Hartington, Nebraska Property Taxes
The median property tax rate in Hartington, NE is 1.54%, which is higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $151,455 in Hartington, the typical annual property tax bill amounts to $2,051, falling short of the national median of $2,690. Property taxes in Hartington are determined based on the tax assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Gaining a comprehensive understanding of Hartington's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Hartington or another part of Cedar County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hartington, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.54%
Estimate Property Tax Bill
$2,332
Ownwell’s Hartington Property Tax Bill Calculator provides homeowners, real estate investors, and potential buyers with a quick way to estimate annual property taxes in Hartington using just two pieces of information. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Hartington to give you an accurate estimate of your property tax bill. This valuable tool helps you anticipate potential tax obligations. For those interested in neighborhood-level trends, further localized information is available below. Your property’s assessed value, determined by Cedar County, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Hartington, Nebraska
Property taxes in Hartington, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hartington is 1.54%, significantly higher than both the Nebraska state median of 1.61% and the U.S. national median of 0.99%. Local government entities within Hartington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hartington 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 Hartington's effective property tax rate to other counties in Nebraska and the national median. For comparison, the highest median property tax rate in Cedar County is also 1.54%, while the lowest median tax rate is 1.54%. Understanding how these cities compare with Hartington provides valuable insights into the varying tax landscape across Cedar County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hartington Tax Rate
1.54%
Average Cedar County Tax Rate
1.45%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hartington, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68739 | 0.84% | 0.86% | 1.54% | 1.54% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Hartington, Nebraska
In Hartington, 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 Cedar County Assessor's 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 Hartington, 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. Notably, the highest and lowest median tax bills in Hartington are both $2051, found in the 68739 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hartington Assessed Value
$151,455
Average Cedar County Assessed Value
$117,330
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hartington, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68739 | $42,868 | $86,184 | $151,455 | $301,680 | $682,640 |
Source: Ownwell
Property Tax Bills Across Hartington, Nebraska
In Hartington, located in Cedar County, NE, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is derived from the market value of the property, which is periodically evaluated by county assessors. Factors such as property size, location, and improvements can influence the assessed value. For homeowners, this means that changes in the real estate market or property modifications can impact their tax bills. In Hartington, the median home price is $151,455, and tax bills can vary significantly. For instance, the 25th percentile tax bill is $1,144, while the 75th percentile tax bill rises to $3,528. At the 90th percentile, homeowners may face a tax bill as high as $6,518. Comparatively, the national median property tax rate is 0.99%, making it crucial for Hartington residents to understand how local assessments and rates affect their financial obligations. Understanding these factors helps homeowners anticipate and manage their annual property tax expenses effectively.
Average Hartington Tax Bill
$2,051
Average Cedar County Tax Bill
$1,639
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Hartington, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68739 | $523 | $1,144 | $2,051 | $3,528 | $6,518 |
Source: Ownwell