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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

2%

Estimate Property Tax Bill

$0

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

Ownwell’s Canton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Canton with just two data points.

By entering your property's estimated assessed value, our calculator applies Canton's median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Oakland County.

For those interested in more localized information, please scroll down to explore city-level trends!

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.

Property Tax Rates Across Canton, Oakland County, Michigan

Source: Ownwell

0.50%

1.30%

2.10%

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

1.04%

Median Effective Michigan Tax Rate

1.05%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Canton, Oakland County, Michigan

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile

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

$3,200

$684,440

$1,365,680

Median Oakland County Market Value

$301,920

Median Michigan Market Value

$213,740

Median United States Market Value

$235,294

Property Tax Assessment Values Across Canton, Oakland County, Michigan

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile

Source: Ownwell

Property Tax Bills Across Canton, Oakland County, Michigan

In Canton, located in Oakland County, Michigan, property tax bills are calculated based on the assessed value of your home, which is typically 50% of the market value. With the median home price at $152,080, local tax rates are applied to this assessed value to determine the tax bill. In this area, the property tax bill is consistent, with the 25th, 75th, and 90th percentiles all at $927, which is significantly lower than the national median property tax bill of $2,400. This lower tax bill can be appealing to homeowners; however, it's crucial to ensure that your property's assessed value is accurate to avoid overpaying. Ownwell can assist homeowners by reviewing their property assessments and identifying any discrepancies that could lead to higher taxes. By appealing the assessment, Ownwell helps ensure that homeowners pay only their fair share, potentially saving them money. This service is particularly valuable in maintaining manageable property expenses, allowing homeowners to enjoy their homes without the burden of excessive tax bills.

Property Tax Bills Across Canton, Oakland County, Michigan

Source: Ownwell

$69

$8,513

$16,957

Median Oakland County Tax Bill

$3,235

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Canton, Oakland County, Michigan

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile

Source: Ownwell

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