Pleasant Ridge, Oakland County, Michigan Property Taxes
Median Pleasant Ridge, MI effective property tax rate: 1.59%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Pleasant Ridge, MI home value: $388,490.
Median annual Pleasant Ridge, MI tax bill: $6,531, $4,131 higher than the national median property tax bill of $2,400.
How are property taxes in Oakland calculated?
Property taxes in Pleasant Ridge, 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 Pleasant Ridge’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Pleasant Ridge, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Pleasant Ridge, Oakland County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.66%
Estimate Property Tax Bill
$6,811
$6,321
$1,102
Average Tax Savings
Property Tax Rates Across Pleasant Ridge, Oakland County, Michigan
Local government entities determine tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its budgetary needs to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and legislation play a role in setting tax rates and budgets, this is the core annual process.
In Pleasant Ridge, located in Oakland County, the effective property tax rate stands at 1.59%, which is notably higher than the national median property tax rate of 1.02%. This reflects the county's budgetary requirements and the value of taxable properties in the area. When compared to other cities in Michigan and the national landscape, Pleasant Ridge's tax rate underscores the local fiscal strategies and priorities.
Understanding these tax rates is crucial for property owners, as they directly impact annual tax bills. With the national median property tax bill at $2,400, Pleasant Ridge's higher rate suggests a more substantial financial commitment for homeowners, reflecting both the local government's service provisions and property valuations.
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 Pleasant Ridge Tax Rate
1.66%
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 Pleasant Ridge, Oakland County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48069 | 1.23% | 1.35% | 1.66% | 2.12% | 2.25% |
Source: Ownwell
$1,102
Average Pleasant Ridge Tax Savings
Save on Your Property Taxes and More With Ownwell
Property Tax Assessment Values Across Pleasant Ridge, Oakland County, Michigan
When examining property taxes in Pleasant Ridge, 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 May. 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 Pleasant Ridge.
For example, the median home price in Pleasant Ridge is $388,490, with tax bills ranging significantly across the county. Zip code 48069 has the highest median home price at $388,490.
Property Tax Assessment Values Across Pleasant Ridge, Oakland County, Michigan
Source: Ownwell
$3,200
$684,440
$1,365,680
Median Pleasant Ridge Market Value
$410,330
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 Pleasant Ridge, Oakland County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48069 | $273,600 | $328,685 | $410,330 | $549,285 | $732,492 |
Source: Ownwell
$1,102
Average Pleasant Ridge Tax Savings
Save on Your Property Taxes and More With Ownwell
Property Tax Bills Across Pleasant Ridge, Oakland County, Michigan
In Pleasant Ridge, located in Oakland County, MI, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local assessor and is typically a percentage of the property's market value. Homeowners in Pleasant Ridge face a median property tax bill of $6,531, significantly higher than the national median of $2,400. This discrepancy highlights the financial burden on homeowners in this region. Various factors, such as property size, location, and improvements, influence the assessed value, and consequently, the tax bill. The property tax rate in Pleasant Ridge exceeds the national median rate of 1.02%, further impacting homeowners.
Ownwell assists homeowners in Pleasant Ridge by providing expert property tax appeal services. By analyzing property assessments and market conditions, Ownwell identifies opportunities to challenge over-assessments, potentially reducing tax bills. This service not only alleviates financial pressure but also ensures homeowners are paying a fair amount. Partnering with Ownwell can lead to substantial savings and peace of mind for homeowners in Pleasant Ridge.
Median Pleasant Ridge Tax Bill
$7,177
Median Oakland County Tax Bill
$3,235
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Pleasant Ridge, Oakland County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48069 | $3,985 | $5,149 | $7,177 | $9,847 | $13,367 |
Source: Ownwell
$1,102
Average Pleasant Ridge 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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