Bradshaw, Nebraska Property Taxes
The median property tax rate in Bradshaw, NE is 1.63%, which is notably higher than the national median of 0.99% but slightly below the Nebraska state median of 1.75%. With a median home value of $83,766 in Bradshaw, the typical annual property tax bill amounts to $1,099, which is lower than the national median of $2,690. Property taxes in Bradshaw are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Bradshaw'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 Bradshaw or another part of York County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bradshaw, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.63%
Estimate Property Tax Bill
$1,365
Ownwell’s Bradshaw Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bradshaw with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bradshaw 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 Bradshaw, Nebraska
Property taxes in Bradshaw, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bradshaw is 1.63%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Bradshaw set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bradshaw 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 Bradshaw's effective property tax rate to other regions and the national median. For comparison, the zip code 68319 has the highest median property tax rate of 1.63%, while the same zip code also has the lowest median tax rate of 1.63%. Understanding how these areas compare with Bradshaw provides valuable insights into the varying tax landscape across York County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bradshaw Tax Rate
1.63%
Average York County Tax Rate
1.78%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bradshaw, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68319 | 0.93% | 0.96% | 1.63% | 1.63% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Bradshaw, Nebraska
In Bradshaw, 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 York 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 Bradshaw, 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 Bradshaw helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 68319, with a tax bill of $1,099, while the lowest median tax bill is also in zip code 68319, with the same value.
Average Bradshaw Assessed Value
$83,766
Average York County Assessed Value
$120,076
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bradshaw, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68319 | $15,814 | $38,850 | $83,766 | $165,120 | $260,439 |
Source: Ownwell
Property Tax Bills Across Bradshaw, Nebraska
In Bradshaw, York County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Bradshaw is $83,766. Homeowners can expect their tax bills to vary significantly, with the 25th percentile at $604 and the 75th percentile reaching $1,969. At the higher end, the 90th percentile tax bill is $2,857. These figures illustrate the range of property taxes that residents might encounter. Several factors influence the final tax bill, including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. For instance, a home assessed at the median price with no exemptions would result in a tax bill close to the 75th percentile. Understanding these factors is crucial for homeowners as property taxes can significantly impact annual expenses. Compared to the national median property tax rate of 0.99%, Bradshaw's tax rates reflect local economic conditions and funding needs for public services.
Average Bradshaw Tax Bill
$1,099
Average York County Tax Bill
$1,911
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Bradshaw, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68319 | $257 | $604 | $1,099 | $1,969 | $2,857 |
Source: Ownwell