Rochester, Oakland County, Michigan Property Taxes

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

Median Rochester, MI effective property tax rate: 1.14%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Rochester, MI home value: $429,870
Median annual Rochester, MI tax bill: $5,007, $2,607 higher than the national median property tax bill of $2,400.

How are property taxes in Oakland County calculated?

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

Last Updated March 1, 2025

Rochester, Oakland County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.14%

Estimate Property Tax Bill

$4,901

$4,548

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

Local government entities set tax rates, which can vary widely within a state. The reason for this variation is that each county annually 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 Rochester’s effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S. Rochester, located in Oakland County, has an effective property tax rate that is slightly above the national median, but it is still competitive within the state. Michigan's median property tax rate is higher than the national median, reflecting the state's approach to funding local services. Within Oakland County, the property tax rates vary, with the highest and lowest median tax rates found in different zip codes. This diversity in tax rates highlights the importance of understanding local tax assessments and their impact on property owners.

Property Tax Rates Across Rochester, 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 Rochester Tax Rate

1.14%

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 Rochester, Oakland County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48306	0.76%	0.89%	1.03%	1.17%	1.33%
48307	0.86%	1.04%	1.27%	1.51%	1.63%
48309	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Rochester, Oakland County, Michigan

When examining property taxes in Rochester, 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 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.

In Oakland County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Rochester. For example, the median home price in Rochester is $429,870, with tax bills ranging significantly across the county. Zip code 48306 has the highest median home price at $493,820.

Property Tax Assessment Values Across Rochester, Oakland County, Michigan

Source: Ownwell

$64,640

$675,030

$1,285,420

Median Rochester Market Value

$429,870

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 Rochester, Oakland County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48306	$245,536	$349,240	$493,820	$642,050	$923,928
48307	$126,820	$257,200	$370,610	$521,920	$675,586
48309	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Rochester, Oakland County, Michigan

In Rochester, Michigan, property tax bills are calculated based on the assessed value of a home, which is determined by the Oakland County Assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as local government budgets, school funding, and public services contribute to the tax rate. For homeowners in Rochester, the median property tax bill can vary significantly, with the 25th percentile at $3,182 and the 75th percentile reaching $7,244. The highest median tax bill in the area is $5,015, found in the 48306 zip code, while the lowest median tax bill is $4,944 in the 48307 zip code. Compared to the national median property tax rate of 1.02%, homeowners in Rochester may find themselves paying higher taxes. Ownwell can assist homeowners by reviewing their property assessments and identifying potential inaccuracies. By filing an appeal on behalf of the homeowner, Ownwell can help secure a reduction in their property tax bill, ultimately leading to significant savings.

Property Tax Bills Across Rochester, Oakland County, Michigan

Source: Ownwell

$936

$8,192

$15,447

Median Rochester Tax Bill

$5,007

Median Oakland County Tax Bill

$3,833

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Rochester, Oakland County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48306	$2,423	$3,504	$5,015	$7,123	$9,931
48307	$1,650	$2,904	$4,944	$7,132	$9,417
48309	N/A	N/A	N/A	N/A	N/A

Source: Ownwell