Mansfield, Ohio Property Taxes
The median property tax rate in Mansfield, OH is 1.96%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Mansfield, the typical annual property tax bill reaches $1,601, which, while below the national median of $2,690, can still be a significant expense for homeowners. 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 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, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
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, Ohio
Property taxes in Mansfield, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mansfield is 1.96%, 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 areas in Ohio and the national median. For comparison, the 44904 zip code has the highest median property tax rate of 2.08%, while the 44905 zip code has the lowest median tax rate of 1.92%. Understanding how these cities compare with Mansfield provides valuable insights into the varying tax landscape across Richland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mansfield Tax Rate
1.96%
Average Richland County Tax Rate
1.92%
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 |
|---|---|---|---|---|---|
| 44901 | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% |
| 44902 | 1.05% | 1.96% | 2.00% | 2.05% | 2.90% |
| 44903 | 1.21% | 1.56% | 1.96% | 2.03% | 2.10% |
| 44904 | 1.55% | 1.84% | 2.08% | 2.23% | 2.28% |
| 44905 | 1.32% | 1.57% | 1.92% | 2.00% | 2.99% |
| 44906 | 1.31% | 1.96% | 2.00% | 2.18% | 2.77% |
| 44907 | 1.39% | 1.57% | 1.96% | 2.00% | 2.05% |
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 Richland 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. For example, the median home price in Mansfield is $84,780, with tax bills ranging from $759 at the 25th percentile to $3,776 at the 90th percentile. The highest median tax bill is $2,761 in zip code 44904, while the lowest is $109 in zip code 44901. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mansfield Assessed Value
$84,780
Average Richland County Assessed Value
$93,590
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 |
|---|---|---|---|---|---|
| 44901 | $5,460 | $5,460 | $5,460 | $5,460 | $5,460 |
| 44902 | $7,020 | $13,210 | $24,430 | $36,840 | $50,258 |
| 44903 | $18,520 | $35,055 | $94,790 | $143,160 | $216,760 |
| 44904 | $87,433 | $109,255 | $138,220 | $181,325 | $246,348 |
| 44905 | $12,316 | $43,990 | $72,930 | $99,370 | $124,728 |
| 44906 | $8,140 | $30,225 | $55,330 | $105,780 | $196,142 |
| 44907 | $23,188 | $54,158 | $85,225 | $121,895 | $154,621 |
Source: Ownwell
Property Tax Bills Across Mansfield, Ohio
In Mansfield, located in Richland County, 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 then multiplied by the local tax rate to determine the annual tax bill. Various factors influence the assessed value, including the property's market value, size, location, and any improvements made to it. Homeowners in Mansfield can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $759, while the 75th percentile reaches $2,560, and the 90th percentile can be as high as $3,776. This variation highlights the impact of property value and local tax rates on individual tax bills. Comparatively, Mansfield's property tax rates can be seen as moderate when juxtaposed with the national median property tax rate of 0.99%. Homeowners in Mansfield should be aware of these factors as they can significantly affect their annual financial planning and the overall cost of homeownership.
Average Mansfield Tax Bill
$1,601
Average Richland County Tax Bill
$1,633
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 |
|---|---|---|---|---|---|
| 44901 | $109 | $109 | $109 | $109 | $109 |
| 44902 | $122 | $235 | $445 | $718 | $1,041 |
| 44903 | $340 | $694 | $1,661 | $2,617 | $3,831 |
| 44904 | $1,676 | $2,170 | $2,761 | $3,711 | $5,208 |
| 44905 | $302 | $830 | $1,362 | $1,926 | $2,572 |
| 44906 | $225 | $601 | $1,193 | $2,166 | $4,026 |
| 44907 | $410 | $881 | $1,544 | $2,296 | $3,090 |
Source: Ownwell