Minatare, Nebraska Property Taxes
The median property tax rate in Minatare, NE is 1.88%, significantly higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Minatare at $80,912, the typical annual property tax bill reaches $1,548, which is below the national median of $2,690. Property taxes in Minatare are calculated based on the assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Minatare'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 Minatare or another part of Scotts Bluff County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Minatare, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.88%
Estimate Property Tax Bill
$1,521
Ownwell’s Minatare Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Minatare with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Minatare 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 Minatare, Nebraska
Property taxes in Minatare, Nebraska, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Minatare is 1.88%, significantly higher than the U.S. national median of 0.99%. Local government entities within Minatare set these rates annually, and they can vary significantly across different neighborhoods. Each year, Minatare 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 Minatare's effective property tax rate to other areas and the national median. For comparison, the zip code 69356 has the highest median property tax rate of 1.88%, which is also the lowest rate in the area. Understanding how these figures compare with Minatare provides valuable insights into the varying tax landscape across Scotts Bluff County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Minatare Tax Rate
1.88%
Average Scotts Bluff County Tax Rate
2.03%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Minatare, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69356 | 1.68% | 1.87% | 1.88% | 2.00% | 2.00% |
Source: Ownwell
Property Tax Assessment Values Across Minatare, Nebraska
In Minatare, 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 Scotts Bluff 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 Minatare, 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. For instance, the median home price in Minatare is $80,912, with tax bills ranging from $470 at the 25th percentile to $5,728 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Minatare Assessed Value
$80,912
Average Scotts Bluff County Assessed Value
$107,015
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Minatare, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69356 | $14,180 | $25,774 | $80,912 | $178,074 | $302,469 |
Source: Ownwell
Property Tax Bills Across Minatare, Nebraska
In Minatare, located in Scotts Bluff County, NE, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and is meant to reflect the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Minatare, the median home price is $80,912. Property tax bills can vary significantly, with the 25th percentile bill at $470 and the 75th percentile bill reaching $3,350. At the higher end, the 90th percentile tax bill can be as much as $5,728. These property taxes fund essential local services such as schools, public safety, and infrastructure. For comparison, the national median property tax rate is 0.99%, making it crucial for homeowners to understand how their local rates and assessed values impact their financial responsibilities. Homeowners in Minatare should be aware of these factors to better manage their property tax obligations.
Average Minatare Tax Bill
$1,548
Average Scotts Bluff County Tax Bill
$2,080
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Minatare, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69356 | $250 | $470 | $1,548 | $3,350 | $5,728 |
Source: Ownwell