Mansfield Center, Connecticut Property Taxes
The median property tax rate in Mansfield Center, 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 Center, the typical annual property tax bill reaches $4,555, exceeding the national median of $2,690. Property taxes in Mansfield Center 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 Center'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 Center 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 Center, Connecticut Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
3.14%
Estimate Property Tax Bill
$6,280
Ownwell’s Mansfield Center Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mansfield Center with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mansfield Center 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 Center, Connecticut
Property taxes in Mansfield Center, 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 Center 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 Center set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mansfield Center 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 Center's effective property tax rate to other counties in Connecticut and the national median. For comparison, the 06250 zip code has the highest median property tax rate of 3.15%, while the same zip code has the lowest median tax rate of 3.15%. Understanding how these cities compare with Mansfield Center 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 Center 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 Center, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06250 | 3.15% | 3.15% | 3.15% | 3.15% | 3.15% |
Source: Ownwell
Property Tax Assessment Values Across Mansfield Center, Connecticut
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Mansfield Center, Connecticut. 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 Tolland 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 Center, 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 Center helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Mansfield Center is $144,500, with the highest and lowest median tax bills both recorded at $4,555 in zip code 06250.
Property Tax Assessment Values Across Mansfield Center, Connecticut
Source: Ownwell
$20,800
$274,665
$528,530
Average Mansfield Center Assessed Value
$144,500
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 Center, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06250 | $82,620 | $113,300 | $144,500 | $183,850 | $224,840 |
Source: Ownwell
Property Tax Bills Across Mansfield Center, Connecticut
In Mansfield Center, located in Tolland County, CT, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is a percentage of the market value of the property. The tax rate, known as the mill rate, is then applied to this assessed value to calculate the annual tax bill. For instance, with a median home price of $144,500, homeowners can expect varying tax bills. The 25th percentile tax bill is $3,571, while the 75th percentile reaches $5,795, and the 90th percentile can go up to $7,087. These figures show how property taxes can significantly impact homeowners, especially when compared to the national median property tax rate of 0.99%. The highest and lowest median tax bills in Mansfield Center are both $4,555, indicating a consistent tax burden across the area. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Mansfield Center Tax Bill
$4,555
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 Center, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06250 | $2,604 | $3,571 | $4,555 | $5,795 | $7,087 |
Source: Ownwell