Hebron, Nebraska Property Taxes
The median property tax rate in Hebron, NE is 1.32%, notably higher than the national median of 0.99% but lower than Nebraska’s state median of 1.54%. With the median home value in Hebron, the typical annual property tax bill amounts to $1,822, which is significantly below the national median of $2,690. Property taxes in Hebron are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a clear understanding of Hebron'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 Hebron or another part of the city, comprehending the local property tax structure will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hebron, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$7,343
Ownwell's Hebron Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hebron with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hebron 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 Hebron, Nebraska
Property taxes in Hebron, Nebraska, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Hebron is 1.29%, which is significantly higher than both the Nebraska state median of 1.61% and the U.S. national median of 0.99%. Local government entities within Hebron set these rates annually, and they can vary considerably across different neighborhoods. Each year, Hebron 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 Hebron's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68370 zip code has the highest median property tax rate of 1.29%, while the same zip code also has the lowest median tax rate of 1.29%. Understanding how these cities compare with Hebron provides valuable insights into the varying tax landscape across Thayer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hebron Tax Rate
1.42%
Average Jefferson County Tax Rate
1.75%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hebron, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68370 | 1.41% | 1.41% | 1.42% | 1.45% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Hebron, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hebron, Nebraska. 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 Hebron, 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 Hebron helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Jefferson County, the zip code 68370 has the highest median tax bill of $7,274, which is significantly higher than the national median property tax rate of 0.99%. This highlights the importance of understanding property tax assessments to potentially reduce your tax liability.
Average Hebron Assessed Value
$517,089
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 Hebron, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68370 | $490,444 | $500,436 | $517,089 | $600,118 | $649,935 |
Source: Ownwell
Property Tax Bills Across Hebron, Nebraska
In Hebron, Jefferson County, NE, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the market value, reflecting the estimated selling price of the property. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the property's location, size, and condition, as well as recent sales of comparable properties in the area. For homeowners in Hebron, the property tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $7,219, while at the 75th percentile, it rises to $8,472, and at the 90th percentile, it reaches $9,191. These taxes fund essential public services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Hebron homeowners face a relatively higher tax burden, impacting their overall cost of living and financial planning.
Average Hebron Tax Bill
$7,274
Average Jefferson County Tax Bill
$1,295
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Hebron, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68370 | $7,186 | $7,219 | $7,274 | $8,472 | $9,191 |
Source: Ownwell