Mansfield, Piatt County, Illinois Property Taxes

Name: Property Tax Bills Across Mansfield, Piatt County, Illinois
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Mansfield, IL effective property tax rate: 2.94%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Mansfield, IL home value: $218,505
Median annual Mansfield, IL tax bill: $6,725, $4,325 higher than the national median property tax bill of $2,400.

How are property taxes in Piatt calculated?

Property taxes in Mansfield, IL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Mansfield’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mansfield, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Mansfield, Piatt County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.94%

Estimate Property Tax Bill

$6,424

$5,961

Ownwell’s Mansfield Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mansfield with just two data points. By entering your property's estimated assessed value, our calculator applies Mansfield’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in 17147.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Mansfield, Piatt County, Illinois

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Mansfield’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Mansfield, located in Piatt County, has a median property tax rate of 2.94%, which is significantly higher than the national median of 1.02%. This places Mansfield among the highest in the state, with the same rate observed in other areas within the 61854 zip code. Despite the uniformity within its zip code, the rate is notably higher than the national average. This difference emphasizes the importance of understanding local property tax rates and how they compare on a broader scale.

Property Tax Rates Across Mansfield, Piatt County, Illinois

Source: Ownwell

2.22%

2.71%

3.20%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Mansfield Tax Rate

2.94%

Median Effective Piatt County Tax Rate

2.43%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mansfield, Piatt County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61854	2.29%	2.73%	2.94%	3.05%	3.26%

Source: Ownwell

Property Tax Assessment Values Across Mansfield, Piatt County, Illinois

When examining property taxes in Mansfield, Illinois, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Piatt County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Piatt County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Mansfield. For example, the median home price in Mansfield is $218,505, with tax bills ranging significantly across the county. 61854 has the highest median home price at $218,505.

Property Tax Assessment Values Across Mansfield, Piatt County, Illinois

Source: Ownwell

$123,234

$214,217

$305,199

Median Mansfield Market Value

$218,505

Median Piatt County Market Value

$166,770

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mansfield, Piatt County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61854	$71,324	$116,852	$218,505	$340,216	$444,788

Source: Ownwell

Property Tax Bills Across Mansfield, Piatt County, Illinois

In Mansfield, located in Piatt County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual property tax bill. Various factors influence these calculations, including changes in local government budgets and the overall economic climate. Homeowners in Mansfield face a significant property tax burden, with bills ranging from $3,349 at the 25th percentile to $13,146 at the 90th percentile. This is considerably higher than the national median property tax bill of $2,400. Such high property taxes can place a financial strain on homeowners, making it essential to explore potential savings. Ownwell offers expert property tax appeal services, helping homeowners in Mansfield potentially reduce their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell ensures that homeowners are not overpaying, providing peace of mind and financial relief in an area with notably high property taxes.

Property Tax Bills Across Mansfield, Piatt County, Illinois

Source: Ownwell

$3,412

$6,110

$8,807

Median Mansfield Tax Bill

$6,725

Median Piatt County Tax Bill

$4,197

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Mansfield, Piatt County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61854	$2,258	$3,349	$6,725	$9,720	$13,146

Source: Ownwell