Blue Hill, Nebraska Property Taxes
The median property tax rate in Blue Hill, NE is 2.11%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Blue Hill at $105,918, the typical annual property tax bill reaches $2,015, exceeding the national median of $2,690. Property taxes in Blue Hill are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Blue Hill'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 Blue Hill 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
Blue Hill, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.11%
Estimate Property Tax Bill
$2,235
Ownwell’s Blue Hill Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Blue Hill effortlessly. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Blue Hill to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, ensuring you are well-prepared for any financial obligations. Additionally, if you’re curious about trends at a neighborhood level, you can explore more localized information further down. Your property's assessed value, determined by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Blue Hill, Nebraska
Property taxes in Blue Hill, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blue Hill is 2.11%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Blue Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blue Hill 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 Blue Hill's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68930 zip code has the highest median property tax rate of 2.11%, while the same zip code also has the lowest median tax rate of 2.11%. Understanding how these cities compare with Blue Hill provides valuable insights into the varying tax landscape across Webster County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blue Hill Tax Rate
2.11%
Average Webster County Tax Rate
1.75%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blue Hill, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68930 | 1.43% | 1.45% | 2.11% | 2.11% | 2.11% |
Source: Ownwell
Property Tax Assessment Values Across Blue Hill, Nebraska
In Blue Hill, 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 Webster 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 Blue Hill, 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. For example, the median home price in Blue Hill is $105,918, with tax bills ranging from $943 at the 25th percentile to $6,160 at the 90th percentile. The highest median tax bill is $2,015 in the 68930 zip code. 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 Blue Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Blue Hill Assessed Value
$105,918
Average Webster County Assessed Value
$71,225
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blue Hill, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68930 | $21,128 | $52,500 | $105,918 | $195,521 | $394,798 |
Source: Ownwell
Property Tax Bills Across Blue Hill, Nebraska
In Blue Hill, Webster 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 local assessors who evaluate the property's market value, considering factors such as location, size, and property condition. The tax rate is applied to this assessed value to determine the annual tax bill. For homeowners in Blue Hill, the median home price is $105,918. Property tax bills can vary significantly, with the 25th percentile paying around $943 and the 75th percentile paying up to $3,649 annually. At the 90th percentile, tax bills can reach as high as $6,160. These figures highlight the range of property tax burdens within the community. Comparatively, the national median property tax rate is 0.99%, and Blue Hill's property taxes reflect a similar range, emphasizing the importance of accurate assessments and local tax rates in determining a homeowner's financial obligations.
Average Blue Hill Tax Bill
$2,015
Average Webster County Tax Bill
$1,254
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Blue Hill, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68930 | $406 | $943 | $2,015 | $3,649 | $6,160 |
Source: Ownwell