Saint Edward, Nebraska Property Taxes
The median property tax rate in Saint Edward, NE is 0.98%, slightly below the national median of 0.99% and significantly lower than the Nebraska state median of 1.75%. With the median home value in Saint Edward at $442,060, the typical annual property tax bill reaches $4,404, surpassing the national median of $2,690. Property taxes in Saint Edward are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Saint Edward'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 Saint Edward or another part of Platte County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Saint Edward, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$4,332
Ownwell’s Saint Edward Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Edward with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Edward 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 Saint Edward, Nebraska
Property taxes in Saint Edward, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Edward is 1.23%, higher than both the Nebraska state median of 1.61% and the U.S. national median of 0.99%. Local government entities within Saint Edward set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Edward 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 Saint Edward's effective property tax rate to other counties in Nebraska and the national median. For comparison, the highest median property tax rate in Boone County is 1.61%, while the lowest median tax rate is also 1.61%. Understanding how these cities compare with Saint Edward provides valuable insights into the varying tax landscape across Boone County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Edward Tax Rate
0.98%
Average Platte County Tax Rate
1.78%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Edward, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68660 | 0.93% | 0.97% | 0.98% | 1.00% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Saint Edward, Nebraska
In Saint Edward, 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 Assessor 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 Saint Edward, 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 Saint Edward helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 68660 has the highest and lowest median tax bill at $4,404.
Property Tax Assessment Values Across Saint Edward, Nebraska
Source: Ownwell
$55,940
$3,402,373
$6,748,805
Average Saint Edward Assessed Value
$442,060
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 Saint Edward, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68660 | $148,773 | $237,050 | $442,060 | $816,455 | $1,217,350 |
Source: Ownwell
Property Tax Bills Across Saint Edward, Nebraska
In Saint Edward, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is typically a percentage of the home's market value. Once the assessed value is established, the local tax rate, expressed as a percentage, is applied to calculate the annual tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions or deductions. Homeowners in Saint Edward can expect a wide range of tax bills. For instance, the tax bill at the 25th percentile is $2,329, while at the 75th percentile, it rises to $8,238. At the 90th percentile, it reaches $12,160. These varying amounts reflect differences in property values and local tax rates. For comparison, the national median property tax rate stands at 0.99%. High property taxes can significantly impact homeowners, influencing their financial planning and the overall cost of homeownership in the area.
Average Saint Edward Tax Bill
$4,404
Average Platte County Tax Bill
$2,760
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Edward, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68660 | $1,514 | $2,329 | $4,404 | $8,238 | $12,160 |
Source: Ownwell