Colfax County Property Taxes
The median property tax rate in Colfax County is 1.78%, which is notably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With a median home value of $110,540 in Colfax County, the typical annual property tax bill is around $1,841, which is below the national median of $2,690. Property taxes in Colfax County are calculated based on the tax assessed value, which typically falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Colfax County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Schuyler or another part of Colfax County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Colfax County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.78%
Estimate Property Tax Bill
$1,968
Ownwell’s Colfax Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Colfax with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Colfax to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Colfax County, Nebraska
Property taxes in Colfax play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Colfax is 1.78%, which is higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Colfax set these rates annually, and they can vary significantly between different areas within the county. Each year, Colfax estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Colfax's effective property tax rate with other counties in Nebraska and the national median. For comparison, the city of Leigh has one of the higher property tax rates in Nebraska at 1.88%, while the city of Dodge boasts one of the lowest at 0.93%. Analyzing how Colfax's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Colfax County Tax Rate
1.78%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Colfax County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clarkson | 1.10% | 1.12% | 1.60% | 1.60% | 1.60% |
| Columbus | 1.32% | 1.45% | 1.46% | 1.46% | 1.46% |
| Dodge | 0.92% | 0.92% | 0.93% | 0.94% | 0.94% |
| Howells | 0.93% | 1.45% | 1.55% | 1.55% | 1.55% |
| Leigh | 1.31% | 1.34% | 1.88% | 1.88% | 1.88% |
| Richland | 1.11% | 1.45% | 1.46% | 1.71% | 1.71% |
| Rogers | 1.44% | 1.45% | 1.46% | 1.91% | 1.91% |
| Schuyler | 1.45% | 1.47% | 1.78% | 1.78% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Colfax County, Nebraska
In Colfax County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Colfax County Appraisal District. The assessed value, however, 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. Assessment notices in Colfax County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, the highest median tax bill in Colfax County is in Dodge at $4,941, while the lowest is in Howells at $1,379. Being aware of these valuation processes in Colfax County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Colfax County Assessed Value
$110,540
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Colfax County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clarkson | $23,938 | $43,880 | $106,325 | $280,715 | $603,663 |
| Columbus | $44,658 | $144,805 | $241,242 | $384,896 | $702,738 |
| Dodge | $191,786 | $356,155 | $538,385 | $752,730 | $903,090 |
| Howells | $19,989 | $43,810 | $92,085 | $192,005 | $471,302 |
| Leigh | $22,401 | $43,315 | $90,345 | $225,375 | $492,269 |
| Richland | $22,414 | $53,575 | $190,670 | $366,572 | $552,361 |
| Rogers | $18,510 | $43,389 | $164,122 | $417,065 | $747,748 |
| Schuyler | $25,658 | $63,406 | $111,032 | $166,431 | $290,920 |
Source: Ownwell
Property Tax Bills Across Colfax County, Nebraska
In Colfax County, NE, property tax bills are calculated based on the assessed value of the property, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Colfax County is $110,540, and the property tax rate is influenced by various factors, including local government budgets, school funding, and public services. Homeowners in Colfax County can expect their tax bills to vary significantly. For example, the 25th percentile tax bill is around $921, while those in the 75th percentile pay approximately $3,051. The highest tax bills, at the 90th percentile, can reach up to $5,573. Comparatively, the national median property tax rate is 0.99%, making Colfax County's taxes relatively moderate. However, tax bills can still create a financial burden, especially for those in areas with higher rates like Dodge, where the median tax bill is $4,941, compared to Howells, which has the lowest median tax bill at $1,379.
Average Colfax County Tax Bill
$1,841
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Colfax County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clarkson | $320 | $674 | $1,580 | $3,542 | $7,259 |
| Columbus | $371 | $1,589 | $2,687 | $5,647 | $10,167 |
| Dodge | $1,721 | $3,331 | $4,941 | $6,947 | $8,430 |
| Howells | $297 | $659 | $1,379 | $2,666 | $4,922 |
| Leigh | $405 | $820 | $1,691 | $3,643 | $6,872 |
| Richland | $220 | $856 | $2,768 | $5,256 | $8,309 |
| Rogers | $276 | $671 | $2,290 | $6,079 | $10,240 |
| Schuyler | $378 | $1,050 | $1,902 | $2,800 | $4,570 |
Source: Ownwell