Property Tax and Assessor Data for Oakland County, Michigan
Oakland County Shows Stable Property Taxes
ATTOM’s latest annual property tax analysis for almost 87 million U.S. single-family homes shows that the effective tax rate in Oakland County, Michigan, has risen only slightly in the past year, aligning with relatively flat property prices.
Oakland County has a population of slightly less than 1.3 million. The county encompasses the city of Detroit and includes part of the Detroit–Warren–Dearborn, Michigan Metropolitan Statistical Area. The county is known for its engineering initiative, “Automation Alley,” which gave rise to the Big Three employers: General Motors, Ford, and Chrysler.
Property Tax and Assessor Data Highlights for Oakland County, Michigan
Property prices rose, and the effective tax rates remained relatively stable in Oakland, Michigan, from 2019 to 2020. Here are the highlights from ATTOM’s property tax and assessor report for Oakland, Michigan.
The average estimated value of a single-family home in 2020 was around $299,000, and the estimated value of a single-family home in 2019 was just over 290,000.
In 2019, average property taxes were around $4,000, and average taxes rose to $4,300 in 2020.
The effective tax rate was around 1.5 percent in 2020, and it was 1.4 percent in 2019.
Home valuers need reliable source data for accurate home valuations. ATTOM’s tax assessor data can automate these processes making them faster and more efficient.
Insurance companies rely on assessed and appraised market values for their policies, and mortgage providers need tax assessor data to underwrite loans.
For marketers, property tax data helps purveyors to create targeted lists of homes and homeowners for real estate professionals.
ATTOM analyzes property tax data collected from county tax assessor offices nationwide at the state, metro, and county levels. The data includes estimated market values of single-family homes. The effective tax rate is the average annual property tax expressed as a percentage of the average estimated market value of homes in each geographic area.