Niobrara, Nebraska Property Taxes
The median property tax rate in Niobrara, NE is 1.13%, slightly higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in Niobrara at $78,790, the typical annual property tax bill reaches $1,065, which is below the national median of $2,690. Property taxes in Niobrara are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Niobrara'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 Niobrara or another part of Knox County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Niobrara, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$890
Ownwell’s Niobrara Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Niobrara with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Niobrara 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 Niobrara, Nebraska
Property taxes in Niobrara, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Niobrara is 1.13%, which is higher than the U.S. national median of 0.99%. Local government entities within Niobrara set these rates annually, and they can vary significantly across different neighborhoods. Each year, Niobrara 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 Niobrara's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68760 zip code has the highest median property tax rate of 1.13%, while the same zip code also has the lowest median tax rate of 1.13%. Understanding how these cities compare with Niobrara provides valuable insights into the varying tax landscape across Knox County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Niobrara Tax Rate
1.13%
Average Knox County Tax Rate
1.28%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Niobrara, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68760 | 0.94% | 1.13% | 1.13% | 1.72% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Niobrara, Nebraska
In Niobrara, 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 Knox 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 Niobrara, 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 Niobrara helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $78,790, with annual tax bills ranging from $509 at the 25th percentile to $3,132 at the 90th percentile. The highest and lowest median tax bills, both at $1,065, are found in the 68760 zip code.
Average Niobrara Assessed Value
$78,790
Average Knox County Assessed Value
$96,140
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Niobrara, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68760 | $13,375 | $46,692 | $78,790 | $150,658 | $273,810 |
Source: Ownwell
Property Tax Bills Across Niobrara, Nebraska
In Niobrara, located in Knox County, NE, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is a percentage of the property's market value. Various factors such as property size, location, and improvements are considered in this assessment. Homeowners in Niobrara can expect property tax bills that range significantly. For instance, the 25th percentile tax bill is $509, while the 75th percentile tax bill is $1794, and the 90th percentile tax bill reaches up to $3132. The median home price in Niobrara is $78,790, which influences the overall tax amount. Compared to the national median property tax rate of 0.99%, homeowners in Niobrara experience a varied tax rate that can significantly impact their annual expenses. These property taxes contribute to local services such as schools, infrastructure, and emergency services, making them an essential part of community funding.
Average Niobrara Tax Bill
$1,065
Average Knox County Tax Bill
$1,362
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Niobrara, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68760 | $124 | $509 | $1,065 | $1,794 | $3,132 |
Source: Ownwell