Belgrade, Nebraska Property Taxes
The median property tax rate in Belgrade, NE is 1.35%, which is higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $42,050 in Belgrade, the typical annual property tax bill amounts to $508, significantly below the national median of $2,690. Property taxes in Belgrade are determined based on the tax assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Belgrade'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 Belgrade or another part of Nance County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Belgrade, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$568
Ownwell’s Belgrade Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Belgrade with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belgrade 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 Belgrade, Nebraska
Property taxes in Belgrade, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Belgrade is 1.35%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Belgrade set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belgrade 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 Belgrade's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68623 zip code has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Belgrade provides valuable insights into the varying tax landscape across Nance County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belgrade Tax Rate
1.35%
Average Nance County Tax Rate
1.73%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belgrade, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68623 | 0.95% | 1.27% | 1.35% | 1.35% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Belgrade, Nebraska
In Belgrade, 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 Nance 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 Belgrade, 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 Belgrade helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 68623, with a median tax bill of $508.
Average Belgrade Assessed Value
$42,050
Average Nance County Assessed Value
$104,025
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belgrade, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68623 | $4,395 | $14,145 | $42,050 | $154,760 | $505,052 |
Source: Ownwell
Property Tax Bills Across Belgrade, Nebraska
In Belgrade, located in Nance 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 and is meant to reflect the market value of the property. Factors such as the home’s size, age, location, and any improvements can influence this assessed value. For homeowners in Belgrade, the median home price is $42,050. Property tax rates in the region are applied to this assessed value to determine the tax bill. For instance, the 25th percentile tax bill is $182, while the 75th percentile reaches $2,635. At the higher end, the 90th percentile tax bill can be as much as $6,501. These property tax bills can significantly impact homeowners, particularly when compared to the national median property tax rate of 0.99%. Understanding how these factors interplay helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Belgrade Tax Bill
$508
Average Nance County Tax Bill
$1,688
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Belgrade, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68623 | $59 | $182 | $508 | $2,635 | $6,501 |
Source: Ownwell