Mansfield Center, Connecticut Property Taxes
The median property tax rate in Mansfield Center, CT is 3.55%, 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 $4,111, 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
$1,500,000
$3,000,000
Average Tax Rate
3.55%
Estimate Property Tax Bill
$4,111
$3,815
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 3.55%, 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 3.55%, while the same zip code also has the lowest median tax rate of 3.55%. Understanding how these cities compare with Mansfield Center provides valuable insights into the varying tax landscape across Windham County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mansfield Center Tax Rate
3.55%
Average Windham County Tax Rate
2.75%
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 | 3.55% | 3.55% | 3.55% | 3.55% | 3.55% |
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 local appraisal authorities 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. Notably, the zip code 06250 has the highest and lowest median tax bill at $4,111, highlighting the consistency in tax assessments within this area.
Property Tax Assessment Values Across Mansfield Center, Connecticut
Source: Ownwell
$61,135
$147,188
$233,240
Average Mansfield Center Assessed Value
$115,800
Average Windham County Assessed Value
$144,900
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 | $109,280 | $112,700 | $115,800 | $131,400 | $184,420 |
Source: Ownwell
Property Tax Bills Across Mansfield Center, Connecticut
In Mansfield Center, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in this area is $115,800. Local tax authorities determine the tax rate, which is applied to the assessed value to calculate the annual tax bill. For homeowners in Mansfield Center, the 25th percentile of property tax bills is $4,001, while the 75th percentile reaches $4,665, and the 90th percentile can go as high as $6,547. These figures indicate a significant range in tax bills, reflecting differences in property values and individual assessments. Compared to the national median property tax rate of 0.99%, homeowners in Mansfield Center experience higher tax rates, affecting their overall cost of homeownership. This can impact decisions on buying, selling, or investing in property within the region. Understanding these factors is crucial for homeowners to manage their finances and plan for future expenses effectively.
Average Mansfield Center Tax Bill
$4,111
Average Windham County Tax Bill
$4,074
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 | $3,880 | $4,001 | $4,111 | $4,665 | $6,547 |
Source: Ownwell