Abie, Nebraska Property Taxes
The median property tax rate in Abie, NE is 1.31%, which is considerably higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $42,318 in Abie, the typical annual property tax bill reaches $481, falling well below the national median of $2,690. Property taxes in Abie 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 Abie'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 Abie or another part of Butler County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Abie, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$554
Ownwell’s Abie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Abie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Abie 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 Abie, Nebraska
Property taxes in Abie, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Abie is 1.31%, significantly higher than the U.S. national median of 0.99%. Local government entities within Abie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Abie 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 Abie's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68001 has the highest median property tax rate of 1.31%, while the same zip code also has the lowest median tax rate of 1.31%. Understanding how these cities compare with Abie provides valuable insights into the varying tax landscape across Butler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Abie Tax Rate
1.31%
Average Butler County Tax Rate
1.49%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Abie, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68001 | 1.31% | 1.31% | 1.31% | 1.31% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Abie, Nebraska
In Abie, 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 Butler 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 Abie, 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 zip code with the highest and lowest median tax bill in the area is 68001, with a median tax bill of $481. Being aware of these valuation processes in Abie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Abie Assessed Value
$42,318
Average Butler County Assessed Value
$140,672
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Abie, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68001 | $2,031 | $6,998 | $42,318 | $103,815 | $173,756 |
Source: Ownwell
Property Tax Bills Across Abie, Nebraska
In Abie, located in Butler County, NE, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Abie is $42,318. The property tax rate, which is applied to the assessed value, determines the final tax bill. Homeowners in Abie can expect a wide range of tax bills depending on their property's assessed value. For example, tax bills at the 25th percentile are around $90, while those at the 75th percentile reach approximately $1,402. At the 90th percentile, tax bills can be as high as $2,219. This variation highlights how property values and local tax rates impact the financial responsibilities of homeowners. Compared to the national median property tax rate of 0.99%, homeowners in Abie experience varying degrees of tax burdens. Understanding these factors helps homeowners plan better for their annual expenses and manage their financial obligations effectively.
Average Abie Tax Bill
$481
Average Butler County Tax Bill
$1,858
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Abie, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68001 | $24 | $90 | $481 | $1,402 | $2,219 |
Source: Ownwell