Mansfield, Connecticut Property Taxes
The median property tax rate in Mansfield, CT is 3.15%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Mansfield, the typical annual property tax bill reaches $1,299, which is below 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
Mansfield, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.15%
Estimate Property Tax Bill
$1,298
$1,204
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, Connecticut
Property taxes in Mansfield, Connecticut, 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 3.15%, significantly higher than both the Connecticut 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 Connecticut and the national median. For comparison, the 06268 zip code has the highest median property tax rate of 3.15%, while the 06250 zip code has the lowest median tax rate of 3.15%. Understanding how these cities compare with Mansfield provides valuable insights into the varying tax landscape across Tolland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mansfield Tax Rate
3.15%
Average Tolland County Tax Rate
3.34%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mansfield, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06250 | 3.15% | 3.15% | 3.15% | 3.15% | 3.15% |
| 06268 | 3.15% | 3.15% | 3.15% | 3.15% | 3.15% |
Source: Ownwell
Property Tax Assessment Values Across Mansfield, Connecticut
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Mansfield, Connecticut. The market value is what a willing buyer would pay a willing seller in an open market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Tolland County Appraisal District for tax purposes. The assessed value, on the other hand, 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 $1,299 in the 06268 zip code, while the lowest is $762 in the 06250 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mansfield Assessed Value
$41,200
Average Tolland County Assessed Value
$164,900
Average Connecticut Assessed Value
$189,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mansfield, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06250 | $5,360 | $9,375 | $24,150 | $84,575 | $142,330 |
| 06268 | $39,300 | $41,200 | $41,200 | $156,200 | $165,000 |
Source: Ownwell
Property Tax Bills Across Mansfield, Connecticut
In Mansfield, CT, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The town of Mansfield, located in Tolland County, uses a mill rate to determine the tax bill. This mill rate is applied to every $1,000 of a property's assessed value. For example, if the assessed value of a home is $100,000 and the mill rate is 30, the property tax bill would be $3,000 annually. Several factors influence the assessed value, including the property's size, location, and condition. Homeowners in Mansfield experience a range of property tax bills, with the 25th percentile at $741 and the 75th percentile at $3,997. The highest median tax bill in the area is $1,299 in the 06268 zip code, while the lowest is $762 in the 06250 zip code. Comparing these figures to the national median property tax rate of 0.99%, Mansfield's property tax rates can significantly impact homeowners, potentially making it more challenging to budget for annual expenses.
Average Mansfield Tax Bill
$1,299
Average Tolland County Tax Bill
$5,464
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Mansfield, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06250 | $169 | $296 | $762 | $2,666 | $4,487 |
| 06268 | $1,239 | $1,299 | $1,299 | $4,923 | $5,201 |
Source: Ownwell