Nehawka, Nebraska Property Taxes
The median property tax rate in Nehawka, NE is 1.45%, which is considerably higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in Nehawka at $169,888, the typical annual property tax bill reaches $2,496, slightly below the national median of $2,690. Property taxes in Nehawka 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 Nehawka'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 Nehawka or another part of Cass County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nehawka, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.45%
Estimate Property Tax Bill
$2,463
Ownwell’s Nehawka Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nehawka with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nehawka 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 Nehawka, Nebraska
Property taxes in Nehawka, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nehawka is 1.45%, significantly higher than the U.S. national median of 0.99%. Local government entities within Nehawka set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nehawka 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 Nehawka's effective property tax rate to other areas in Nebraska and the national median. For comparison, the zip code 68413 has both the highest and lowest median property tax rate of 1.45%, reflecting a uniform rate across the region. Understanding how these areas compare with Nehawka provides valuable insights into the varying tax landscape across Cass County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Nehawka Tax Rate
1.45%
Average Cass County Tax Rate
1.72%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nehawka, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68413 | 1.29% | 1.44% | 1.45% | 1.84% | 1.84% |
Source: Ownwell
Property Tax Assessment Values Across Nehawka, Nebraska
In Nehawka, 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 Cass 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 Nehawka, 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 Nehawka helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 68413 in Nehawka has both the highest and lowest median tax bill at $2,496, highlighting the uniformity in tax assessments within the area.
Average Nehawka Assessed Value
$169,888
Average Cass County Assessed Value
$194,901
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nehawka, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68413 | $43,899 | $77,926 | $169,888 | $327,237 | $543,863 |
Source: Ownwell
Property Tax Bills Across Nehawka, Nebraska
In Nehawka, Cass 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 is a percentage of the market value, reflecting the estimated price a property would sell for in the current market. Several factors influence this assessed value, including the property's location, size, condition, and recent sales of comparable properties in the area. Homeowners in Nehawka experience varying tax bills depending on these assessments and the local tax rate. For instance, the median home price in Nehawka stands at $169,888. Property tax bills in the area range significantly, with the 25th percentile at $1,222 and the 75th percentile reaching $4,759. At the higher end, the 90th percentile tax bill is $7,815. These tax bills impact homeowners by affecting their annual housing costs and the overall affordability of homeownership in the region. Compared to the national median property tax rate of 0.99%, Nehawka's property taxes reflect the local economic conditions and public service funding needs.
Average Nehawka Tax Bill
$2,496
Average Cass County Tax Bill
$3,260
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Nehawka, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68413 | $176 | $1,222 | $2,496 | $4,759 | $7,815 |
Source: Ownwell