Clawson, Michigan Property Taxes
The median property tax rate in Clawson, MI is 1.33%, considerably higher than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Clawson, the typical annual property tax bill reaches $3,429, exceeding the national median of $2,690. Property taxes in Clawson 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 Clawson'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 Clawson 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
Clawson, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$3,053
Ownwell’s Clawson Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Clawson. By simply entering your property's estimated assessed value, the calculator uses the median tax rate specific to Clawson to provide an accurate estimate of your property tax bill. This allows you to gain a clear understanding of your potential tax liabilities. For those interested in more granular details, localized information on neighborhood trends is available further down the page. Your property’s assessed value, determined by Oakland County, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Clawson, Michigan
Property taxes in Clawson, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clawson is 1.33%, significantly higher than the U.S. national median of 0.99%. Local government entities within Clawson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clawson 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 Clawson's effective property tax rate to other regions in Michigan and the national median. For comparison, the highest and lowest median property tax rates in Clawson are both 1.33%, located within the 48017 zip code. Understanding how these rates compare with Clawson 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 Clawson Tax Rate
1.33%
Average Oakland County Tax Rate
1.37%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clawson, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48017 | 1.15% | 1.23% | 1.33% | 1.93% | 2.18% |
Source: Ownwell
Property Tax Assessment Values Across Clawson, Michigan
In Clawson, 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. In Clawson, 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 Clawson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 48017 at $3,429, while the lowest is also 48017 at $3,429.
Average Clawson Assessed Value
$229,580
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 Clawson, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48017 | $176,340 | $200,820 | $229,580 | $265,560 | $308,498 |
Source: Ownwell
Property Tax Bills Across Clawson, Michigan
In Clawson, property tax bills are calculated based on the assessed value of a home, which is determined by the Oakland County assessor. This value is typically a percentage of the property's market value. The tax rate, or millage rate, is then applied to the assessed value to determine the annual property tax bill. Various factors influence the assessed value, including the home's condition, location, and recent sales of similar properties in the area. Homeowners in Clawson can expect a median property tax bill of approximately $3,429, which is higher than the national median property tax rate of 0.99%. Depending on the value of their property, homeowners may find themselves paying anywhere from $2,767 at the 25th percentile to $5,486 at the 90th percentile. These property taxes fund essential public services such as schools, roads, and emergency services, directly impacting the quality of life in the community. Understanding how these taxes are calculated can help homeowners plan their finances more effectively.
Average Clawson Tax Bill
$3,429
Average Oakland County Tax Bill
$3,833
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Clawson, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48017 | $2,288 | $2,767 | $3,429 | $4,460 | $5,486 |
Source: Ownwell