Spring Ranch, Nebraska Property Taxes
The median property tax rate in Spring Ranch, NE is 1.12%, which is higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in Spring Ranch at $19,435, the typical annual property tax bill amounts to $218, significantly below the national median of $2,690. Property taxes in Spring Ranch are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Spring Ranch'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 Spring Ranch 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
Spring Ranch, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$218
Ownwell’s Spring Ranch Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Spring Ranch with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Spring Ranch 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 Spring Ranch, Nebraska
Property taxes in Spring Ranch, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Spring Ranch is 1.22%, 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 Spring Ranch set these rates annually, and they can vary significantly across different neighborhoods. Each year, Spring Ranch 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 Spring Ranch's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68933 zip code has the highest median property tax rate of 1.22%, while the 68933 zip code has the lowest median tax rate of 1.22%. Understanding how these cities compare with Spring Ranch 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 Spring Ranch Tax Rate
1.12%
Average Clay County Tax Rate
1.67%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Spring Ranch, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68934 | 1.12% | 1.12% | 1.12% | 1.12% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Spring Ranch, Nebraska
In Spring Ranch, 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 Appraisal District 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 Spring Ranch, 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 median home price in Spring Ranch is $19,435, with the 25th percentile tax bill at $125 and the 75th percentile at $312. The highest and lowest median tax bills are both $218, found in the zip code 68934. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Spring Ranch Assessed Value
$19,435
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 Spring Ranch, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68934 | $6,119 | $11,112 | $19,435 | $27,758 | $32,751 |
Source: Ownwell
Property Tax Bills Across Spring Ranch, Nebraska
In Spring Ranch, property tax bills are calculated based on the assessed value of your home, which is determined by local assessors. The median home price in this area is $19,435. The assessed value is then multiplied by the local tax rate to determine your annual tax bill. Factors such as property size, location, and any improvements can influence the assessed value. For homeowners in Spring Ranch, the tax bills vary significantly. For instance, those in the 25th percentile pay around $125, while those in the 75th percentile see bills closer to $312. The 90th percentile of taxpayers face bills up to $368. The highest median tax bill in the county is $218, which is also the lowest, indicating a consistent rate across different areas. Comparatively, the national median property tax rate is 0.99%, making Spring Ranch's property taxes relatively low. This lower tax burden can make homeownership more affordable and attractive in the area.
Average Spring Ranch Tax Bill
$218
Average Clay County Tax Bill
$1,360
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Spring Ranch, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68934 | $69 | $125 | $218 | $312 | $368 |
Source: Ownwell