Lindsay, Nebraska Property Taxes
The median property tax rate in Lindsay, NE is 1.01%, slightly higher than the national median of 0.99% but significantly lower than Nebraska's state median of 1.75%. With a median home value of $186,162 in Lindsay, the typical annual property tax bill amounts to $1,883, which is below the national median of $2,690. Property taxes in Lindsay are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Lindsay'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 Lindsay or another part of Platte County, grasping the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Lindsay, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$1,880
Ownwell’s Lindsay Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lindsay with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lindsay 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 Lindsay, Nebraska
Property taxes in Lindsay, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lindsay is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within Lindsay set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lindsay 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 Lindsay's effective property tax rate to other areas in Nebraska and the national median. For comparison, the zip code 68644 has the highest median property tax rate of 1.01%, while the lowest median tax rate is also 1.01%. Understanding how these areas compare with Lindsay 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 Lindsay Tax Rate
1.01%
Average Platte County Tax Rate
1.78%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lindsay, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68644 | 0.68% | 0.69% | 1.01% | 1.16% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Lindsay, Nebraska
In Lindsay, 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 Lindsay, 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 Lindsay 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 68644, both valued at $1883.
Average Lindsay Assessed Value
$186,162
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 Lindsay, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68644 | $42,182 | $91,400 | $186,162 | $516,122 | $1,036,055 |
Source: Ownwell
Property Tax Bills Across Lindsay, Nebraska
In Lindsay, located in Platte County, NE, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Lindsay can expect property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $1,003, while at the 75th percentile, it's $4,055. At the 90th percentile, it climbs to $7,699. Several factors influence these tax bills, including the home's assessed value, local tax rates, and any applicable exemptions. The median home price in Lindsay is $186,162, which plays a crucial role in determining the overall tax burden. Comparatively, the highest median tax bill in the area is $1,883, which is notably lower than the national median property tax rate of 0.99%. These property taxes fund essential services such as schools, infrastructure, and public safety, directly impacting homeowners by supporting community amenities and services.
Average Lindsay Tax Bill
$1,883
Average Platte County Tax Bill
$2,760
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Lindsay, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68644 | $377 | $1,003 | $1,883 | $4,055 | $7,699 |
Source: Ownwell