Mansfield, Ohio Property Taxes
The median property tax rate in Mansfield, OH is 1.62%, considerably higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $96,800 in Mansfield, the typical annual property tax bill amounts to $1,846, which is below the national median of $2,690. Property taxes in Mansfield are calculated based on the assessed value, which often falls below the market value due to exemptions like the 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 the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mansfield, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.62%
Estimate Property Tax Bill
$1,568
$1,455
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, Ohio
Property taxes in 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 Mansfield is 1.62%, higher than both the Ohio state median and 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 Ohio and the national median. For comparison, the 44903 zip code has the highest median property tax rate of 2.01%, while the 44904 zip code has the lowest median tax rate of 1.58%. Understanding how these cities compare with Mansfield provides valuable insights into the varying tax landscape across Morrow County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mansfield Tax Rate
1.62%
Average Morrow County Tax Rate
1.58%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mansfield, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44903 | 1.64% | 1.99% | 2.01% | 2.04% | 2.10% |
| 44904 | 1.25% | 1.45% | 1.58% | 2.01% | 2.06% |
Source: Ownwell
Property Tax Assessment Values Across Mansfield, Ohio
In 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 Morrow 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. In Mansfield, the highest median tax bill is $2,297 in the 44903 zip code, while the lowest median tax bill is $1,776 in the 44904 zip code.
Average Mansfield Assessed Value
$96,800
Average Morrow County Assessed Value
$98,100
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mansfield, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44903 | $5,320 | $11,300 | $54,300 | $165,450 | $217,440 |
| 44904 | $7,650 | $30,250 | $101,450 | $157,325 | $209,400 |
Source: Ownwell
Property Tax Bills Across Mansfield, Ohio
In Mansfield, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. Factors influencing the tax bill include the home's market value, the local tax rate, and any applicable exemptions or deductions. For homeowners in Mansfield, the median home price is $96,800. Property tax bills can vary significantly, with the 25th percentile tax bill at $700 and the 75th percentile at $2,835. The 90th percentile tax bill reaches as high as $3,910. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark to understand local tax burdens. Homeowners in Mansfield's 44903 zip code face the highest median tax bill of $2,297, while those in the 44904 zip code have a lower median tax bill of $1,776. These variations impact homeowners' financial planning and overall affordability of owning property in the area.
Average Mansfield Tax Bill
$1,846
Average Morrow County Tax Bill
$1,602
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Mansfield, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44903 | $274 | $1,232 | $2,297 | $3,967 | $5,025 |
| 44904 | $195 | $647 | $1,776 | $2,671 | $3,736 |
Source: Ownwell