Goodrich, Oakland County, Michigan Property Taxes

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

Median Goodrich, MI effective property tax rate: 1.29%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Goodrich, MI home value: $282,860
Median annual Goodrich, MI tax bill: $3,649, $1,249 higher than the national median property tax bill of $2,400.

How are property taxes in Oakland County calculated?

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

Last Updated March 1, 2025

Goodrich, Oakland County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.29%

Estimate Property Tax Bill

$3,649

$3,386

Ownwell’s Goodrich Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Goodrich with just two data points.

By entering your property's estimated assessed value, our calculator applies Goodrich’s 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 Lapeer County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Goodrich, Oakland County, Michigan

Local government entities are responsible for setting tax rates, and these can differ significantly within a state. The reason for this variation is that each county annually estimates its required budget for providing services and divides this by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the essence of the process.

In Goodrich, located in Lapeer County, Michigan, the effective property tax rate is a key consideration for homeowners. Compared to the median property tax rate in Michigan, which stands at 1.29%, Goodrich's rate offers a unique perspective on local taxation. When compared to the national median property tax rate of 1.02%, Goodrich's rate highlights the local government's approach to funding services and infrastructure. Understanding these rates helps homeowners anticipate their annual tax liabilities and plan their finances accordingly.

Property Tax Rates Across Goodrich, 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 Goodrich Tax Rate

1.29%

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 Goodrich, Oakland County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48438	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Goodrich, Oakland County, Michigan

When examining property taxes in Goodrich, Michigan, 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 Equalization Department 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 Goodrich.

For example, the median home price in Goodrich is $282,860, with tax bills ranging significantly across the county. 48438 has the highest median home price at $282,860.

Property Tax Assessment Values Across Goodrich, Oakland County, Michigan

Source: Ownwell

$64,640

$675,030

$1,285,420

Median Goodrich Market Value

$282,860

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 Goodrich, Oakland County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48438	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Goodrich, Oakland County, Michigan

In Goodrich, located in Genesee County, Michigan, property tax bills are calculated based on the assessed value of a home, which is typically 50% of its market value. With a median home price of $282,860, homeowners in Goodrich can expect property tax bills around $3,649, significantly higher than the national median property tax bill of $2,400. This discrepancy is largely due to Michigan's property tax rate, which can be higher than the national median rate of 1.02%. Factors like local government budgets and school district funding needs play a crucial role in determining the tax rate. For homeowners, these taxes can represent a substantial financial burden. However, Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing your property's assessed value and comparing it to similar properties, Ownwell can identify potential over-assessments and help you appeal your tax bill, potentially saving you money and reducing your financial burden.

Property Tax Bills Across Goodrich, Oakland County, Michigan

Source: Ownwell

$936

$8,192

$15,447

Median Goodrich Tax Bill

$3,649

Median Oakland County Tax Bill

$3,833

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Goodrich, Oakland County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48438	N/A	N/A	N/A	N/A	N/A

Source: Ownwell