Ogallala, Nebraska Property Taxes
The median property tax rate in Ogallala, NE is 1.02%, slightly above the national median of 0.99% but significantly lower than the Nebraska state median of 1.75%. With a median home value of $249,726 in Ogallala, the typical annual property tax bill is $2,520, which is just under the national median of $2,690. Property taxes in Ogallala are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Ogallala’s property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Ogallala or another part of Perkins County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ogallala, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$2,547
Ownwell’s Ogallala Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ogallala with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ogallala 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 Ogallala, Nebraska
Property taxes in Ogallala, Nebraska, are essential for funding crucial local services like public schools, road maintenance, and emergency services. The median tax rate in Ogallala is 1.41%, which is significantly higher than both the Nebraska state median of 1.61% and the U.S. national median of 0.99%. Local government entities within Ogallala set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ogallala 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 Ogallala's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69153 zip code has the highest median property tax rate of 1.41%, while the same zip code also has the lowest median tax rate of 1.41%. Understanding how these cities compare with Ogallala provides valuable insights into the varying tax landscape across Keith County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ogallala Tax Rate
1.02%
Average Perkins County Tax Rate
1.33%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ogallala, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69153 | 1.00% | 1.01% | 1.02% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Ogallala, Nebraska
In Ogallala, 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 Perkins 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 Ogallala, 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 Ogallala helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 69153 has both the highest and lowest median tax bill at $2,520.
Average Ogallala Assessed Value
$249,726
Average Perkins County Assessed Value
$109,935
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ogallala, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69153 | $83,776 | $153,551 | $249,726 | $325,508 | $410,096 |
Source: Ownwell
Property Tax Bills Across Ogallala, Nebraska
In Ogallala, property tax bills are determined based on the assessed value of a home, which is derived from its market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. For example, with a median home price of $249,726 in Ogallala, homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rate applied by Perkins County. Several factors influence these tax bills, including the property's location, size, and condition. Additionally, local government budgets and funding requirements for public services like schools and infrastructure can affect the tax rate. Homeowners in Ogallala typically see tax bills ranging from $1,577 at the 25th percentile to $4,201 at the 90th percentile, with the median tax bill around $2,520. These property taxes significantly impact homeowners by contributing to their overall housing costs and influencing their financial planning. Compared to the national median property tax rate of 0.99%, Ogallala's rates reflect the unique economic and governmental landscape of Perkins County.
Average Ogallala Tax Bill
$2,520
Average Perkins County Tax Bill
$1,412
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Ogallala, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69153 | $864 | $1,577 | $2,520 | $3,327 | $4,201 |
Source: Ownwell