Mansfield, Texas Property Taxes
The median property tax rate in Mansfield, TX is 1.01%, slightly higher than the national median of 0.99%, but lower than the Texas state median of 1.67%. With a median home value of $514,636, the typical annual property tax bill in Mansfield reaches $5,261, far exceeding the national median of $2,690. Property taxes here are calculated based on the assessed value, which is generally lower 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, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$5,198
$4,809
$1,148
Average Mansfield, Texas Tax Savings
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 not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Mansfield. 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, Texas
Property taxes in Mansfield, Texas, 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 1.01%, which is slightly higher than both the Texas 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 Texas and the national median. For comparison, the 76065 zip code has the highest median property tax rate of 1.26%, while the 76063 zip code has the lowest median tax rate of 1.01%. Understanding how these cities compare with Mansfield provides valuable insights into the varying tax landscape across Ellis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mansfield Tax Rate
1.01%
Average Ellis County Tax Rate
1.33%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mansfield, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76063 | 0.44% | 0.92% | 1.01% | 1.16% | 1.22% |
| 76065 | 1.26% | 1.26% | 1.26% | 1.26% | 1.26% |
Source: Ownwell
$1,148
Average Mansfield Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Mansfield, Texas
In Mansfield, Texas, grasping the difference between "market value" and "assessed value" is essential for understanding 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 Ellis County Appraisal District for tax purposes. Conversely, 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 highest median tax bill in Mansfield is $5,269 in the 76063 zip code, whereas the lowest median tax bill is $3,056 in the 76065 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Awareness 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
$514,636
Average Ellis County Assessed Value
$332,264
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mansfield, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76063 | $396,484 | $461,930 | $515,523 | $555,616 | $578,701 |
| 76065 | $39,287 | $73,317 | $130,034 | $186,752 | $220,782 |
Source: Ownwell
$1,148
Average Mansfield Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Mansfield, Texas
In Mansfield, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the Ellis County Appraisal District. The tax rate is applied to this assessed value to determine the annual tax bill. Various factors, such as market conditions, property improvements, and neighborhood trends, influence the assessed value. The median home price in Mansfield is $514,636, with tax bills varying significantly across the city. For instance, the 25th percentile tax bill is $4,044, while the 75th percentile reaches $5,975, and the 90th percentile can go up to $6,698. These tax bills can place a considerable financial burden on homeowners. This is where Ownwell steps in to help. By providing expert property tax appeal and exemption services, Ownwell can assist homeowners in potentially lowering their assessed values, thereby reducing their tax bills. With the highest median tax bill in Mansfield being $5,269, homeowners can benefit significantly from Ownwell's services by ensuring they are not overpaying on their property taxes.
Average Mansfield Tax Bill
$5,261
Average Ellis County Tax Bill
$4,181
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Mansfield, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76063 | $2,119 | $4,077 | $5,269 | $5,977 | $6,699 |
| 76065 | $3,056 | $3,056 | $3,056 | $3,056 | $3,056 |
Source: Ownwell
$1,148
Average Mansfield Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Ellis Appraisal District | |
| Phone | (972) 825-5150 |
| Website | www.elliscad.com |
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