Aurora, Nebraska Property Taxes
The median property tax rate in Aurora, NE is 1.30%, 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 $174,175 in Aurora, the typical annual property tax bill amounts to $1,862, which is below the national median of $2,690. Property taxes in Aurora are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Aurora'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 Aurora 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
Aurora, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$2,264
Ownwell’s Aurora Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Aurora with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aurora 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 Aurora, Nebraska
Property taxes in Aurora, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Aurora is 1.30%, higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Aurora set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aurora 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 Aurora's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68818 zip code has the highest median property tax rate of 1.30%, while the 68818 zip code also has the lowest median tax rate of 1.30%. Understanding how these cities compare with Aurora provides valuable insights into the varying tax landscape across Clay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aurora Tax Rate
1.30%
Average Clay County Tax Rate
1.67%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aurora, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68818 | 1.03% | 1.05% | 1.30% | 1.31% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Aurora, Nebraska
In Aurora, 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 Clay 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 Aurora, 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 Aurora helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Aurora is $174,175, with the highest and lowest median tax bills both being $1,862 in the 68818 zip code.
Average Aurora Assessed Value
$174,175
Average Clay County Assessed Value
$85,465
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Aurora, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68818 | $24,310 | $96,100 | $174,175 | $391,705 | $591,555 |
Source: Ownwell
Property Tax Bills Across Aurora, Nebraska
In Aurora, located in Clay County, NE, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor's office and is a percentage of the property's market value. For instance, if the median home price in Aurora is $174,175, the assessed value will be derived from this figure, subject to local assessment ratios. The tax bill is influenced by various factors, including the property's location, size, and any applicable exemptions. Homeowners in Aurora can expect a wide range in their property tax bills, with the 25th percentile at $694 and the 75th percentile reaching up to $5,140. For those in the 90th percentile, tax bills can soar to $7,020. Compared to the national median property tax rate of 0.99%, Aurora's property tax landscape shows significant variation, impacting homeowners differently based on their property's assessed value and applicable tax rates. This variation highlights the importance of understanding local tax assessments to manage property tax obligations effectively.
Average Aurora Tax Bill
$1,862
Average Clay County Tax Bill
$1,360
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Aurora, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68818 | $121 | $694 | $1,862 | $5,140 | $7,020 |
Source: Ownwell