Ong, Nebraska Property Taxes
The median property tax rate in ONG, NE is 1.13%, which is notably higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value in ONG of $619,478, the typical annual property tax bill amounts to $6,932, significantly surpassing the national median of $2,690. Property taxes in ONG are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding ONG'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 ONG or another part of Fillmore County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ong, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$7,000
Ownwell’s ONG Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ONG with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ONG 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 Ong, Nebraska
Property taxes in ONG, Nebraska, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in ONG is 1.13%, which is higher than the U.S. national median of 0.99%. Local government entities within ONG set these rates annually, and they can vary significantly across different neighborhoods. Each year, ONG 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 ONG's effective property tax rate to other areas in Fillmore County and the national median. For comparison, the zip code 68452 has the highest median property tax rate of 1.13%, while the same zip code also has the lowest median tax rate of 1.13%. Understanding how these areas compare with ONG provides valuable insights into the varying tax landscape across Fillmore County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ong Tax Rate
1.13%
Average Fillmore County Tax Rate
1.63%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ong, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68452 | 1.12% | 1.12% | 1.13% | 1.13% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Ong, Nebraska
In Ong, 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 Fillmore 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 Ong, 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 highest median tax bill in Ong is $6,932 in the 68452 zip code, while the lowest median tax bill is also $6,932 in the same zip code. 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 Ong helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ong Assessed Value
$619,478
Average Fillmore County Assessed Value
$93,580
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ong, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68452 | $236,420 | $380,066 | $619,478 | $858,889 | $1,002,536 |
Source: Ownwell
Property Tax Bills Across Ong, Nebraska
In Ong, Fillmore County, NE, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Ong can expect their property tax bills to vary significantly depending on the value of their homes and the local tax rate. For instance, the median home price in Ong is $619,478. Property tax bills can range widely, with the 25th percentile at $4,265 and the 75th percentile at $9,600. For those at the 90th percentile, the tax bill can be as high as $11,200. The median property tax rate in Ong is notably higher than the national median of 0.99%. These taxes fund essential services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Homeowners should be aware of these factors as they significantly influence overall housing costs and long-term financial planning.
Average Ong Tax Bill
$6,932
Average Fillmore County Tax Bill
$1,380
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Ong, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68452 | $2,664 | $4,265 | $6,932 | $9,600 | $11,200 |
Source: Ownwell