Orchard Lake, Oakland County, Michigan Property Taxes

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

Median ORCHARD LAKE, MI effective property tax rate: 1.28%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median ORCHARD LAKE, MI home value: $628,080
Median annual ORCHARD LAKE, MI tax bill: $8,690, $6,290 higher than the national median property tax bill of $2,400.

How are property taxes in Oakland calculated?

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

Last Updated March 1, 2025

Orchard Lake, Oakland County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.28%

Estimate Property Tax Bill

$8,039

$7,460

Ownwell’s Orchard Lake Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Orchard Lake with just two data points. By entering your property's estimated assessed value, our calculator applies Orchard Lake’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 Oakland County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Orchard Lake, Oakland County, Michigan

Local governments determine tax rates, and these can differ significantly within Michigan. The process involves each county estimating its budgetary needs to maintain services and dividing this by the total assessed value of all taxable properties in the area, resulting in the property tax rate. This annual procedure, while influenced by votes and legislation, is essentially how tax rates are established.

In Orchard Lake, located in Oakland County, the effective property tax rate is slightly above the national median of 1.02%. When comparing Orchard Lake's rate to other cities in Michigan, it is evident that these rates can vary. For instance, Orchard Lake's rate is close to the highest median tax rate in the area, which is found in the 48324 zip code, while the lowest is in the 48323 zip code.

These variations highlight the importance of understanding local tax rates, as they directly impact property owners. By staying informed, property owners in Orchard Lake can better navigate the complexities of property taxes and potentially identify opportunities for appeals or exemptions.

Property Tax Rates Across Orchard Lake, 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 Orchard Lake Tax Rate

1.28%

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 Orchard Lake, Oakland County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48323	1.07%	1.12%	1.25%	1.56%	1.73%
48324	1.00%	1.12%	1.29%	1.57%	1.85%

Source: Ownwell

Property Tax Assessment Values Across Orchard Lake, Oakland County, Michigan

When examining property taxes in Orchard Lake, 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 Assessor's Office 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: 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 Orchard Lake. For example, the median home price in Orchard Lake is $628,080, with tax bills ranging significantly across the county. Zip code 48324 has the highest median home price at $672,400.

Property Tax Assessment Values Across Orchard Lake, Oakland County, Michigan

Source: Ownwell

$64,640

$675,030

$1,285,420

Median Orchard Lake Market Value

$628,080

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 Orchard Lake, Oakland County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48323	$399,410	$464,405	$556,960	$1,101,995	$2,780,664
48324	$277,880	$388,380	$672,400	$1,733,260	$2,851,252

Source: Ownwell

Property Tax Bills Across Orchard Lake, Oakland County, Michigan

In Orchard Lake, Michigan, property tax bills are calculated based on the assessed value of a home, which is determined by the Oakland County Assessor. This assessed value is a percentage of the property's market value, and local tax rates are applied to this assessed value to calculate the tax bill. Factors such as property size, location, and market conditions are considered in determining the assessed value. For homeowners in Orchard Lake, the property tax burden can be significant, with the 25th percentile tax bill at $5,223 and the 75th percentile reaching $21,989. Comparatively, these figures are well above the national median property tax bill of $2,400. With such high tax bills, homeowners may find themselves financially stretched. This is where Ownwell can make a difference. By offering expert property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their assessed values and, consequently, their tax bills. This can result in substantial savings, easing the financial burden on homeowners.

Property Tax Bills Across Orchard Lake, Oakland County, Michigan

Source: Ownwell

$936

$8,192

$15,447

Median Orchard Lake Tax Bill

$8,690

Median Oakland County Tax Bill

$3,833

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Orchard Lake, Oakland County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48323	$4,713	$5,914	$8,072	$13,738	$36,891
48324	$3,351	$4,872	$9,449	$23,145	$41,111

Source: Ownwell