West Mansfield, Ohio Property Taxes
The median property tax rate in West Mansfield, OH is 1.61%, which is considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in West Mansfield at $110,440, the typical annual property tax bill amounts to $1,690, which is below the national median of $2,690. Property taxes in West Mansfield are calculated based on the tax assessed value, often lower than the market value thanks to exemptions like the primary residence and agricultural exemptions. Understanding West 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 West Mansfield or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
West Mansfield, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell’s WEST MANSFIELD Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in WEST MANSFIELD with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in WEST 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 West Mansfield, Ohio
Property taxes in West Mansfield, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Mansfield is 1.61%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within West Mansfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, West 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 West Mansfield's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43358 zip code has the highest median property tax rate of 1.61%, while the 43358 zip code also has the lowest median tax rate of 1.61%. Understanding how these areas compare with West Mansfield provides valuable insights into the varying tax landscape across Logan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average West Mansfield Tax Rate
1.61%
Average Logan County Tax Rate
1.65%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across West Mansfield, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43358 | 1.20% | 1.46% | 1.61% | 1.66% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across West Mansfield, Ohio
In West Mansfield, Ohio, 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 Logan County Auditor 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 West 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 West Mansfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In West Mansfield, the median home price is $110,440. The 25th percentile tax bill is $1,226, while the 75th percentile tax bill is $2,346. The highest median tax bill can be found in zip code 43358, amounting to $1,690.
Average West Mansfield Assessed Value
$110,440
Average Logan County Assessed Value
$106,220
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across West Mansfield, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43358 | $33,674 | $77,760 | $110,440 | $154,420 | $238,662 |
Source: Ownwell
Property Tax Bills Across West Mansfield, Ohio
Property tax bills in West Mansfield, Logan County, OH, are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is a percentage of the market value of the home. For instance, the median home price in West Mansfield is $110,440. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions or deductions. In West Mansfield, the 25th percentile tax bill is $1,226, while the 75th percentile tax bill is $2,346. For those in the 90th percentile, the tax bill can reach up to $3,209. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Homeowners in West Mansfield must budget for these taxes, which can significantly impact their overall housing costs. Compared to the national median property tax rate of 0.99%, the tax rates in West Mansfield reflect the local economic conditions and public service needs.
Average West Mansfield Tax Bill
$1,690
Average Logan County Tax Bill
$1,716
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across West Mansfield, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43358 | $566 | $1,226 | $1,690 | $2,346 | $3,209 |
Source: Ownwell