Roca, Nebraska Property Taxes
The median property tax rate in ROCA, NE is 1.27%, which is higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in ROCA at $454,950, the typical annual property tax bill reaches $5,828, significantly exceeding the national median of $2,690. Property taxes in ROCA are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding ROCA'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 ROCA or another part of Lancaster County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Roca, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$5,778
Ownwell’s ROCA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ROCA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ROCA 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 Roca, Nebraska
Property taxes in ROCA, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in ROCA is 1.27%, significantly higher than the U.S. national median of 0.99%. Local government entities within ROCA set these rates annually, and they can vary significantly across different neighborhoods. Each year, ROCA 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 ROCA's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68430 zip code has both the highest and lowest median property tax rate of 1.27%. Understanding how these cities compare with ROCA provides valuable insights into the varying tax landscape across Lancaster County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roca Tax Rate
1.27%
Average Lancaster County Tax Rate
1.51%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roca, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68430 | 1.01% | 1.15% | 1.27% | 1.56% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Roca, Nebraska
In ROCA, 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 Lancaster 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 ROCA, 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. In ROCA, the median home price stands at $454,950. The highest median tax bill is $5,828 in the 68430 zip code, and the lowest median tax bill is also $5,828 in the 68430 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Roca Assessed Value
$454,950
Average Lancaster County Assessed Value
$238,100
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Roca, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68430 | $114,020 | $290,125 | $454,950 | $656,475 | $815,560 |
Source: Ownwell
Property Tax Bills Across Roca, Nebraska
In ROCA, located in Lancaster County, NE, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value and applies a percentage to establish its taxable value. 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, age, and condition. For homeowners in ROCA, the median home price stands at $454,950. Property tax bills can vary significantly; for instance, the 25th percentile tax bill is $3,434, while the 75th percentile reaches $8,292, and the 90th percentile goes up to $10,100. These taxes fund essential community services like schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, homeowners in ROCA experience a range of tax burdens, affecting their overall cost of homeownership and financial planning.
Average Roca Tax Bill
$5,828
Average Lancaster County Tax Bill
$3,561
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Roca, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68430 | $1,150 | $3,434 | $5,828 | $8,292 | $10,100 |
Source: Ownwell