Canton, Oakland County, Michigan Property Taxes
Median Canton, MI effective property tax rate: 0.61%, significantly lower than the national median of 1.02% and also lower than the Michigan state median of 1.07%.
Median Canton, MI home value: $152,080
Median annual Canton, MI tax bill: $927, $1,473 lower than the national median property tax bill of $2,400.
How are property taxes in Oakland calculated?
Property taxes in Canton, MI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Canton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Canton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Canton, Oakland County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.61%
Estimate Property Tax Bill
$928
$861
Property Tax Rates Across Canton, Oakland County, Michigan
Local government entities determine tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its necessary budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play roles in setting tax rates and budgets, this is the basic annual process.
Canton, located in Michigan's Oakland County, has an effective property tax rate that stands out when compared to other cities in the state. Michigan's median property tax rate is 1.35%, which is higher than the national median of 1.02%. However, Canton’s rate is significantly lower at 0.61%, making it an attractive location for homeowners seeking lower property taxes. The median property tax bill in Michigan is $3,200, surpassing the national median of $2,400, yet Canton offers residents a more affordable option. This lower tax rate can provide substantial savings for property owners in Canton, making it a compelling choice for those looking to minimize their property tax burden while enjoying the benefits of living in a vibrant Michigan community.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Canton Tax Rate
0.61%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Oakland County Tax Rate
1.37%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Canton, Oakland County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48188 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Canton, Oakland County, Michigan
When examining property taxes in Canton, Michigan, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Oakland County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Oakland County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Canton.
For example, the median home price in Canton is $152,080, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Canton, Oakland County, Michigan
Source: Ownwell
$64,640
$675,030
$1,285,420
Median Canton Market Value
$152,080
Median Oakland County Market Value
$273,320
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Canton, Oakland County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48188 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Canton, Oakland County, Michigan
In Canton, located in Oakland County, MI, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Canton is $152,080. Property taxes are calculated by applying the local tax rate to the assessed value. Homeowners in Canton face a median property tax bill of $927, which is significantly lower than the national median property tax bill of $2,400. This lower tax bill can be attributed to the local tax rate and the assessed values.
Factors such as property improvements and neighborhood developments can influence the assessed value, impacting the tax bill. For homeowners in Canton, understanding these factors is crucial, as they directly affect annual tax expenses. Ownwell offers expert property tax appeal and exemption services, helping homeowners potentially reduce their tax bills. By analyzing your property's assessed value and comparing it to similar properties, Ownwell identifies opportunities for savings, ensuring you pay only your fair share in property taxes.
Median Canton Tax Bill
$927
Median Oakland County Tax Bill
$3,833
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Canton, Oakland County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48188 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell