Mansfield, Pennsylvania Property Taxes
The median property tax rate in Mansfield, PA is 2.90%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Mansfield at $82,780, the typical annual property tax bill reaches $2,420, which is below the national median of $2,690. Property taxes in Mansfield 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'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, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.9%
Estimate Property Tax Bill
$2,401
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, Pennsylvania
Property taxes in Mansfield, Pennsylvania, 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 2.90%, significantly higher 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 Pennsylvania and the national median. For comparison, the zip code 16933 has the highest median property tax rate of 2.90%, while the same zip code also has the lowest median tax rate of 2.90%. Understanding how these cities compare with Mansfield provides valuable insights into the varying tax landscape across Tioga County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mansfield Tax Rate
2.90%
Average Tioga County Tax Rate
2.81%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mansfield, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16933 | 2.43% | 2.82% | 2.90% | 3.33% | 3.33% |
Source: Ownwell
Property Tax Assessment Values Across Mansfield, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Mansfield, Pennsylvania. 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 Tioga County Assessment Office 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. For instance, the highest median tax bill in Mansfield is $2,420 in the 16933 zip code, while the lowest median tax bill is also $2,420 in the same zip code. Awareness of these processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mansfield Assessed Value
$82,780
Average Tioga County Assessed Value
$70,440
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mansfield, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16933 | $15,608 | $50,590 | $82,780 | $120,740 | $162,338 |
Source: Ownwell
Property Tax Bills Across Mansfield, Pennsylvania
In Mansfield, located in Tioga County, PA, property tax bills are calculated based on the assessed value of a home. The local government determines this assessed value, which is then multiplied by the local property tax rate to calculate the annual tax bill. Various factors influence the assessed value, including the home's market value, location, and any improvements made to the property. Homeowners in Mansfield experience a range of tax bills. For instance, the tax bill at the 25th percentile is $1,413, significantly lower than the national median property tax rate of 0.99%. On the higher end, the 75th percentile tax bill reaches $3,408, and the 90th percentile tax bill can go up to $4,495. The highest median tax bill in the area is $2,420, found in the 16933 zip code. These property taxes impact homeowners by influencing their overall housing costs and potentially affecting their ability to afford other expenses. Understanding how these taxes are calculated can help homeowners better plan their finances and consider any available exemptions or appeals.
Average Mansfield Tax Bill
$2,420
Average Tioga County Tax Bill
$1,960
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mansfield, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16933 | $416 | $1,413 | $2,420 | $3,408 | $4,495 |
Source: Ownwell