Moorefield, Nebraska Property Taxes
The median property tax rate in Moorefield, NE is 1.53%, considerably higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $47,220 in Moorefield, the typical annual property tax bill reaches $591, which is significantly below the national median of $2,690. Property taxes in Moorefield 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 Moorefield'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 Moorefield or another part of Frontier County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Moorefield, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.53%
Estimate Property Tax Bill
$722
Ownwell’s Moorefield Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Moorefield with just two simple data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moorefield to provide an estimate of your property tax bill. This valuable tool offers a clear understanding of your potential tax liabilities, helping you make informed decisions. For those interested in more detailed insights, you can explore trends on a neighborhood level by scrolling down for localized information. Your property’s assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Moorefield, Nebraska
Property taxes in Moorefield, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moorefield is 1.53%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Moorefield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moorefield 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 Moorefield's effective property tax rate to other areas in Nebraska and the national median. For comparison, the 69039 zip code has the highest median property tax rate of 1.53%, which is the same as Moorefield's rate. Understanding how these areas compare with Moorefield provides valuable insights into the varying tax landscape across Frontier County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Moorefield Tax Rate
1.53%
Average Frontier County Tax Rate
1.50%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moorefield, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69039 | 0.61% | 1.24% | 1.53% | 1.62% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Moorefield, Nebraska
In Moorefield, 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 Frontier 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 Moorefield, 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 Moorefield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 69039 has both the highest and lowest median tax bill at $591, highlighting a uniform tax landscape in the area.
Average Moorefield Assessed Value
$47,220
Average Frontier County Assessed Value
$86,548
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Moorefield, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69039 | $2,839 | $7,597 | $47,220 | $113,428 | $197,146 |
Source: Ownwell
Property Tax Bills Across Moorefield, Nebraska
Property tax bills in Moorefield, located in Frontier County, NE, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. For homeowners in Moorefield, the median home price is $47,220. The tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the final tax amount, including property location, improvements, and exemptions. For instance, tax bills at the 25th percentile are around $108, while those at the 75th percentile reach $1,109. At the 90th percentile, homeowners might see tax bills as high as $1,623. These variations reflect differences in property values and applicable exemptions. Understanding these factors is crucial for homeowners, as property taxes significantly impact annual expenses. Compared to the national median property tax rate of 0.99%, the rates in Moorefield can offer some relief, but it's essential to stay informed about local assessments and potential exemptions.
Average Moorefield Tax Bill
$591
Average Frontier County Tax Bill
$1,097
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Moorefield, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69039 | $48 | $108 | $591 | $1,109 | $1,623 |
Source: Ownwell