Ames, Nebraska Property Taxes
The median property tax rate in Ames, Nebraska is 1.57%, which is significantly higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $157,962 in Ames, the typical annual property tax bill amounts to $2,089, falling below the national median of $2,690. Property taxes in Ames are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Ames'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 Ames or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ames, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.57%
Estimate Property Tax Bill
$2,480
Ownwell’s Ames Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ames with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ames 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 Ames, Nebraska
Property taxes in Ames, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ames is 1.57%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Ames set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ames 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 Ames's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68621 zip code has the highest median property tax rate of 1.57%, while the same zip code also has the lowest median tax rate of 1.57%. Understanding how these cities compare with Ames provides valuable insights into the varying tax landscape across Dodge County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ames Tax Rate
1.57%
Average Dodge County Tax Rate
1.79%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ames, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68621 | 1.06% | 1.10% | 1.57% | 1.57% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Ames, Nebraska
In Ames, 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 Dodge 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 Ames, 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. For instance, the median home price in Ames is $157,962, with tax bills ranging from $1,300 at the 25th percentile to $8,991 at the 90th percentile. The zip code 68621 has the highest median tax bill of $2,089. 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 Ames helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ames Assessed Value
$157,962
Average Dodge County Assessed Value
$133,688
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ames, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68621 | $41,156 | $88,615 | $157,962 | $280,384 | $571,091 |
Source: Ownwell
Property Tax Bills Across Ames, Nebraska
In Ames, located in Dodge County, NE, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Ames see a range of property tax bills, with the 25th percentile being around $1,300 and the 75th percentile reaching $3,298. For those at the 90th percentile, tax bills can soar to $8,991. These tax bills are influenced by various factors, including property size, location, and improvements made to the home. The highest median tax bill in the area is $2,089, as seen in the zip code 68621. This is significantly higher than the national median property tax rate of 0.99%. High property taxes can impact homeowners by increasing the overall cost of owning a home, making budgeting more challenging. Understanding these factors can help homeowners better anticipate their annual financial commitments.
Average Ames Tax Bill
$2,089
Average Dodge County Tax Bill
$2,379
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Ames, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68621 | $580 | $1,300 | $2,089 | $3,298 | $8,991 |
Source: Ownwell