Home
/US Property Taxes
/Michigan
/Oakland County
/Lathrup Village

Lathrup Village, Oakland County, Michigan Property Taxes

$774 avg. annual savings
No Upfront Costs
You only pay if we save

Property Taxes in Lathrup Village, Michigan

  • Median Lathrup Village, MI effective property tax rate: 1.41%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.

  • Median Lathrup Village, MI home value: $269,860

  • Median annual Lathrup Village, MI tax bill: $3,945, $1,545 higher than the national median property tax bill of $2,400.

How are property taxes in Oakland County calculated?

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

Last Updated March 1, 2025

Lathrup Village, Oakland County, Michigan Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.17%

Estimate Property Tax Bill

$3,546

$3,291

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

Ownwell’s Lathrup Village Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lathrup Village with just two data points. By entering your property's estimated assessed value, our calculator applies Lathrup Village’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 Lathrup Village, 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. Below, you can compare Lathrup Village’s effective property tax rate to other cities in MI and the median property tax rates in MI and the U.S.

In Lathrup Village, located in Oakland County, the effective property tax rate is a notable 1.41%. This rate stands out when compared to the national median property tax rate of 1.02%. Homeowners in Lathrup Village face property tax bills that are significantly higher than the national median of $2400. The consistency of this rate across the region means that property owners in the area are contributing more toward local services than the average American homeowner. Understanding these differences can help property owners make informed decisions about their investments and potential tax liabilities.

Property Tax Rates Across Lathrup Village, Oakland County, Michigan

Source: Ownwell

0.50%

1.30%

2.10%

Our median effective property tax rate (tax bill Ă· 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 Lathrup Village Tax Rate

1.17%

Our median effective property tax rate (tax bill Ă· 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 Lathrup Village, Oakland County, Michigan

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
480760.95%1.07%1.17%1.76%2.14%

Source: Ownwell

Property Tax Assessment Values Across Lathrup Village, Oakland County, Michigan

When examining property taxes in Lathrup Village, 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 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 Lathrup Village. For example, the median home price in Lathrup Village is $269,860, with tax bills ranging significantly across the county. Zip code 48076 has the highest median home price at $269,860.

Property Tax Assessment Values Across Lathrup Village, Oakland County, Michigan

Source: Ownwell

$3,200

$684,440

$1,365,680

Median Lathrup Village Market Value

$303,080

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 Lathrup Village, Oakland County, Michigan

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
48076$221,358$264,430$303,080$344,045$401,482

Source: Ownwell

Property Tax Bills Across Lathrup Village, Oakland County, Michigan

In Lathrup Village, located in Oakland County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by county assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $269,860, homeowners in Lathrup Village face property tax bills that can vary significantly. The 25th percentile tax bill is $3,291, while the 75th percentile reaches $5,225, and the 90th percentile climbs to $6,729. This variation highlights the impact of differing property values and tax rates on homeowners. Compared to the national median property tax bill of $2,400, Lathrup Village homeowners often pay higher amounts, which can pose a financial burden. Ownwell can assist homeowners by providing expert property tax appeal and exemption services, potentially reducing their tax bills. By analyzing local property assessments and ensuring fair evaluations, Ownwell helps homeowners achieve significant savings on their property taxes.

Property Tax Bills Across Lathrup Village, Oakland County, Michigan

Source: Ownwell

$69

$8,513

$16,957

Median Lathrup Village Tax Bill

$3,768

Median Oakland County Tax Bill

$3,235

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Lathrup Village, Oakland County, Michigan

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
48076$2,638$3,115$3,768$5,253$6,770

Source: Ownwell

Don't miss the deadline to appeal!

Frequently Asked Property Tax Questions in Lathrup Village, Michigan

How are property taxes calculated in Lathrup Village, Michigan?
Property taxes in Lathrup Village, Michigan are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.
How do I appeal my property taxes in Lathrup Village, Michigan?
To appeal your property taxes in Lathrup Village, Michigan, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.
What property tax exemptions are available in Lathrup Village, Michigan?
Common property tax exemptions in Lathrup Village, Michigan include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.
When are property taxes due in Lathrup Village, Michigan?
Property tax deadlines in Lathrup Village, Michigan vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.
How can Ownwell help reduce my property taxes in Lathrup Village, Michigan?
Ownwell provides professional property tax appeal services in Lathrup Village, Michigan. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.