Plainview, Nebraska Property Taxes
The median property tax rate in Plainview, Nebraska is 1.13%, which is higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in Plainview at $482,858, the typical annual property tax bill reaches $5,053, surpassing the national median of $2,690. Property taxes in Plainview are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Plainview'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 Plainview 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
Plainview, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$5,456
Ownwell’s Plainview Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Plainview with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Plainview 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 Plainview, Nebraska
Property taxes in Plainview, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Plainview is 1.13%, higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Plainview set these rates annually, and they can vary significantly across different neighborhoods. Each year, Plainview 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 Plainview's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68769 zip code has the highest median property tax rate of 1.13%, while the 68769 zip code also has the lowest median tax rate of 1.13%. Understanding how these cities compare with Plainview 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 Plainview 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 Plainview, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68769 | 1.01% | 1.04% | 1.13% | 1.17% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Plainview, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Plainview, 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 local 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 Plainview, 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. For instance, the median home price in Plainview is $482,858, with tax bills ranging significantly. The 25th percentile tax bill is $910, while the 75th percentile reaches $9,137, and the 90th percentile goes up to $9,906. Interestingly, the highest and lowest median tax bills are both $5,053 in the zip code 68769. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Plainview Assessed Value
$482,858
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 Plainview, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68769 | $27,315 | $76,626 | $482,858 | $859,760 | $928,768 |
Source: Ownwell
Property Tax Bills Across Plainview, Nebraska
In Plainview, located in Knox County, NE, property tax bills are calculated based on the assessed value of a home. The tax rate is applied to this assessed value to determine the annual tax bill. The median home price in Plainview is $482,858, which serves as a significant factor in determining property taxes. Homeowners in Plainview can expect their tax bills to vary widely, with the 25th percentile tax bill at $910 and the 75th percentile tax bill reaching $9,137. For those at the 90th percentile, the tax bill can go up to $9,906. These figures indicate a broad range of property taxes, reflecting differences in home values and the specific tax rates applied. Compared to the national median property tax rate of 0.99%, the tax rates in Plainview can result in significantly different tax bills, impacting homeowners' financial planning and budgeting. Homeowners should be aware of these factors and how they influence their annual property tax obligations.
Average Plainview Tax Bill
$5,053
Average Knox County Tax Bill
$1,362
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Plainview, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68769 | $342 | $910 | $5,053 | $9,137 | $9,906 |
Source: Ownwell