Farmington Hills, Oakland County, Michigan Property Taxes

Name: Property Tax Bills Across Farmington Hills, Oakland County, Michigan
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Farmington Hills, MI effective property tax rate: 1.64%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Farmington Hills, MI home value: $281,600
Median annual Farmington Hills, MI tax bill: $4,564, $2,164 higher than the national median property tax bill of $2,400.

How are property taxes in Oakland calculated?

Property taxes in Farmington Hills, 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 Farmington Hills’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Farmington Hills, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Farmington Hills, Oakland County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.64%

Estimate Property Tax Bill

$4,618

$4,286

Ownwell’s Farmington Hills Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Farmington Hills with just two data points. By entering your property's estimated assessed value, our calculator applies Farmington Hills' median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Oakland County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Farmington Hills, Oakland County, Michigan

Local government entities determine tax rates, leading to significant variations within Michigan. Each year, counties estimate the budget needed for public services and divide this by the total assessed value of all taxable property in their areas, resulting in the property tax rate. While voting and legislation play roles in the process, this is the core method used annually. In Farmington Hills, located in Oakland County, the property tax landscape reflects this variation. The effective property tax rate here can be compared to other cities in Michigan, as well as state and national medians. For instance, while the national median property tax rate is 1.02%, Michigan's median is notably higher at 1.64%. Within Oakland County, the highest median tax rate is 1.69% in the 48331 ZIP code, whereas the lowest is 1.54% in the 48336 ZIP code. Understanding these differences can help property owners in Farmington Hills and beyond make informed financial decisions and potentially explore property tax appeals or exemptions.

Property Tax Rates Across Farmington Hills, Oakland County, Michigan

Source: Ownwell

0.91%

1.60%

2.28%

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 Farmington Hills Tax Rate

1.64%

Median Effective Oakland County Tax Rate

1.37%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Farmington Hills, Oakland County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48331	1.32%	1.49%	1.69%	1.99%	2.20%
48334	1.22%	1.39%	1.68%	2.10%	2.57%
48335	1.38%	1.50%	1.63%	2.02%	2.21%
48336	1.13%	1.31%	1.54%	1.93%	2.21%

Source: Ownwell

Property Tax Assessment Values Across Farmington Hills, Oakland County, Michigan

When examining property taxes in Farmington Hills, 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.

Assessment notices: 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 Farmington Hills. For example, the median home price in Farmington Hills is $281,600, with tax bills ranging significantly across the county. Zip code 48331 has the highest median home price at $333,770.

Property Tax Assessment Values Across Farmington Hills, Oakland County, Michigan

Source: Ownwell

$64,640

$675,030

$1,285,420

Median Farmington Hills Market Value

$281,600

Median Oakland County Market Value

$273,320

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Farmington Hills, Oakland County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48331	$215,158	$284,620	$333,770	$382,435	$453,506
48334	$106,000	$163,100	$262,680	$321,380	$388,892
48335	$182,942	$241,350	$316,670	$369,520	$420,416
48336	$113,200	$157,785	$208,760	$279,860	$325,934

Source: Ownwell

Property Tax Bills Across Farmington Hills, Oakland County, Michigan

In Farmington Hills, located in Oakland County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is typically a percentage of the property's market value. Homeowners in Farmington Hills face varying property tax bills, with the 25th percentile at $3,257 and the 75th percentile reaching $6,059. The highest median tax bill in the area is $5,643 in the 48331 zip code, while the lowest is $3,430 in the 48336 zip code. These figures indicate that many homeowners in Farmington Hills pay above the national median property tax bill of $2,400. Such high tax bills can strain household budgets, making it crucial for homeowners to ensure their properties are not over-assessed. Ownwell offers expert property tax appeal services, helping homeowners potentially reduce their tax burdens. By analyzing assessment records and comparable properties, Ownwell identifies opportunities for savings, ensuring clients pay only their fair share.

Property Tax Bills Across Farmington Hills, Oakland County, Michigan

Source: Ownwell

$936

$8,192

$15,447

Median Farmington Hills Tax Bill

$4,564

Median Oakland County Tax Bill

$3,833

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Farmington Hills, Oakland County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48331	$3,351	$4,468	$5,643	$6,981	$8,696
48334	$1,482	$3,251	$4,244	$5,655	$7,196
48335	$2,718	$3,905	$5,452	$6,618	$7,876
48336	$1,677	$2,298	$3,430	$4,427	$5,690

Source: Ownwell