Kenesaw, Nebraska Property Taxes
The median property tax rate in Kenesaw, NE is 1.85%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Kenesaw, the typical annual property tax bill reaches $2,185, slightly below the national median of $2,690. Property taxes in Kenesaw 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 Kenesaw'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 Kenesaw 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
Kenesaw, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.85%
Estimate Property Tax Bill
$2,311
Ownwell’s Kenesaw Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kenesaw with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kenesaw 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 Kenesaw, Nebraska
Property taxes in Kenesaw, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kenesaw is 1.85%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Kenesaw set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kenesaw 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 Kenesaw's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68956 zip code has the highest median property tax rate of 1.85%, while the same zip code also has the lowest median tax rate of 1.85%. Understanding how these cities compare with Kenesaw provides valuable insights into the varying tax landscape across Adams County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kenesaw Tax Rate
1.85%
Average Adams County Tax Rate
2.25%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kenesaw, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68956 | 1.41% | 1.84% | 1.85% | 1.85% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Kenesaw, Nebraska
In Kenesaw, Nebraska, 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 Adams County Assessor 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 Kenesaw, 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 Kenesaw helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $2,185, recorded in the 68956 zip code.
Average Kenesaw Assessed Value
$124,900
Average Adams County Assessed Value
$124,114
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kenesaw, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68956 | $40,464 | $79,348 | $124,900 | $185,482 | $359,971 |
Source: Ownwell
Property Tax Bills Across Kenesaw, Nebraska
In Kenesaw, located in Adams County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value considers factors such as the property's market value, location, and improvements. Homeowners in Kenesaw typically face property tax bills that vary significantly. For instance, the tax bill at the 25th percentile is $1,198, while at the 75th percentile, it rises to $3,236, and at the 90th percentile, it reaches $5,743. These tax bills are influenced by the median home price in the area, which stands at $124,900. Compared to the national median property tax rate of 0.99%, Kenesaw's property tax rates can have a substantial impact on homeowners, particularly those with higher-valued properties. The highest median tax bill in the area is $2,185, which is consistent across different zip codes. Understanding these factors is crucial for homeowners to anticipate their property tax obligations and manage their finances accordingly.
Average Kenesaw Tax Bill
$2,185
Average Adams County Tax Bill
$2,530
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Kenesaw, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68956 | $459 | $1,198 | $2,185 | $3,236 | $5,743 |
Source: Ownwell