Oxford, Oakland County, Michigan Property Taxes

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

Median Oxford, 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 Oxford, MI home value: $324,600
Median annual Oxford, MI tax bill: $4,272, $1,872 higher than the national median property tax bill of $2,400.

How are property taxes in Oakland calculated?

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

Last Updated March 1, 2025

Oxford, 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

$4,187

$3,886

Ownwell’s Oxford Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Oxford with just two data points. By entering your property's estimated assessed value, our calculator applies Oxford’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 Oxford, Oakland County, Michigan

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Oxford’s effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S.

In Oxford, located in Oakland County, the effective property tax rate is slightly above the national median of 1.02%, reflecting the state’s overall higher rates. Michigan’s median property tax rate stands at 1.29%, with Oxford closely aligning with this figure. Interestingly, within the same ZIP code, rates can differ; for instance, the highest median tax rate in the area is 1.30% while the lowest is 1.22%. This variance highlights how localized factors influence property taxes. Understanding these rates is crucial for property owners aiming to manage their tax liabilities effectively.

Property Tax Rates Across Oxford, 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 Oxford 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 Oxford, Oakland County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48370	0.94%	1.06%	1.22%	1.51%	1.65%
48371	0.98%	1.10%	1.30%	1.59%	1.74%

Source: Ownwell

Property Tax Assessment Values Across Oxford, Oakland County, Michigan

When examining property taxes in Oxford, 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 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.

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 Oxford. For example, the median home price in Oxford is $324,600, with tax bills ranging significantly across the county. Zip code 48370 has the highest median home price at $417,220.

Property Tax Assessment Values Across Oxford, Oakland County, Michigan

Source: Ownwell

$64,640

$675,030

$1,285,420

Median Oxford Market Value

$324,600

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 Oxford, Oakland County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48370	$231,140	$308,320	$417,220	$564,640	$731,388
48371	$183,668	$247,860	$320,420	$402,810	$514,098

Source: Ownwell

Property Tax Bills Across Oxford, Oakland County, Michigan

In Oxford, MI, property tax bills are calculated based on the assessed value of a home, which is determined by Oakland County. The assessed value is typically a percentage of the market value, and local tax rates are applied to this assessed value to determine the tax bill. Factors influencing the tax bill include the property's location, size, and market conditions. The median home price in Oxford is $324,600, leading to a median tax bill that can vary significantly across the area. For instance, the tax bill at the 25th percentile is $3,071, while at the 75th percentile, it reaches $5,789. Homeowners in the 90th percentile face tax bills as high as $7,800. These figures are above the national median property tax bill of $2,400. Ownwell can assist homeowners by reviewing assessments and identifying potential savings through appeals and exemptions, ensuring they don't overpay. With expert guidance, homeowners can effectively reduce their property tax burden, making homeownership more affordable.

Property Tax Bills Across Oxford, Oakland County, Michigan

Source: Ownwell

$936

$8,192

$15,447

Median Oxford Tax Bill

$4,272

Median Oakland County Tax Bill

$3,833

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Oxford, Oakland County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48370	$3,045	$4,022	$5,103	$7,022	$9,439
48371	$2,219	$3,007	$4,191	$5,702	$7,635

Source: Ownwell