48030 Property Tax Rate

Property owners in ZIP code 48030 (Hazel Park, Michigan) pay a median of $2,262/year in property taxes on homes valued at $141,200. This translates to an effective tax rate of 1.60%, which is 31% above the Michigan state average of 1.22%.

The monthly property tax burden for a median-valued home in 48030 is approximately $189, which factors into escrow payments on mortgages. This ZIP code is located within Oakland County.

Compared to similar ZIP codes in Michigan, 48030 has higher property taxes. ZIP codes with similar effective rates include 48108 (1.60%) and 49938 (1.60%).

In Hazel Park, property taxes represent approximately 3.6% of the median household income of $62,878, providing context for the relative tax burden on homeowners in this area.

Under Michigan's Proposal A, your property will be "uncapped" and reassessed to current market value at purchase, potentially doubling or tripling your tax bill from the prior owner's capped amount. Oakland County offers the Principle Residence Exemption (PRE), which removes school operating tax millage from your bill for owner-occupied primary residences; file through the assessor's office. Apply for PRE with the Oakland County Assessor within 30 days of your purchase closing to prevent a full year of school operating tax charges and establish the exemption.