Ellsworth, Nebraska Property Taxes
The median property tax rate in Ellsworth, NE is 0.89%, which is lower than both the national median of 0.99% and Nebraska's state median of 1.75%. With a median home value of $226,884, the typical annual property tax bill in Ellsworth amounts to $2,351, slightly below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Ellsworth'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 Ellsworth 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
Ellsworth, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$2,019
Ownwell’s Ellsworth Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ellsworth with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ellsworth 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 Ellsworth, Nebraska
Property taxes in Ellsworth, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ellsworth is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Ellsworth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ellsworth 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 Ellsworth's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 69340 has both the highest and lowest median property tax rate of 0.89%. Understanding how these cities compare with Ellsworth provides valuable insights into the varying tax landscape across Sheridan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ellsworth Tax Rate
0.89%
Average Sheridan County Tax Rate
1.78%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ellsworth, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69340 | 0.88% | 0.88% | 0.89% | 1.32% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Ellsworth, Nebraska
In Ellsworth, 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 Sheridan 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 Ellsworth, 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 Ellsworth helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Ellsworth is $226,884, with tax bills ranging from $812 at the 25th percentile to $5,025 at the 90th percentile. The highest and lowest median tax bills are both $2,351 in zip code 69340.
Average Ellsworth Assessed Value
$226,884
Average Sheridan County Assessed Value
$70,524
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ellsworth, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69340 | $44,384 | $89,205 | $226,884 | $327,557 | $450,465 |
Source: Ownwell
Property Tax Bills Across Ellsworth, Nebraska
In Ellsworth, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in Sheridan County can expect their tax bills to vary significantly depending on the assessed value of their properties. For example, the 25th percentile tax bill is around $812, while the 75th percentile tax bill jumps to $3,482. This wide range reflects the differing values of homes within the area. The median home price in Ellsworth stands at $226,884. When compared to the national median property tax rate of 0.99%, homeowners in Ellsworth might experience varying impacts on their finances. The highest median tax bill in the area is $2,351, which is also the lowest, indicating a uniform rate within the specific zip code 69340. These property taxes fund essential local services such as schools, infrastructure, and emergency services, directly affecting the community's quality of life.
Average Ellsworth Tax Bill
$2,351
Average Sheridan County Tax Bill
$1,197
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Ellsworth, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69340 | $396 | $812 | $2,351 | $3,482 | $5,025 |
Source: Ownwell