Community Information
Tax Rates
(Per $1,000 of State Equalized Valuation - in Farmington School District)
2014 Primary residence exemption: $42.6129
2014 Non-primary residence exemption: $51.1257
2013 Local Unit Tax Rates For All Cities and Major Townships in Oakland County
2013 Tax Comparison For All Local Units of Government in Oakland County
State Equalized Value
| 2008 |
$4,743,497,740 |
| 2009 |
$4,297,748,050 |
| 2010 |
$3,696,814,750 |
| 2011 |
$3,314,116,800 |
| 2012 |
$3,108,123,820 |
| 2013 |
$3,084,995,820 |
Land Use 2007
| Type |
Subtotals Acres |
Total Acres |
Percent of Developed |
Percent of Total |
| Residential |
|
11145 |
53.7 |
52 |
| |
Single - Family |
9211 |
|
44.4 |
42.9 |
| |
Single - Family Cluster |
527 |
|
2.5 |
2.5 |
| |
Two - Family |
8 |
|
0 |
0 |
| |
Multiple Family |
1359 |
|
6.6 |
6.3 |
| |
Mobile Home |
40 |
|
0.1 |
0.1 |
| Business |
|
576 |
2.8 |
2.7 |
| Office |
|
710 |
3.4 |
3.3 |
| IRO |
|
258 |
1.2 |
1.2 |
| Industrial |
|
644 |
3.1 |
3 |
| Utility |
|
40 |
0.1 |
0.1 |
| Public |
|
980 |
4.7 |
4.6 |
| |
Buildings |
110 |
|
0.5 |
0.5 |
| |
Parks |
405 |
|
2 |
1.9 |
| |
School - Owned |
465 |
|
2.2 |
2.2 |
| Quasi - Public |
|
2077 |
10 |
9.7 |
| |
Institutional |
793 |
|
3.8 |
3.7 |
| |
Private Recreation |
1284 |
|
6.2 |
6 |
| Golf Course |
|
573 |
2.8 |
2.7 |
| Street R.O.W. |
|
3740 |
18 |
17.4 |
| Total Developed |
|
20743 |
100.00% |
96.7 |
| Vacant |
|
703 |
|
3.3 |
Transportation Access
By Road
Major Expressways located within or near Farmington Hills include: I-96, I-696, I-275, and the M-5 Connector.
Public Transportation is available along major thoroughfares via bus routes from SMART (Suburban Mobility Authority for Regional Transportation)
By Air
Farmington Hills is conveniently located within a short drive of five airports:
By Train
Travel by train is available at these nearby stations:
Major Medical
Major Universities
Business Information
Employment
(Source: U.S. Bureau of Labor Statistics)
- Farmington Hills Civilian Unemployment: 6.40% (Based on Warren-Troy-Farmington Hills Statistical Area)
- State of Michigan Civilian Unemployment: 6.70%
Employment by Industrial Class
(Source: ESRI Forecast for 2014)
| Services |
50% |
| Unclassified |
11% |
| Finance / Insurance / Real Estate |
10% |
| Retail |
10% |
| Construction |
6% |
| Wholesale Trade |
5% |
| Manufacturing |
4% |
| Transportation |
2% |
| Agriculture / Mining |
2% |
| Communication |
1% |
| Public Administration |
0% |
| Utility |
0% |
Employment by Occupation
(Source: ESRI Forecast for 2014)
| Professional |
32% |
| Management / Business/ Financial |
19% |
| Services |
14% |
| Sales |
12% |
| Administrative Support |
11% |
| Production |
5% |
| Transportation / Material Moving |
3% |
| Construction / Extraction |
2% |
| Installation / Maintenance / Repair |
1% |
| Farming / Forestry / Fishing |
0% |
Major Employers
The Top Five Employers in Farmington Hills are:
Average Rent
(Source: Colliers International, 4Q2014)
| Class A |
$20.08 |
| Class B |
$17.36 |
| Class C |
$14.66 |
| Overall Average |
$17.55 |
Vacancy Rate
(Source: Colliers International, 4Q2014)
- Percent Vacant Office Space: 16.1%
Demographics
Population and Households
(Source: ESRI Forecast for 2014)
- Total Population: 80,823
- Total Households: 34,350
Population by Age
(Source: ESRI Forecast for 2014)
| 0-4 |
5% |
| 5-9 |
5% |
| 10-14 |
6% |
| 15-19 |
6% |
| 20-24 |
6% |
| 25-34 |
12% |
| 35-44 |
12% |
| 45-54 |
15% |
| 55-64 |
15% |
| 65-74 |
10% |
| 75-84 |
5% |
| 85+ |
3% |
Population by Race/Ethnicity
(Source: ESRI Forecast for 2014)
| White Alone |
66.30% |
| Black Alone |
19.50% |
| Asian Alone |
11.10% |
| Two or More Races |
2.40% |
| Some Other Race Alone |
0.50% |
| American Indian Alone |
0.20% |
| Pacific Islander Alone |
0% |
Population 25+ by Educational Attainment
(Source: ESRI Forecast for 2014)
| Bachelor's Degree |
28.5 |
| Graduate / Professional Degree |
22.9 |
| Some College, No Degree |
19.2 |
| High School Graduate |
15.2 |
| Associate Degree |
6.3 |
| 9th-12th Grade, No Diploma |
4 |
| <9th Grade |
2.4 |
| GED / Alternative Credential |
1.6 |
Households By Income
(Source: ESRI Forecast for 2014)
- Median Household Income: $66,542
- Per Capita Income: $40,915
- Median Home Value: $232,878
| <$15,000 |
7.7 |
| $15,000 - $24,999 |
9.2 |
| $25,000 - $34,999 |
8.2 |
| $35,000 - $49,999 |
11.7 |
| $50,000 - $74,999 |
17.8 |
| $75,000 - $99,000 |
13.9 |
| $100,000 - $149,999 |
12.2 |
| $150,000 - $199,999 |
9.8 |
| $200,000+ |
9.4 |
