Hordville, Nebraska Property Taxes
The median property tax rate in Hordville, NE is 0.87%, which is notably lower than both the national median of 0.99% and the Nebraska state median of 1.75%. With a median home value of $115,375 in Hordville, the typical annual property tax bill amounts to $1,338, significantly below the national median of $2,690. Property taxes in Hordville are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Hordville'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 Hordville or another part of Hamilton County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hordville, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$1,004
Ownwell’s Hordville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hordville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hordville 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 Hordville, Nebraska
Property taxes in Hordville, Nebraska, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Hordville is 1.25%, significantly higher than both the Nebraska state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Hordville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hordville 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 Hordville's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68846 zip code has the highest median property tax rate of 1.25%, while the same zip code also has the lowest median tax rate of 1.25%. Understanding how these cities compare with Hordville provides valuable insights into the varying tax landscape across Hamilton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hordville Tax Rate
0.87%
Average Hamilton County Tax Rate
1.50%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hordville, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68846 | 0.86% | 0.87% | 0.87% | 1.18% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Hordville, Nebraska
In Hordville, 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 Hamilton 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 Hordville, 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 Hordville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, Hordville's highest median tax bill is $1,338 in the 68846 zip code, while the lowest is also $1,338 in the same zip code.
Average Hordville Assessed Value
$115,375
Average Hamilton County Assessed Value
$155,855
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hordville, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68846 | $25,798 | $55,752 | $115,375 | $268,594 | $646,220 |
Source: Ownwell
Property Tax Bills Across Hordville, Nebraska
In Hordville, located in Hamilton County, NE, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Hordville is $115,375, and the property tax rate significantly influences the final tax bill homeowners receive. The tax rate is applied to the assessed value of the property, which is determined by the county assessor’s office. Various factors, such as property size, location, and market conditions, contribute to the assessed value. For homeowners in Hordville, property tax bills can vary widely. The 25th percentile tax bill is $711, while the 75th percentile reaches $2,542, and the 90th percentile can climb to $5,654. These figures highlight the range of tax obligations based on property values and other influencing factors. Compared to the national median property tax rate of 0.99%, Hordville’s property tax rates can significantly impact homeowners, affecting their annual financial planning and overall housing affordability.
Average Hordville Tax Bill
$1,338
Average Hamilton County Tax Bill
$2,134
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Hordville, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68846 | $282 | $711 | $1,338 | $2,542 | $5,654 |
Source: Ownwell