Canton City Tax Abatement Program

The city of Canton, Ohio has a tax abatement program for you to take advantage of if you live in and are a) purchasing land/building a new home in the Canton city limits, or b) if you are considering remodeling/adding on to your home in Canton. 

This is a wonderful program that allows individuals the opportunity to qualify for a temporary tax abatement of increased real estate property taxes on qualifying residential real estate property improvements that could be considered remodels or new construction. 

The city of Canton explains it as,

"The abatement allows owners to pay taxes on the pre-improvement assessed value of their residential property for 15 years after improvements are completed. In most cases, property owners will not be required to pay property taxes on any increase in value that resulted from the renovation or new construction on the property for a period of 15 years."

To qualify for this, you must have an investment of at least $5,000 into the existing property or build a new home. If you sell within 15 years, the abatement credit transfers to the new owner as well!

Other requirements and information, as well as the application, can be found online at: Canton City Tax Abatement Program Info.

To see if you qualify or to get your questions answered:

Please contact the CRA Housing Officer, Matt Bailey, by phone at (330) 438-4132 or by email at matthew.bailey@cantonohio.gov for additional information.