Axtell, Nebraska Property Taxes
The median property tax rate in Axtell, NE is 1.71%, which is considerably higher than the national median of 0.99% but slightly below the Nebraska state median of 1.75%. With the median home value in Axtell at $174,795, the typical annual property tax bill reaches $2,772, surpassing the national median of $2,690. Property taxes in Axtell are calculated based on the tax assessed value, which often falls below the market value due to exemptions like those for primary residences and agricultural properties. Understanding Axtell'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 Axtell or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Axtell, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.71%
Estimate Property Tax Bill
$2,989
Ownwell’s Axtell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Axtell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Axtell 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 Axtell, Nebraska
Property taxes in Axtell, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Axtell is 1.71%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Axtell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Axtell 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 Axtell's effective property tax rate to other areas in Nebraska and the national median. For comparison, the zip code 68924 has both the highest and the lowest median property tax rate of 1.71%. Understanding how these areas compare with Axtell provides valuable insights into the varying tax landscape across Kearney County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Axtell Tax Rate
1.71%
Average Kearney County Tax Rate
1.71%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Axtell, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68924 | 1.19% | 1.20% | 1.71% | 1.71% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Axtell, Nebraska
In Axtell, 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 Kearney 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 Axtell, 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 Axtell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Axtell is $174,795, with tax bills ranging from $1,760 at the 25th percentile to $6,079 at the 90th percentile. The zip code 68924 has both the highest and lowest median tax bill at $2,772.
Average Axtell Assessed Value
$174,795
Average Kearney County Assessed Value
$148,680
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Axtell, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68924 | $73,015 | $116,752 | $174,795 | $270,072 | $446,198 |
Source: Ownwell
Property Tax Bills Across Axtell, Nebraska
In Axtell, property tax bills are calculated based on the assessed value of a property, which is determined by the Kearney County assessor. The assessed value is typically a percentage of the market value of the home. For instance, the median home price in Axtell is $174,795. Property tax rates are then applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including local tax rates, property size, and any applicable exemptions or deductions. For example, the tax bill for the 25th percentile is $1,760, while for the 75th percentile, it rises to $4,009. The highest median tax bill in the area is $2,772. These tax bills can significantly impact homeowners, especially when compared to the national median property tax rate of 0.99%. Understanding these factors helps residents anticipate their annual property tax obligations and plan their finances accordingly.
Average Axtell Tax Bill
$2,772
Average Kearney County Tax Bill
$2,442
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Axtell, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68924 | $912 | $1,760 | $2,772 | $4,009 | $6,079 |
Source: Ownwell