Mansfield, Missouri Property Taxes
The median property tax rate in Mansfield, MO is 0.63%, significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $46,900 in Mansfield, the typical annual property tax bill is around $311, far below the national median of $2,690. Property taxes in Mansfield are calculated based on the tax assessed value, which is often less than the market value due to various exemptions like 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 Douglas County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mansfield, Missouri Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
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, Missouri
Property taxes in Mansfield, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mansfield is 0.63%, which is lower than 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 Missouri and the national median. For comparison, the zip code 65704 has both the highest and lowest median property tax rate of 0.63%. Understanding how these cities compare with Mansfield provides valuable insights into the varying tax landscape across Douglas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mansfield Tax Rate
0.63%
Average Douglas County Tax Rate
0.60%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mansfield, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65704 | 0.59% | 0.60% | 0.63% | 0.65% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Mansfield, Missouri
In Mansfield, Missouri, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Douglas 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 highest and lowest median tax bills in Mansfield are both $311, found in zip code 65704.
Average Mansfield Assessed Value
$46,900
Average Douglas County Assessed Value
$74,600
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mansfield, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65704 | $19,540 | $29,800 | $46,900 | $70,350 | $84,420 |
Source: Ownwell
Property Tax Bills Across Mansfield, Missouri
In Mansfield, located in Douglas County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Mansfield is $46,900. Homeowners can expect their tax bill to fall within a range, with the 25th percentile at $195 and the 75th percentile at $426. The 90th percentile tax bill reaches up to $494. These figures indicate that while some homeowners may enjoy lower tax bills, others might face higher costs depending on their property's assessed value and any applicable exemptions. Comparatively, the median property tax rate in Mansfield aligns closely with the national median property tax rate of 0.99%. Factors such as property improvements, neighborhood developments, and changes in local government budgets can influence tax assessments and, consequently, tax bills. For homeowners, understanding these factors is crucial, as they directly impact annual financial planning and the overall cost of property ownership in Mansfield.
Average Mansfield Tax Bill
$311
Average Douglas County Tax Bill
$445
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Mansfield, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65704 | $126 | $195 | $311 | $426 | $494 |
Source: Ownwell