Mansfield, Georgia Property Taxes
The median property tax rate in Mansfield, GA is 0.98%, slightly below the national median of 0.99% and lower than the Georgia state median of 1.08%. With the median home value in Mansfield at $267,911, the typical annual property tax bill is $2,609, just under the national median of $2,690. Property taxes in Mansfield are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Mansfield's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Mansfield or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mansfield, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$2,626
$2,550
Ownwell’s Mansfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mansfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mansfield 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 Mansfield, Georgia
Property taxes in Mansfield, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mansfield is 0.98%, which is slightly below the U.S. national median of 0.99%. Local government entities within Mansfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mansfield 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 Mansfield's effective property tax rate to other areas in Georgia and the national median. For comparison, the zip code 30055 has both the highest and lowest median property tax rate of 0.98%, identical to Mansfield’s rate. Understanding how these cities compare with Mansfield provides valuable insights into the varying tax landscape across Morgan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mansfield Tax Rate
0.98%
Average Morgan County Tax Rate
0.98%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mansfield, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30055 | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Mansfield, Georgia
In Mansfield, Georgia, 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 Morgan 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 Mansfield, 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. 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 Mansfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Mansfield is $267,911, with tax bills ranging from $1,196 at the 25th percentile to $4,959 at the 90th percentile. The highest and lowest median tax bills both stand at $2,609 in the 30055 zip code.
Average Mansfield Assessed Value
$267,911
Average Morgan County Assessed Value
$223,250
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mansfield, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30055 | $61,573 | $122,183 | $267,911 | $401,752 | $506,852 |
Source: Ownwell
Property Tax Bills Across Mansfield, Georgia
In Mansfield, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the market value of the property. For instance, if the median home price in Mansfield is $267,911, the assessed value would be a fraction of this amount, subject to local assessment rates. Homeowners then apply the local tax rate to this assessed value to determine their property tax bill. Mansfield's property tax rates vary, with the 25th percentile tax bill at $1,196 and the 75th percentile at $3,931. The 90th percentile tax bill can go as high as $4,959, indicating a significant range depending on property value and applicable exemptions. These property taxes fund essential local services such as schools, public safety, and infrastructure. Comparing this to the national median property tax rate of 0.99%, Mansfield’s rates can be considered relatively moderate, though individual bills can vary widely based on property value and specific local policies.
Average Mansfield Tax Bill
$2,609
Average Morgan County Tax Bill
$2,264
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Mansfield, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30055 | $602 | $1,196 | $2,609 | $3,931 | $4,959 |
Source: Ownwell