Carroll, Nebraska Property Taxes
The median property tax rate in Carroll, NE is 0.81%, notably lower than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Carroll at $263,065, the typical annual property tax bill amounts to $2,129, which is below the national median of $2,690. Property taxes in Carroll are determined based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Carroll'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 Carroll or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Carroll, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$2,131
Ownwell’s CARROLL Property Tax Bill Calculator is a valuable resource for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in CARROLL. By entering your property's estimated assessed value, the calculator uses the median tax rate in CARROLL to provide an estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, helping you make informed financial decisions. For those interested in more detailed insights, additional localized information is available by scrolling down. Your property’s assessed value is determined by the county and is used for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Carroll, Nebraska
Property taxes in Carroll, Nebraska, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Carroll is 0.81%, which is lower than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Carroll set these rates annually, and they can vary across different neighborhoods. Each year, Carroll estimates its required budget to maintain services for the upcoming fiscal year. This budget is then divided 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 Carroll's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68723 has the highest median property tax rate of 0.81%, while the same zip code also has the lowest median tax rate of 0.81%. Understanding how these cities compare with Carroll provides valuable insights into the varying tax landscape across Cedar County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carroll Tax Rate
0.81%
Average Cedar County Tax Rate
1.45%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carroll, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68723 | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Carroll, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Carroll, Nebraska. 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 Cedar 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 Carroll, 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. For instance, Carroll's median home price is $263,065, with tax bills ranging from $2,063 at the 25th percentile to $2,235 at the 90th percentile. The highest and lowest median tax bills are both $2,129 in zip code 68723. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Carroll Assessed Value
$263,065
Average Cedar County Assessed Value
$117,330
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carroll, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68723 | $250,105 | $254,965 | $263,065 | $271,165 | $276,025 |
Source: Ownwell
Property Tax Bills Across Carroll, Nebraska
In Carroll, Cedar County, NE, property tax bills are calculated based on the assessed value of your home, which is determined by the local tax assessor. The median home price in Carroll is $263,065. Once the home’s value is assessed, the local tax rate is applied to calculate the tax bill. The median property tax rate in the U.S. is 0.99%, but rates can vary by locality. In Carroll, homeowners typically see tax bills ranging from $2,063 at the 25th percentile to $2,195 at the 75th percentile, with the 90th percentile reaching $2,235. The highest and lowest median tax bills in the area both stand at $2,129, indicating a relatively narrow range. These tax bills directly impact homeowners by contributing to the funding of local services such as schools, infrastructure, and emergency services. Understanding how these factors interplay helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Carroll Tax Bill
$2,129
Average Cedar County Tax Bill
$1,639
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Carroll, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68723 | $2,024 | $2,063 | $2,129 | $2,195 | $2,235 |
Source: Ownwell