Oxford, Oakland County, Michigan Property Taxes
Median Oxford, MI effective property tax rate: 1.29%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Oxford, MI home value: $324,600
Median annual Oxford, MI tax bill: $4,272, $1,872 higher than the national median property tax bill of $2,400.
How are property taxes in Oakland calculated?
Property taxes in Oxford, 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 Oxford’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Oxford, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Oxford, Oakland County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.86%
Estimate Property Tax Bill
$3,116
$2,892
$1,102
Average Tax Savings
Property Tax Rates Across Oxford, Oakland County, Michigan
Local government entities set tax rates, which can vary widely within a state. Why? Because 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 Oxford’s effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S.
In Oxford, located in Oakland County, the effective property tax rate is slightly above the national median of 1.02%, reflecting the state’s overall higher rates. Michigan’s median property tax rate stands at 1.29%, with Oxford closely aligning with this figure. Interestingly, within the same ZIP code, rates can differ; for instance, the highest median tax rate in the area is 1.30% while the lowest is 1.22%. This variance highlights how localized factors influence property taxes. Understanding these rates is crucial for property owners aiming 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 Oxford Tax Rate
0.86%
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 Oxford, Oakland County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48370 | 0.62% | 0.69% | 0.82% | 1.02% | 1.12% |
| 48371 | 0.58% | 0.68% | 0.86% | 1.03% | 1.29% |
Source: Ownwell
$1,102
Average Oxford Tax Savings
Save on Your Property Taxes and More With Ownwell
Property Tax Assessment Values Across Oxford, Oakland County, Michigan
When examining property taxes in Oxford, 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 Equalization Department 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 Oxford. For example, the median home price in Oxford is $324,600, with tax bills ranging significantly across the county. Zip code 48370 has the highest median home price at $417,220.
Property Tax Assessment Values Across Oxford, Oakland County, Michigan
Source: Ownwell
$3,200
$684,440
$1,365,680
Median Oxford Market Value
$362,380
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 Oxford, Oakland County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48370 | $247,682 | $335,805 | $460,810 | $627,495 | $811,440 |
| 48371 | $201,500 | $272,870 | $356,940 | $451,410 | $576,504 |
Source: Ownwell
$1,102
Average Oxford Tax Savings
Save on Your Property Taxes and More With Ownwell
Property Tax Bills Across Oxford, Oakland County, Michigan
In Oxford, located in Oakland County, MI, property tax bills are calculated based on the assessed value of a home, which is typically half of its market value. With the median home price at $324,600, property taxes in this region can significantly impact homeowners. The tax bill varies, with the 25th percentile at $3,071 and the 75th percentile reaching $5,789. Some homeowners even face tax bills as high as $7,800 at the 90th percentile. Compared to the national median property tax bill of $2,400, Oxford's rates are notably higher, reflecting the region's property values and local tax rates.
Factors such as local government budgets and school funding needs influence the tax rate, affecting how much homeowners pay annually. For those in the highest median tax bill zip code, 48370, bills can soar to $5,103. Ownwell offers expertise in navigating these complexities, helping homeowners in Oxford reduce their property tax bills through appeals and exemptions, ensuring they pay only their fair share.
Median Oxford Tax Bill
$3,033
Median Oakland County Tax Bill
$3,235
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Oxford, Oakland County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48370 | $2,149 | $2,925 | $3,773 | $5,248 | $7,053 |
| 48371 | $1,597 | $2,125 | $2,970 | $4,205 | $5,733 |
Source: Ownwell
$1,102
Average Oxford 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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