Canton, Ohio Property Taxes
The median property tax rate in Canton, OH is 1.60%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Canton, the typical annual property tax bill reaches $48, significantly below the national median of $2,690. Property taxes in Canton are calculated based on the tax assessed value, often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Canton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Canton or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Canton, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.6%
Estimate Property Tax Bill
$49
Ownwell’s Canton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Canton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Canton to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Canton, Ohio
Property taxes in Canton, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Canton is 1.60%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Canton set these rates annually, and they can vary considerably across different neighborhoods. Each year, Canton estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Canton's effective property tax rate to other areas in Ohio and the national median. For comparison, the 44644 zip code has the highest median property tax rate of 1.62%, while the 44615 zip code has the lowest median tax rate of 1.60%. Understanding how these areas compare with Canton provides valuable insights into the varying tax landscape across Stark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Canton Tax Rate
1.60%
Average Carroll County Tax Rate
1.41%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Canton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44615 | 1.11% | 1.60% | 1.60% | 1.60% | 1.87% |
| 44644 | 1.62% | 1.62% | 1.62% | 1.62% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Canton, Ohio
In Canton, Ohio, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Carroll County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Canton, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For instance, homeowners in the 44707 zip code might see the highest tax bills, with values reaching up to $259, while those in the 44705 zip code might see the lowest, around $48. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Canton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Canton Assessed Value
$3,065
Average Carroll County Assessed Value
$85,895
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Canton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44615 | $3,000 | $3,000 | $3,000 | $3,875 | $13,310 |
| 44644 | $3,197 | $3,492 | $3,983 | $4,474 | $4,769 |
Source: Ownwell
Property Tax Bills Across Canton, Ohio
In Canton, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the Carroll County Assessor's Office. The assessed value is a percentage of the market value of the property. This assessed value is then multiplied by the local tax rate, which can vary depending on the specific location within Canton. Several factors influence the assessed value, including the property's size, age, condition, and any improvements made. Homeowners in Canton can expect their tax bills to vary significantly. For example, the 25th percentile of tax bills is around $48, while the 75th percentile is approximately $72. At the higher end, the 90th percentile tax bill can reach up to $259. These property taxes are essential for funding local services such as schools, public safety, and infrastructure. Given that the national median property tax rate is 0.99%, understanding how these taxes are calculated can help homeowners in Canton plan their finances more effectively.
Average Canton Tax Bill
$48
Average Carroll County Tax Bill
$1,225
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Canton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44615 | $36 | $48 | $48 | $48 | $249 |
| 44644 | $52 | $56 | $64 | $72 | $77 |
Source: Ownwell