Leigh, Nebraska Property Taxes
The median property tax rate in Leigh, NE is 1.28%, which is notably higher than the national median of 0.99% but lower than Nebraska's state median of 1.75%. With the median home value in Leigh at $419,112, the typical annual property tax bill amounts to $5,217, significantly exceeding the national median of $2,690. Property taxes in Leigh are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Leigh'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 Leigh 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
Leigh, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$5,365
Ownwell’s Leigh Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Leigh with just two simple inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Leigh to project your property tax bill. This user-friendly tool provides you with a clear understanding of your potential tax obligations. For those interested in more granular insights, additional localized information is available further down the page. Your property’s assessed value is determined by the county and is used for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Leigh, Nebraska
Property taxes in Leigh, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Leigh is 1.28%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Leigh set these rates annually, and they can vary significantly across different neighborhoods. Each year, Leigh 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 Leigh's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68643 has both the highest and lowest median property tax rate of 1.28%, highlighting the consistency within the area. Understanding how these rates compare with Leigh provides valuable insights into the varying tax landscape across Platte County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Leigh Tax Rate
1.28%
Average Platte County Tax Rate
1.78%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leigh, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68643 | 1.26% | 1.28% | 1.28% | 1.29% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Leigh, Nebraska
In Leigh, 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 Platte 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 Leigh, 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 Leigh helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Leigh is $5,217, found in zip code 68643.
Average Leigh Assessed Value
$419,112
Average Platte County Assessed Value
$171,615
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Leigh, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68643 | $153,588 | $220,421 | $419,112 | $624,528 | $1,064,552 |
Source: Ownwell
Property Tax Bills Across Leigh, Nebraska
In Leigh, property tax bills are calculated based on the assessed value of your home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine your annual property tax bill. Factors such as property size, location, and market conditions are considered when assessing property values. For example, a median home price in Leigh is $419,112, which results in a varied range of tax bills. Homeowners in Leigh can expect their tax bills to fall between $2,788 at the 25th percentile and $8,007 at the 75th percentile, with some reaching up to $12,965 at the 90th percentile. The highest median tax bill recorded is $5,217. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life in the community. Compared to the national median property tax rate of 0.99%, Leigh's rates reflect the specific needs and valuations within Platte County.
Average Leigh Tax Bill
$5,217
Average Platte County Tax Bill
$2,760
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Leigh, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68643 | $1,672 | $2,788 | $5,217 | $8,007 | $12,965 |
Source: Ownwell