndale can benefit from Ownwell's expertise, ensuring their property taxes are fair and manageable.
Median Ferndale Tax Bill
$3,678
Median Oakland County Tax Bill
$3,235
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Ferndale, Oakland County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48220 | $1,706 | $2,338 | $3,678 | $5,395 | $7,242 |
Source: Ownwell
$1,102
Average Ferndale 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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