Royal Oak, Oakland County, Michigan Property Taxes

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

Median ROYAL OAK, MI effective property tax rate: 2.04%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median ROYAL OAK, MI home value: $186,580
Median annual ROYAL OAK, MI tax bill: $3,903, $1,503 higher than the national median property tax bill of $2,400.

How are property taxes in Oakland calculated?

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

Last Updated March 1, 2025

Royal Oak, Oakland County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.04%

Estimate Property Tax Bill

$3,806

$3,532

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

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its budgetary needs to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the core of the annual process.

In Royal Oak, located in Oakland County, Michigan, property tax rates are notably higher than the national median. The city's effective property tax rate is 2.04%, which is double the national median property tax rate of 1.02%. Within Royal Oak, the highest median tax rate is found in the 48067 zip code at 2.10%, while the lowest is in the 48073 zip code at 1.98%. When compared to other cities in Michigan and the U.S., Royal Oak's property tax rates stand out for being significantly above average. This comparison highlights the importance of understanding local tax rates, as they can have a substantial impact on property owners' annual tax bills.

Property Tax Rates Across Royal Oak, 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 Royal Oak Tax Rate

2.04%

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 Royal Oak, Oakland County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48067	1.50%	1.68%	2.10%	2.53%	3.07%
48073	1.52%	1.65%	1.98%	2.38%	2.97%

Source: Ownwell

Property Tax Assessment Values Across Royal Oak, Oakland County, Michigan

When examining property taxes in Royal Oak, 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.

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 Royal Oak.

For example, the median home price in Royal Oak is $186,580, with tax bills ranging significantly across the county. Zip code 48067 has the highest median home price at $188,360.

Property Tax Assessment Values Across Royal Oak, Oakland County, Michigan

Source: Ownwell

$64,640

$675,030

$1,285,420

Median Royal Oak Market Value

$186,580

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 Royal Oak, Oakland County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48067	$134,468	$157,920	$188,360	$239,140	$328,940
48073	$111,922	$149,115	$185,260	$232,050	$282,556

Source: Ownwell

Property Tax Bills Across Royal Oak, Oakland County, Michigan

In Royal Oak, located in Oakland County, MI, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. The median home price in this area is $186,580, and tax rates are applied to this assessed value to determine the total tax bill. The property tax bill can vary significantly, with the 25th percentile at $2,953 and the 75th percentile reaching $5,178. At the 90th percentile, homeowners might see bills as high as $7,045. These figures are notably higher than the national median property tax bill of $2,400. Factors influencing these bills include property location, market conditions, and local government budgets. Homeowners in Royal Oak can benefit from Ownwell's expertise in property tax appeals and exemptions. By evaluating the assessed value and ensuring it aligns with market conditions, Ownwell can help homeowners potentially reduce their tax burden, ensuring they only pay their fair share. This service can lead to significant savings, providing financial relief to property owners.

Property Tax Bills Across Royal Oak, Oakland County, Michigan

Source: Ownwell

$936

$8,192

$15,447

Median Royal Oak Tax Bill

$3,903

Median Oakland County Tax Bill

$3,833

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Royal Oak, Oakland County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48067	$2,482	$3,072	$4,085	$5,609	$7,964
48073	$2,093	$2,867	$3,757	$4,867	$6,355

Source: Ownwell