Ashton, Nebraska Property Taxes
The median property tax rate in Ashton, NE is 1.53%, which is notably higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $75,500 in Ashton, the typical annual property tax bill amounts to $998, falling below the national median of $2,690. Property taxes in Ashton are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Ashton'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 Ashton or elsewhere in the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ashton, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.53%
Estimate Property Tax Bill
$1,155
Ownwell’s Ashton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ashton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ashton 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 Ashton, Nebraska
Property taxes in Ashton, Nebraska, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Ashton is 1.53%, significantly higher than the U.S. national median of 0.99%. Local government entities within Ashton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ashton 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 Ashton's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68817 zip code has the highest median property tax rate of 1.53%, while the lowest median tax rate is also 1.53% in the same zip code. Understanding how these cities compare with Ashton provides valuable insights into the varying tax landscape across Sherman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ashton Tax Rate
1.53%
Average Sherman County Tax Rate
1.30%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ashton, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68817 | 1.11% | 1.14% | 1.53% | 1.53% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Ashton, Nebraska
In Ashton, 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 Sherman 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 Ashton, 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 Ashton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $998.00, found in the 68817 zip code.
Average Ashton Assessed Value
$75,500
Average Sherman County Assessed Value
$99,345
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ashton, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68817 | $18,477 | $37,738 | $75,500 | $293,392 | $613,044 |
Source: Ownwell
Property Tax Bills Across Ashton, Nebraska
In Ashton, located in Sherman County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is typically a percentage of the market value of the property. Homeowners in Ashton can expect their property tax bills to vary significantly, with the 25th percentile tax bill around $540 and the 75th percentile reaching $3,624. For those in the 90th percentile, tax bills can be as high as $7,147. These variations highlight the impact of factors such as property size, location, and market conditions on the assessed value. Compared to the national median property tax rate of 0.99%, Ashton's rates reflect the local economic conditions and public service funding requirements. For homeowners, understanding these factors is crucial as they directly influence the annual financial obligations tied to their property. Managing and potentially appealing these assessments can lead to significant savings, making it an important aspect of homeownership in Ashton.
Average Ashton Tax Bill
$998
Average Sherman County Tax Bill
$1,395
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Ashton, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68817 | $261 | $540 | $998 | $3,624 | $7,147 |
Source: Ownwell