Mansfield, Ohio Property Taxes
The median property tax rate in Mansfield, OH is 1.65%, which is significantly higher than the national median of 0.99% but slightly below Ohio's state median of 1.80%. With a median home value of $130,310 in Mansfield, the typical annual property tax bill amounts to $2,139, falling short of the national median of $2,690. Property taxes in Mansfield are calculated based on the assessed value, 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 substantial annual savings. Whether you're in the heart of Mansfield or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mansfield, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.65%
Estimate Property Tax Bill
$2,150
Ownwell's Mansfield Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Mansfield with just two data points. By entering your property's estimated assessed value, the calculator uses Mansfield's median tax rate to provide an estimate of your property tax bill. This tool offers valuable insights into potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. The assessed value of your property is determined by the county for property tax purposes and includes any applicable exemptions.
Property Tax Rates Across Mansfield, Ohio
Property taxes in Mansfield, Ohio, 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 1.65%, significantly higher than both the Ohio 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 Ohio and the national median. For comparison, the 44903 zip code has the highest median property tax rate of 1.65%, while the 44905 zip code has the lowest median tax rate of 1.40%. Understanding how these cities compare with Mansfield provides valuable insights into the varying tax landscape across Ashland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mansfield Tax Rate
1.65%
Average Ashland County Tax Rate
1.52%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mansfield, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44903 | 1.36% | 1.45% | 1.65% | 1.68% | 1.71% |
| 44905 | 1.36% | 1.38% | 1.40% | 1.42% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Mansfield, Ohio
In Mansfield, Ohio, 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 Ashland 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 example, the median home price in Mansfield is $130,310, with tax bills ranging from $1,661 at the 25th percentile to $3,233 at the 90th percentile. The highest median tax bill is $2,351 in the 44905 zip code, while the lowest median tax bill is $2,139 in the 44903 zip code. 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
$130,310
Average Ashland County Assessed Value
$108,690
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mansfield, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44903 | $91,270 | $100,905 | $129,310 | $173,195 | $202,850 |
| 44905 | $144,796 | $153,130 | $167,020 | $180,910 | $189,244 |
Source: Ownwell
Property Tax Bills Across Mansfield, Ohio
In Mansfield, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is typically a percentage of the property's market value. For instance, with a median home price of $130,310, homeowners can expect varying tax bills. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property location, improvements, and exemptions can influence the assessed value. Homeowners in Mansfield experience a range of tax bills, with the 25th percentile at $1,661 and the 75th percentile at $2,847. The 90th percentile sees tax bills as high as $3,233. Notably, the highest median tax bill in the area is $2,351 for the 44905 zip code, while the lowest is $2,139 in the 44903 zip code. These variations can significantly impact homeowners, affecting their monthly budgets and long-term financial planning. Understanding these factors is crucial for managing property-related expenses effectively.
Average Mansfield Tax Bill
$2,139
Average Ashland County Tax Bill
$1,522
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Mansfield, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44903 | $1,213 | $1,659 | $2,139 | $2,879 | $3,304 |
| 44905 | $1,977 | $2,118 | $2,351 | $2,584 | $2,724 |
Source: Ownwell