Canton, Wayne County, Michigan Property Taxes
Median Canton, MI effective property tax rate: 0.72%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Canton, MI home value: $316,000
Median annual Canton, MI tax bill: $2,283, $117 lower than the national median property tax bill of $2,400.
How are property taxes in Wayne County 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, Wayne County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.72%
Estimate Property Tax Bill
$2,275
$2,111
Property Tax Rates Across Canton, Wayne County, Michigan
Local government entities determine tax rates, which can differ significantly within a state. The process involves each county estimating its necessary budget to provide services and dividing that figure by the total value of all taxable property in its jurisdiction. This calculation yields the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual procedure.
In Canton, situated in Wayne County, Michigan, the effective property tax rate can be compared to other cities within the state and to the median property tax rates in Michigan and across the United States. The median property tax rate in Michigan is notably lower than the national median property tax rate of 1.02%. This can be an attractive factor for property owners in Canton, where the effective tax rate is slightly below the state median. While the highest median tax rate in the area is found in the 48188 zip code, the lowest is in 48187, reflecting the variability within the region. Understanding these rates can help property owners make informed decisions and potentially save on their property tax bills.
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
0.72%
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 Wayne County Tax Rate
1.44%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Canton, Wayne County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48187 | 0.55% | 0.59% | 0.69% | 0.84% | 0.90% |
| 48188 | 0.54% | 0.61% | 0.74% | 0.84% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Canton, Wayne 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 Wayne 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 Wayne County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 $316,000, with tax bills ranging significantly across the county. Zip code 48188 has the highest median home price at $324,200.
Property Tax Assessment Values Across Canton, Wayne County, Michigan
Source: Ownwell
$26,200
$320,700
$615,200
Median Canton Market Value
$316,000
Median Wayne County Market Value
$126,800
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Canton, Wayne County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48187 | $222,400 | $262,400 | $309,600 | $397,100 | $534,160 |
| 48188 | $189,520 | $256,000 | $324,200 | $422,000 | $495,000 |
Source: Ownwell
Property Tax Bills Across Canton, Wayne County, Michigan
Median Canton Tax Bill
$2,283
Median Wayne County Tax Bill
$1,625
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Canton, Wayne County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48187 | $1,356 | $1,664 | $2,169 | $3,119 | $4,464 |
| 48188 | $1,321 | $1,695 | $2,420 | $3,349 | $4,150 |
Source: Ownwell