Mansfield, Massachusetts Property Taxes
The median property tax rate in Mansfield, MA is 1.41%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Mansfield at $516,000, the typical annual property tax bill reaches $7,270, exceeding the national median of $2,690. Property taxes in Mansfield are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence exemption. 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, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.41%
Estimate Property Tax Bill
$7,276
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, Massachusetts
Property taxes in Mansfield, Massachusetts, 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 1.41%, higher than 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 Massachusetts and the national median. For comparison, the 02048 zip code has the highest median property tax rate of 1.41%, while the same zip code also has the lowest median tax rate of 1.41%. Understanding how these cities compare with Mansfield provides valuable insights into the varying tax landscape across Bristol County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mansfield Tax Rate
1.41%
Average Bristol County Tax Rate
1.27%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mansfield, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02048 | 1.41% | 1.41% | 1.41% | 1.41% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Mansfield, Massachusetts
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Mansfield, Massachusetts. 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 Bristol 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. Mansfield homeowners see a median home price of $516,000, with tax bills ranging from $5,995 at the 25th percentile to $10,277 at the 90th percentile. The zip code 02048 has both the highest and lowest median tax bills, at $7,270. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Property Tax Assessment Values Across Mansfield, Massachusetts
Source: Ownwell
$270,400
$556,350
$842,300
Average Mansfield Assessed Value
$516,000
Average Bristol County Assessed Value
$384,800
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mansfield, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02048 | $310,750 | $425,525 | $516,000 | $626,675 | $729,650 |
Source: Ownwell
Property Tax Bills Across Mansfield, Massachusetts
In Mansfield, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the town assessor and reflects the market value of the property. The local tax rate is applied to this assessed value to calculate the annual tax bill. Various factors influence the assessed value, including property size, location, and condition. Homeowners in Mansfield can expect property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $5,995, while the 75th percentile reaches $8,828. At the 90th percentile, the tax bill can go up to $10,277. Compared to the national median property tax rate of 0.99%, Mansfield's tax bills are relatively high, reflecting the town's property values and tax rates. This can significantly impact homeowners, affecting their monthly budgets and overall financial planning. The highest and lowest median tax bills in the area are both $7,270, specifically in the 02048 zip code.
Average Mansfield Tax Bill
$7,270
Average Bristol County Tax Bill
$4,707
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Mansfield, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02048 | $4,373 | $5,995 | $7,270 | $8,828 | $10,277 |
Source: Ownwell