Mansfiel, Texas Property Taxes
The median property tax rate in Mansfield, TX is 2.23%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Mansfield at $417,260, the typical annual property tax bill reaches $9,933, significantly 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 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
Mansfiel, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.23%
Estimate Property Tax Bill
$9,305
$8,609
$1,148
Average Mansfiel, 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 Mansfiel, 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 2.23%, significantly 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 76084 ZIP code has the highest median property tax rate of 2.23%, while the same ZIP code also has the lowest median tax rate of 2.23%. Understanding how these cities compare with Mansfield provides valuable insights into the varying tax landscape across Johnson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mansfiel Tax Rate
2.23%
Average Johnson County Tax Rate
2.20%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mansfiel, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76084 | 2.19% | 2.21% | 2.23% | 2.41% | 2.76% |
Source: Ownwell
$1,148
Average Mansfiel Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Mansfiel, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Mansfield, Texas. 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 Johnson 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. Being aware of these valuation processes in Mansfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Mansfield is $417,260, with tax bills ranging from $8,882 at the 25th percentile to $12,557 at the 90th percentile. The zip code 76084 has the highest median tax bill at $9,933.
Average Mansfiel Assessed Value
$417,260
Average Johnson County Assessed Value
$190,190
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mansfiel, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76084 | $361,856 | $382,856 | $417,260 | $469,463 | $529,941 |
Source: Ownwell
$1,148
Average Mansfiel Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Mansfiel, Texas
In Mansfield, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the Johnson County Appraisal District. The tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. For example, with a median home price of $417,260, homeowners can expect tax bills ranging from $8,882 at the 25th percentile to $12,557 at the 90th percentile. The highest and lowest median tax bills in the area are both $9,933, reflecting a consistent tax rate across different properties. High property tax bills can be a significant burden for homeowners, but Ownwell can help reduce this financial strain. By providing expert property tax appeal and exemption services, Ownwell can identify discrepancies in assessed values and ensure homeowners are not overpaying. This can lead to substantial savings, making homeownership more affordable and less stressful.
Average Mansfiel Tax Bill
$9,933
Average Johnson County Tax Bill
$4,339
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Mansfiel, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76084 | $8,228 | $8,882 | $9,933 | $11,088 | $12,557 |
Source: Ownwell
$1,148
Average Mansfiel 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 | |
|---|---|
| Johnson Appraisal District | |
| Website | esearch.johnsoncad.com |
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