Saronville, Nebraska Property Taxes
The median property tax rate in Saronville, NE is 1.05%, slightly higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $132,485, the typical annual property tax bill in Saronville amounts to $1,360, which is below the national median of $2,690. Property taxes in Saronville are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Saronville'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 Saronville 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
Saronville, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$1,391
Ownwell’s Saronville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saronville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saronville 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 Saronville, Nebraska
Property taxes in Saronville, Nebraska, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Saronville is 1.25%, which is higher than both the Nebraska state median of 1.61% and the U.S. national median of 0.99%. Local government entities within Saronville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saronville 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 Saronville's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68975 has the highest median property tax rate of 1.25%, while the same zip code has the lowest median tax rate of 1.25%. Understanding how these cities compare with Saronville provides valuable insights into the varying tax landscape across Clay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saronville Tax Rate
1.05%
Average Clay County Tax Rate
1.67%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saronville, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68975 | 1.04% | 1.05% | 1.05% | 1.17% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Saronville, Nebraska
In Saronville, 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 Clay 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 Saronville, 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 Saronville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 68975, with a median tax bill of $1,360.
Average Saronville Assessed Value
$132,485
Average Clay County Assessed Value
$85,465
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saronville, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68975 | $2,135 | $41,376 | $132,485 | $231,452 | $629,358 |
Source: Ownwell
Property Tax Bills Across Saronville, Nebraska
In Saronville, property tax bills are calculated based on the assessed value of your home, which is determined by the local assessor's office. The assessed value is then multiplied by the local tax rate, which in Clay County, NE, varies but is often influenced by the needs of public services such as schools, infrastructure, and emergency services. For example, with a median home price of $132,485, homeowners might see a wide range in their tax bills. The 25th percentile tax bill is around $191, while the 75th percentile tax bill can go up to $2,436, and the 90th percentile reaches $6,548. These variations can significantly affect homeowners, especially when compared to the national median property tax rate of 0.99%. In Saronville, the highest and lowest median tax bills are both $1,360, indicating a relatively stable tax environment within the ZIP code 68975. Understanding these factors can help homeowners better anticipate their annual property tax obligations and budget accordingly.
Average Saronville Tax Bill
$1,360
Average Clay County Tax Bill
$1,360
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Saronville, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68975 | $10 | $191 | $1,360 | $2,436 | $6,548 |
Source: Ownwell