Endicott, Nebraska Property Taxes
The median property tax rate in Endicott, NE is 1.62%, which is significantly higher than the national median of 0.99% yet lower than the Nebraska state median of 1.75%. With the median home value in Endicott at $54,376, the typical annual property tax bill amounts to $835, which is below the national median of $2,690. Property taxes in Endicott are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Endicott'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 Endicott 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
Endicott, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.62%
Estimate Property Tax Bill
$881
Ownwell’s Endicott Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Endicott with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Endicott 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 Endicott, Nebraska
Property taxes in Endicott, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Endicott is 1.62%, significantly higher than the U.S. national median of 0.99%. Local government entities within Endicott set these rates annually, and they can vary significantly across different neighborhoods. Each year, Endicott 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 Endicott's effective property tax rate to other areas in Nebraska and the national median. For comparison, the zip code 68350 has the highest median property tax rate of 1.62%, while the lowest median tax rate in the same zip code is also 1.62%. Understanding how these rates compare with Endicott provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Endicott Tax Rate
1.62%
Average Jefferson County Tax Rate
1.75%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Endicott, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68350 | 1.49% | 1.51% | 1.62% | 1.62% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Endicott, Nebraska
In Endicott, 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 local 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 Endicott, 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. The median home price in Endicott is $54,376, with tax bills ranging from the 25th percentile at $276 to the 90th percentile at $3,559. The highest and lowest median tax bills are both $835, found in zip code 68350. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Endicott Assessed Value
$54,376
Average Jefferson County Assessed Value
$68,781
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Endicott, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68350 | $5,237 | $25,419 | $54,376 | $125,599 | $242,437 |
Source: Ownwell
Property Tax Bills Across Endicott, Nebraska
In Endicott, Jefferson 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 Endicott is $54,376. Homeowners in this area can expect their property tax bills to vary significantly. For example, the 25th percentile tax bill is $276, while the 75th percentile tax bill reaches $1,897, and the 90th percentile tax bill can go up to $3,559. These variations are influenced by several factors, including property size, location, and any applicable exemptions or deductions. The local tax rate is applied to the assessed value to determine the total tax bill. Compared to the national median property tax rate of 0.99%, homeowners in Endicott experience a range of tax burdens, reflecting the diverse property values and tax assessments within the community. This system ensures that property taxes are proportionate to the value of the property, impacting homeowners differently based on their specific circumstances.
Average Endicott Tax Bill
$835
Average Jefferson County Tax Bill
$1,295
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Endicott, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68350 | $79 | $276 | $835 | $1,897 | $3,559 |
Source: Ownwell