Huntley, Nebraska Property Taxes
The median property tax rate in Huntley, Nebraska is 1.30%, which is 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 $26,820 in Huntley, the typical annual property tax bill amounts to $357, falling short of the national median of $2,690. Property taxes in Huntley are determined based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. By gaining a thorough understanding of Huntley's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're residing in Huntley or investing in property within the city, understanding the local property tax structure is beneficial.
Last Updated June 14, 2024
Huntley, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$349
Ownwell’s Huntley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Huntley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Huntley 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 Huntley, Nebraska
Property taxes in Huntley, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Huntley is 1.30%, higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Huntley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Huntley 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 Huntley's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68971 zip code has the highest median property tax rate of 1.30%, while the 68971 zip code has the lowest median tax rate of 1.30%. Understanding how these cities compare with Huntley provides valuable insights into the varying tax landscape across Harlan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Huntley Tax Rate
1.30%
Average Harlan County Tax Rate
1.53%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Huntley, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68971 | 1.28% | 1.28% | 1.30% | 1.47% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Huntley, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Huntley, Nebraska. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the Harlan 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 Huntley, 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 median home price in Huntley is $26,820, with tax bills ranging from $229 at the 25th percentile to $685 at the 90th percentile. The zip code 68971 has the highest and lowest median tax bill of $357. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Huntley Assessed Value
$26,820
Average Harlan County Assessed Value
$72,830
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Huntley, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68971 | $7,350 | $17,180 | $26,820 | $38,445 | $53,635 |
Source: Ownwell
Property Tax Bills Across Huntley, Nebraska
In Huntley, 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. Factors such as the property's location, size, and condition are considered during the assessment process. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. For Huntley homeowners, the median home price is $26,820, with property tax bills varying significantly. At the 25th percentile, tax bills are around $229, while at the 75th percentile, they reach approximately $497. The 90th percentile sees tax bills as high as $685. Comparatively, the national median property tax rate is 0.99%, indicating that Huntley's property taxes are relatively moderate. These taxes fund essential local services, including schools, infrastructure, and public safety, directly impacting homeowners by contributing to community development and quality of life.
Average Huntley Tax Bill
$357
Average Harlan County Tax Bill
$1,149
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Huntley, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68971 | $108 | $229 | $357 | $497 | $685 |
Source: Ownwell