Auburn Hills, Michigan Property Taxes
The median property tax rate in Auburn Hills, MI is 1.24%, considerably higher than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Auburn Hills, the typical annual property tax bill reaches $2,645, slightly below the national median of $2,690. Property taxes in Auburn Hills are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Auburn Hills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Auburn Hills or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Auburn Hills, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$2,491
Ownwell’s Auburn Hills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Auburn Hills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Auburn Hills to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Auburn Hills, Michigan
Property taxes in Auburn Hills, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Auburn Hills is 1.24%, higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Auburn Hills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Auburn Hills estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Auburn Hills's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48326 zip code has the highest median property tax rate of 1.24%, while the same zip code also has the lowest median tax rate of 1.24%. Understanding how these cities compare with Auburn Hills provides valuable insights into the varying tax landscape across Oakland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Auburn Hills Tax Rate
1.24%
Average Oakland County Tax Rate
1.37%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Auburn Hills, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48326 | 0.88% | 1.04% | 1.24% | 1.54% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Auburn Hills, Michigan
In Auburn Hills, Michigan, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Oakland County Assessment Department for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Auburn Hills, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Auburn Hills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 48326 has the highest and lowest median tax bill, both at $2,645.
Property Tax Assessment Values Across Auburn Hills, Michigan
Source: Ownwell
$64,640
$936,355
$1,808,070
Average Auburn Hills Assessed Value
$200,910
Average Oakland County Assessed Value
$273,320
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Auburn Hills, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48326 | $123,220 | $158,380 | $200,910 | $305,170 | $385,772 |
Source: Ownwell
Property Tax Bills Across Auburn Hills, Michigan
In Auburn Hills, located in Oakland County, MI, property tax bills are calculated based on the assessed value of a home, which is typically 50% of its market value. For example, with a median home price of $200,910, the assessed value would be approximately $100,455. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and any applicable exemptions or abatements can influence the final amount. Homeowners in Auburn Hills can expect property tax bills that vary significantly. The 25th percentile tax bill is around $1,887, while the 75th percentile reaches $3,922. At the 90th percentile, the tax bill can be as high as $5,777. These figures reflect the diversity in property values and tax rates within the area. The highest median tax bill in the region is $2,645, found in zip code 48326, which aligns with the city's median tax rate. This variability can have a substantial impact on homeowners, influencing their financial planning and overall cost of living.
Average Auburn Hills Tax Bill
$2,645
Average Oakland County Tax Bill
$3,833
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Auburn Hills, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48326 | $1,404 | $1,887 | $2,645 | $3,922 | $5,777 |
Source: Ownwell