Upland, Nebraska Property Taxes
The median property tax rate in Upland, NE is 2.30%, significantly higher than both the national median of 0.99% and Nebraska's state median of 1.75%. With the median home value in Upland, the typical annual property tax bill reaches $963, which is below the national median of $2,690. Property taxes in Upland are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Upland'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 Upland 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
Upland, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.3%
Estimate Property Tax Bill
$1,170
Ownwell’s Upland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Upland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Upland 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 Upland, Nebraska
Property taxes in Upland, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Upland is 2.30%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Upland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Upland 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 Upland's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68981 has both the highest and lowest median property tax rate in Franklin County at 2.30%. Understanding how these areas compare with Upland provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Upland Tax Rate
2.30%
Average Franklin County Tax Rate
1.73%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Upland, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68981 | 1.20% | 1.42% | 2.30% | 2.30% | 2.30% |
Source: Ownwell
Property Tax Assessment Values Across Upland, Nebraska
In Upland, 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 Franklin 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 Upland, 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 Upland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Upland is $50,878, with the lowest and highest median tax bills both recorded at $963 in the 68981 zip code.
Average Upland Assessed Value
$50,878
Average Franklin County Assessed Value
$50,605
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Upland, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68981 | $4,198 | $12,766 | $50,878 | $294,131 | $717,106 |
Source: Ownwell
Property Tax Bills Across Upland, Nebraska
In Upland, located in Franklin County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Upland, the median home price is $50,878, and property tax bills can vary significantly. The 25th percentile tax bill is $290, while the 75th percentile reaches $4,136, and the 90th percentile can be as high as $9,015. Factors influencing the tax bill include the home's market value, local tax rates, and any applicable exemptions. Homeowners in Upland should be aware that their property tax bill can have a substantial impact on their annual expenses. Compared to the national median property tax rate of 0.99%, these variations highlight the importance of understanding local property tax dynamics. By staying informed, homeowners can better anticipate and manage their property tax obligations.
Average Upland Tax Bill
$963
Average Franklin County Tax Bill
$872
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Upland, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68981 | $96 | $290 | $963 | $4,136 | $9,015 |
Source: Ownwell