Tax Burden in ZIP Code 48301
Bloomfield Hills, MI — Oakland County
At the median income of $135,000, the estimated total tax burden in ZIP 48301 is $43,065 (31.9% effective rate), including federal income tax, FICA, and property tax.
Federal Tax (est.)
$24,300
FICA
$10,328
Property Tax
$8,438
Total Tax Burden
$43,065
31.9% effective
Tax Details for ZIP 48301
ZIP code 48301 is located in Oakland County, MI, within the Detroit MSA metropolitan area. The area has a cost of living index of 118 (100 = national average), making it more expensive than most parts of the country.
The effective property tax rate is 1.35%. On the median home price of $625,000, this equals $8,438 per year ($703/month).
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