Meadow Grove, Nebraska Property Taxes
The median property tax rate in Meadow Grove, NE is 1.19%, slightly higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $302,710 in Meadow Grove, the typical annual property tax bill amounts to $3,143, surpassing the national median of $2,690. Property taxes in Meadow Grove are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Meadow Grove'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 Meadow Grove 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
Meadow Grove, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$3,602
Ownwell’s Meadow Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Meadow Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Meadow Grove 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 Meadow Grove, Nebraska
Property taxes in Meadow Grove, Nebraska, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Meadow Grove is 1.19%, higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Meadow Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Meadow Grove 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 Meadow Grove's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68752 zip code has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Meadow Grove provides valuable insights into the varying tax landscape across Pierce County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Meadow Grove Tax Rate
1.19%
Average Pierce County Tax Rate
1.46%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Meadow Grove, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68752 | 1.17% | 1.19% | 1.19% | 1.21% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Meadow Grove, Nebraska
In Meadow Grove, 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 Pierce 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 Meadow Grove, 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 Meadow Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 68752, with a median tax bill of $3,143.
Average Meadow Grove Assessed Value
$302,710
Average Pierce County Assessed Value
$145,155
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Meadow Grove, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68752 | $76,848 | $159,600 | $302,710 | $394,445 | $895,786 |
Source: Ownwell
Property Tax Bills Across Meadow Grove, Nebraska
In Meadow Grove, NE, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is a percentage of the market value of the property. Once the assessed value is established, the local tax rate is applied to determine the annual property tax bill. Homeowners in Meadow Grove can expect varying tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is around $1,917, while the 75th percentile tax bill reaches up to $4,764. At the 90th percentile, homeowners might face tax bills as high as $10,553. These property taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Comparing this to the national median property tax rate of 0.99%, Meadow Grove's tax bills can vary widely, reflecting the diverse property values within the community. Understanding these factors helps homeowners better anticipate their annual expenses and plan their finances accordingly.
Average Meadow Grove Tax Bill
$3,143
Average Pierce County Tax Bill
$2,274
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Meadow Grove, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68752 | $926 | $1,917 | $3,143 | $4,764 | $10,553 |
Source: Ownwell