Bloomfield Hills, MI real estate: buy or sell with a local AXEN agent
The City of Bloomfield Hills is its own city, apart from Bloomfield Township and West Bloomfield, with its own tax office. The city hires the Oakland County Equalization Director to be its assessor. Its March Board of Review meets on the second and third Saturdays in March.
What are the popular neighborhoods in Bloomfield Hills?
Popular Bloomfield Hills neighborhoods include Cranbrook, Long Lake Road, Lone Pine Road, Woodward Avenue corridor, Square Lake Road and Telegraph Road corridor. Each one prices differently, so ask your agent for recent sales in the ones you like.
Also near Bloomfield Hills:
What should you know before buying a home in Bloomfield Hills?
First check that the home is in the City of Bloomfield Hills and not Bloomfield Township, since each has its own tax office. File your Principal Residence Exemption by June 1 or November 1. To question your value, call the assessor at Oakland County and plan for the March Board of Review.
The rules that apply everywhere in Michigan are on the Michigan page. These are the Bloomfield Hills details that trip people up.
Get pre-approved →- City or township? Check first. The City of Bloomfield Hills, Bloomfield Township and West Bloomfield are separate places with separate offices. Bloomfield Township posts an area map so you can check which one a home is in.
- The county does the assessing. The city hires the Oakland County Equalization Director as its assessor. Call the assessor's office to set an appointment if you think the value is wrong.
- Claim the Principal Residence Exemption. If it will be your main home, file Form 2368 with the assessor. File by June 1 to count for the summer bill, or by November 1 for the winter bill.
- Know the tax due dates. Summer bills are due July 1 to August 31. Winter bills are due December 1 to February 14. Late bills grow by 3/4 of 1% a month, and the city cannot waive it.
- Mid-year fixes go to July or December. The March Board of Review hears value appeals. The July and December sessions mostly handle homestead status, uncapping and clerical errors.
What should you do before selling a home in Bloomfield Hills?
The seller pays Michigan's transfer tax of $3.75 for each $500 plus Oakland County's $0.55 for each $500. A warranty deed must be tax certified by the Oakland County Treasurer before it records. Give the buyer your seller disclosure before you sign a purchase agreement.
The seller pays the transfer tax.
Michigan puts the state tax on the seller at $3.75 for each $500. Oakland County adds $0.55 for each $500. Both are paid when the deed records.
Taxes must be certified first.
Warranty deeds and land contracts must be tax certified at the Oakland County Treasurer's Office before they record. The Treasurer's Tax Certificate costs $5.
Give the disclosure before you sign.
Michigan sellers must give the disclosure statement before signing a binding purchase agreement. If it comes late, the buyer can cancel within 72 hours if handed over in person, or 120 hours if sent by registered mail.
Bloomfield Hills real estate questions
Is Bloomfield Hills the same as Bloomfield Township?
No. They are separate places with separate offices and tax bills. Check the township's area map or the parcel number, not just the mailing address.
Who assesses homes in the City of Bloomfield Hills?
The Oakland County Equalization Director, under a contract with the city. Call that office to ask about your value or set an appointment.
When does the Board of Review meet?
On the second and third Saturdays in March, plus a Tuesday in July and December. Bring 3 to 5 comparable sales to a March appeal.
When are city property taxes due?
Summer bills are due July 1 to August 31. Winter bills are due December 1 to February 14. Payments after February 14 also get a 3% penalty.
Can a buyer back out over a late disclosure?
Yes, for a short time. If the disclosure comes after the purchase agreement is signed, the buyer has 72 hours if it was handed over in person, or 120 hours if it came by registered mail.
Buying or selling in Bloomfield Hills? Talk to a local agent.
An AXEN agent who works in Bloomfield Hills answers your questions for free. No cost to talk. No pressure to sign anything.