Troy, Oakland County, Michigan

Property Tax Rate

30.63 to 42.26 mills for an owner-occupied home (principal residence)

The Michigan Treasury's published 2025 rates, per $1,000 of taxable value, across the 7 school districts that serve parts of Troy. A home that is not a principal residence pays 47.20 to 52.51 mills, because it does not get the school-operating exemption.

After a sale. Michigan caps how fast a home's taxable value can rise while the same owner holds it, and resets it to the State Equalized Value (about half of market value) when the home sells. On a $300,000 purchase that is a taxable value near $150,000, so at the median rate the bill is about $5,225 a year if the buyer lives there and about $7,232 if not. The seller's bill is often much lower, so the current bill is not a guide to the next one. A full report projects the bill for a specific address.

School District Outcomes

District at the center of the city: Troy School District. Other districts serve parts of Troy. Check the district of a specific address.

Michigan Department of Education data via MI School Data (2026), student-outcome measures only. Tiers rank each outcome against all Michigan districts, so a higher tier is always the better result (for the dropout rate, a lower rate ranks higher). Some small-district figures are suppressed by the state and are left out here.

Oakland County Market Momentum

Source: FRED (Realtor.com series), as of 2026-09-01. County-level — the finest granularity FRED publishes.