Mansfield, Georgia Property Taxes
The median property tax rate in Mansfield, GA is 1.05%, slightly higher than the national median of 0.99% but lower than Georgia's state median of 1.08%. With a median home value of $251,600 in Mansfield, the typical annual property tax bill amounts to $2,341, which is below the national median of $2,690. Property taxes in Mansfield are calculated based on the assessed value, which is often less than the market value due to exemptions like 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
1.05%
Estimate Property Tax Bill
$2,642
$2,566
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, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mansfield is 1.05%, higher than both the Georgia state median and 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 counties in Georgia and the national median. For comparison, the 30055 zip code has the highest median property tax rate of 1.05%, while the same zip code also has the lowest median tax rate of 1.05%. Understanding how these cities compare with Mansfield provides valuable insights into the varying tax landscape across Newton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mansfield Tax Rate
1.05%
Average Newton County Tax Rate
1.07%
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 | 0.56% | 0.86% | 1.05% | 1.09% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Mansfield, Georgia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Mansfield, Georgia. 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 Newton 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. For instance, the median home price in Mansfield is $251,600, with the 25th percentile tax bill at $1,394 and the 75th percentile tax bill at $3,605. 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.
Average Mansfield Assessed Value
$251,600
Average Newton County Assessed Value
$206,600
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 | $84,000 | $159,600 | $251,600 | $379,800 | $511,900 |
Source: Ownwell
Property Tax Bills Across Mansfield, Georgia
In Mansfield, Newton County, GA, property tax bills are calculated based on the assessed value of your home, which is typically a percentage of its market value. The county assessors determine this assessed value, and then the local tax rate, or millage rate, is applied to calculate the tax bill. For context, the national median property tax rate is 0.99%, but local rates can vary. Several factors influence the tax bill, including property location, home size, and any applicable exemptions. For instance, Mansfield homeowners with median home prices around $251,600 may find their tax bills ranging from $1,394 at the 25th percentile to $4,757 at the 90th percentile. The highest and lowest median tax bills in Newton County are both $2,341, indicating a level of consistency within the region. Understanding these factors is crucial for homeowners as property taxes can significantly impact annual housing costs. Accurate assessments and awareness of potential exemptions can help manage these expenses effectively.
Average Mansfield Tax Bill
$2,341
Average Newton County Tax Bill
$2,153
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 | $742 | $1,394 | $2,341 | $3,605 | $4,757 |
Source: Ownwell