Neligh, Nebraska Property Taxes
The median property tax rate in Neligh, NE is 1.96%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With a median home value of $102,050 in Neligh, the typical annual property tax bill reaches $1,893, which is below the national median of $2,690. Property taxes in Neligh 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 Neligh'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 Neligh or another part of Antelope County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Neligh, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.96%
Estimate Property Tax Bill
$2,000
Ownwell’s Neligh Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Neligh with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Neligh 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 Neligh, Nebraska
Property taxes in Neligh, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Neligh is 1.96%, significantly higher than the U.S. national median of 0.99%. Local government entities within Neligh set these rates annually, and they can vary significantly across different neighborhoods. Each year, Neligh 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 Neligh's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68756 has the highest median property tax rate of 1.96%, while the same zip code also has the lowest median tax rate of 1.96%. Understanding how these areas compare with Neligh provides valuable insights into the varying tax landscape across Antelope County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Neligh Tax Rate
1.96%
Average Antelope County Tax Rate
1.29%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Neligh, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68756 | 1.29% | 1.31% | 1.96% | 1.96% | 1.96% |
Source: Ownwell
Property Tax Assessment Values Across Neligh, Nebraska
In Neligh, 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 Antelope County Assessor's Office 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 Neligh, 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 Neligh helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 68756 has both the highest and lowest median tax bills at $1893.
Average Neligh Assessed Value
$102,050
Average Antelope County Assessed Value
$117,295
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Neligh, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68756 | $24,602 | $49,415 | $102,050 | $185,475 | $352,255 |
Source: Ownwell
Property Tax Bills Across Neligh, Nebraska
In Neligh, property tax bills are calculated based on the assessed value of a home, which is determined by the Antelope County Assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $102,050, homeowners can expect their property taxes to vary significantly. The 25th percentile tax bill is around $880, while those in the 75th percentile may see bills as high as $3,385. At the 90th percentile, the tax bill can reach up to $5,747. Several factors influence these amounts, including the property's market value, local tax rates, and any applicable exemptions. The highest median tax bill in the area stands at $1,893, which is relatively moderate compared to the national median property tax rate of 0.99%. Understanding these factors is crucial for homeowners as property taxes can significantly impact their annual expenses and overall financial planning.
Average Neligh Tax Bill
$1,893
Average Antelope County Tax Bill
$1,685
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Neligh, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68756 | $419 | $880 | $1,893 | $3,385 | $5,747 |
Source: Ownwell