Garland, Nebraska Property Taxes
The median property tax rate in Garland, Nebraska is 1.31%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Garland, the typical annual property tax bill reaches $3,041, exceeding the national median of $2,690. Property taxes in Garland are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Garland'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 Garland 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
Garland, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$2,855
Ownwell’s Garland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Garland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Garland 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 Garland, Nebraska
Property taxes in Garland, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Garland is 1.31%, significantly higher than the U.S. national median of 0.99%. Local government entities within Garland set these rates annually, and they can vary across different neighborhoods. Each year, Garland 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 Garland's effective property tax rate to other areas in Nebraska and the national median. For comparison, the zip code 68360 has the same median property tax rate of 1.31%. Understanding how these areas compare with Garland provides valuable insights into the varying tax landscape across Seward County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Garland Tax Rate
1.31%
Average Seward County Tax Rate
1.59%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Garland, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68360 | 1.30% | 1.31% | 1.31% | 1.73% | 1.73% |
Source: Ownwell
Property Tax Assessment Values Across Garland, Nebraska
In Garland, 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 Seward 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 Garland, 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, zip code 68360 has the highest and lowest median tax bill at $3,041. Being aware of these valuation processes in Garland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Garland Assessed Value
$217,960
Average Seward County Assessed Value
$185,126
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Garland, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68360 | $65,983 | $120,766 | $217,960 | $363,553 | $495,073 |
Source: Ownwell
Property Tax Bills Across Garland, Nebraska
In Garland, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the property tax rate to determine the annual tax bill. For example, with a median home price of $217,960 in Seward County, homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. Factors such as property size, location, and any improvements can influence the assessed value. The median property tax rate in Garland aligns closely with the national median of 0.99%. Homeowners in the 25th percentile typically pay around $1,991, while those in the 75th percentile can see bills as high as $4,769. At the 90th percentile, tax bills can reach up to $6,482. These property taxes fund essential local services like schools, infrastructure, and emergency services, directly impacting the community's quality of life. Understanding how these taxes are calculated can help homeowners better anticipate their financial obligations.
Average Garland Tax Bill
$3,041
Average Seward County Tax Bill
$2,810
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Garland, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68360 | $612 | $1,991 | $3,041 | $4,769 | $6,482 |
Source: Ownwell