Harrisburg, Nebraska Property Taxes
The median property tax rate in Harrisburg, Nebraska is 1.38%, which is higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $134,686 in Harrisburg, the typical annual property tax bill amounts to $1,840, falling short of the national median of $2,690. Property taxes in Harrisburg are calculated based on the assessed value, often less than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Harrisburg'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 Harrisburg 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
Harrisburg, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$1,859
Ownwell’s Harrisburg Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Harrisburg with just two simple inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Harrisburg to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities and plan your finances accordingly. For those interested in more granular data, scroll down to explore trends at the neighborhood level. Your property’s assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Harrisburg, Nebraska
Property taxes in Harrisburg, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harrisburg is 1.38%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Harrisburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harrisburg 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 Harrisburg's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69345 zip code has the highest median property tax rate of 1.38%, while the same zip code also has the lowest median tax rate of 1.38%. Understanding how these cities compare with Harrisburg provides valuable insights into the varying tax landscape across Banner County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harrisburg Tax Rate
1.38%
Average Banner County Tax Rate
1.37%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harrisburg, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69345 | 1.36% | 1.37% | 1.38% | 1.38% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Harrisburg, Nebraska
In Harrisburg, 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 Banner County Appraisal District 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 Harrisburg, 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. The highest median tax bill in Harrisburg is $1,840 in the 69345 zip code, which is significantly lower than the national median property tax rate of 0.99%. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Harrisburg Assessed Value
$134,686
Average Banner County Assessed Value
$144,301
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harrisburg, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69345 | $43,070 | $74,998 | $134,686 | $266,814 | $401,488 |
Source: Ownwell
Property Tax Bills Across Harrisburg, Nebraska
In Harrisburg, located in Banner County, NE, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county assessor and typically reflects a percentage of the market value of the property. For instance, with a median home price of $134,686, homeowners can expect varying tax bills depending on specific assessments and exemptions applied. The tax bill can significantly impact homeowners, with the 25th percentile paying around $998, while those in the 75th percentile might see bills as high as $3,542. At the 90th percentile, tax bills can reach up to $5,452. These amounts are higher compared to the national median property tax rate of 0.99%, indicating a relatively higher tax burden in this region. Factors such as property improvements, neighborhood developments, and changes in local tax rates can influence these assessments. Homeowners should stay informed about their property's assessed value and any available exemptions to manage their property tax liabilities effectively.
Average Harrisburg Tax Bill
$1,840
Average Banner County Tax Bill
$1,965
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Harrisburg, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69345 | $464 | $998 | $1,840 | $3,542 | $5,452 |
Source: Ownwell