Clarkston, Michigan Property Taxes
The median property tax rate in Clarkston, MI is 1.16%, considerably higher than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Clarkston, the typical annual property tax bill reaches $3,866, exceeding the national median of $2,690. Property taxes in Clarkston 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 Clarkston's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Clarkston 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
Clarkston, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$3,791
$3,518
Ownwell’s Clarkston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clarkston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clarkston 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 Clarkston, Michigan
Property taxes in Clarkston, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clarkston is 1.16%, higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Clarkston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clarkston 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 Clarkston's effective property tax rate to other areas in Michigan and the national median. For comparison, the 48348 zip code has the highest median property tax rate of 1.21%, while the 48346 zip code has the lowest median tax rate of 1.09%. Understanding how these areas compare with Clarkston 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 Clarkston Tax Rate
1.16%
Average Oakland County Tax Rate
1.37%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clarkston, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48346 | 0.81% | 0.91% | 1.09% | 1.36% | 1.49% |
| 48348 | 0.90% | 1.03% | 1.21% | 1.42% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Clarkston, Michigan
In Clarkston, 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 Appraisal District 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. Assessment notices in Clarkston 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. The median home price in Clarkston is $326,800, with tax bills ranging from $2,616 at the 25th percentile to $7,608 at the 90th percentile. The highest median tax bill is $4,789 in the 48348 zip code, while the lowest is $3,054 in the 48346 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Clarkston Assessed Value
$326,800
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 Clarkston, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48346 | $172,000 | $215,200 | $274,770 | $346,150 | $453,122 |
| 48348 | $215,400 | $290,200 | $397,800 | $506,230 | $627,048 |
Source: Ownwell
Property Tax Bills Across Clarkston, Michigan
In Clarkston, Oakland County, MI, property tax bills are calculated based on the assessed value of the home, which is typically a percentage of the market value. The median home price in Clarkston stands at $326,800. Tax rates are applied to this assessed value to determine the annual tax bill. Homeowners in this region can expect their tax bills to vary significantly. For instance, the 25th percentile of tax bills is around $2,616, while the 75th percentile reaches $5,619, and the 90th percentile can go up to $7,608. The highest median tax bill in Clarkston is $4,789 in the 48348 zip code, whereas the lowest median tax bill is $3,054 in the 48346 zip code. These variations are influenced by factors such as property location, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Clarkston's tax bills reflect the local economic conditions and property values, significantly impacting homeowners' annual expenses.
Average Clarkston Tax Bill
$3,866
Average Oakland County Tax Bill
$3,833
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Clarkston, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48346 | $1,691 | $2,234 | $3,054 | $4,250 | $5,685 |
| 48348 | $2,283 | $3,307 | $4,789 | $6,622 | $8,484 |
Source: Ownwell