Shickley, Nebraska Property Taxes
The median property tax rate in Shickley, NE is 1.05%, slightly higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in Shickley, the typical annual property tax bill reaches $1,787, which is below the national median of $2,690. Property taxes in Shickley are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Shickley'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 Shickley 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
Shickley, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$1,787
Ownwell’s Shickley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shickley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shickley 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 Shickley, Nebraska
Property taxes in Shickley, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shickley is 1.05%, higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Shickley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shickley 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 Shickley's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68436 zip code has the highest median property tax rate of 1.05%, while the same zip code also has the lowest median tax rate of 1.05%. Understanding how these cities compare with Shickley 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 Shickley Tax Rate
1.05%
Average Clay County Tax Rate
1.67%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shickley, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68436 | 1.05% | 1.05% | 1.05% | 1.05% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Shickley, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Shickley, 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 local 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 Shickley, 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 Shickley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Shickley both stand at $1,787, specifically in the 68436 zip code.
Average Shickley Assessed Value
$170,170
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 Shickley, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68436 | $170,170 | $170,170 | $170,170 | $170,170 | $170,170 |
Source: Ownwell
Property Tax Bills Across Shickley, Nebraska
In Shickley, located in Clay County, NE, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the final tax bill. The median property tax rate in Shickley is 1.05%, slightly above the national median of 0.99%. Homeowners in Shickley with a median home price of $170,170 can expect an annual tax bill of approximately $1,787. Several factors contribute to the assessed value, including the property's market value, improvements made, and comparable property values in the area. This assessed value directly impacts the tax bill, making it crucial for homeowners to ensure their property is accurately assessed. High property taxes can affect homeowners by increasing their monthly mortgage payments and overall cost of living. Understanding how these taxes are calculated helps homeowners better manage their finances and anticipate annual expenses.
Average Shickley Tax Bill
$1,787
Average Clay County Tax Bill
$1,360
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Shickley, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68436 | $1,787 | $1,787 | $1,787 | $1,787 | $1,787 |
Source: Ownwell