Cairo, Nebraska Property Taxes
The median property tax rate in Cairo, NE is 1.49%, which is considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With a median home value of $185,652 in Cairo, the typical annual property tax bill reaches $2,891, exceeding the national median of $2,690. Property taxes in Cairo are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cairo'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 Cairo or another part of Hall County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cairo, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.49%
Estimate Property Tax Bill
$2,766
Ownwell’s Cairo Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cairo with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Cairo to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, helping you make informed financial decisions. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value, determined by the county, is crucial for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Cairo, Nebraska
Property taxes in Cairo, Nebraska, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cairo is 1.49%, significantly higher than the U.S. national median of 0.99%. Local government entities within Cairo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cairo 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 Cairo's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68824 has the highest median property tax rate of 1.49%, while the same zip code also has the lowest median tax rate of 1.49%. Understanding how these cities compare with Cairo provides valuable insights into the varying tax landscape across Hall County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cairo Tax Rate
1.49%
Average Hall County Tax Rate
1.65%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cairo, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68824 | 1.20% | 1.40% | 1.49% | 1.72% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across Cairo, Nebraska
In Cairo, 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 Hall 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 Cairo, 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 Cairo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,891 in zip code 68824.
Average Cairo Assessed Value
$185,652
Average Hall County Assessed Value
$168,820
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cairo, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68824 | $74,633 | $120,298 | $185,652 | $284,612 | $397,432 |
Source: Ownwell
Property Tax Bills Across Cairo, Nebraska
In Cairo, located in Hall County, NE, property tax bills are determined by evaluating the assessed value of your home and applying the local tax rate. The median home price in Cairo is $185,652, and the property tax rate is reflective of the county's needs and budget. Homeowners in Cairo can expect their tax bills to vary significantly based on their property's assessed value. For instance, tax bills in the 25th percentile are around $1,870, while those in the 75th percentile reach approximately $4,269. At the higher end, the 90th percentile sees tax bills up to $6,221. These property tax bills are influenced by several factors, including the home's market value, any applicable exemptions, and the specific tax rate set by local authorities. Homeowners should be aware that these taxes fund essential public services such as schools, infrastructure, and emergency services. Understanding how these bills are calculated can help homeowners in Cairo budget accordingly and potentially seek exemptions or adjustments if eligible.
Average Cairo Tax Bill
$2,891
Average Hall County Tax Bill
$2,705
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Cairo, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68824 | $1,093 | $1,870 | $2,891 | $4,269 | $6,221 |
Source: Ownwell