Clarkson, Nebraska Property Taxes
The median property tax rate in Clarkson, NE is 1.60%, noticeably higher than the national median of 0.99% but slightly below the Nebraska state median of 1.75%. With the median home value in Clarkson at $106,325, the typical annual property tax bill reaches $1,580, which is still lower than the national median of $2,690. Property taxes in Clarkson are determined based on the tax assessed value, which often falls below market value due to exemptions such as those for primary residences and agricultural properties. Understanding Clarkson'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 Clarkson 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
Clarkson, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.6%
Estimate Property Tax Bill
$1,701
Ownwell’s Clarkson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clarkson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clarkson 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 Clarkson, Nebraska
Property taxes in Clarkson, Nebraska, play a crucial role in supporting essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clarkson is 1.60%, significantly higher than the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Clarkson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clarkson 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 Clarkson's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68629 zip code has the highest median property tax rate of 1.60%, while the 68629 zip code also has the lowest median tax rate of 1.60%. Understanding how these cities compare with Clarkson provides valuable insights into the varying tax landscape across Colfax County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clarkson Tax Rate
1.60%
Average Colfax County Tax Rate
1.78%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clarkson, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68629 | 1.10% | 1.12% | 1.60% | 1.60% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Clarkson, Nebraska
In Clarkson, 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 Colfax 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 Clarkson, 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 Clarkson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 68629 in Clarkson has both the highest and lowest median tax bills at $1,580.
Average Clarkson Assessed Value
$106,325
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 Clarkson, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68629 | $23,938 | $43,880 | $106,325 | $280,715 | $603,663 |
Source: Ownwell
Property Tax Bills Across Clarkson, Nebraska
In Clarkson, located in Colfax County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. For instance, with a median home price of $106,325, the tax bill can vary significantly. Factors such as property location, improvements, and exemptions play a role in determining the final tax bill. Homeowners in Clarkson can expect their property tax bills to range widely. At the 25th percentile, the tax bill is around $674, while at the 75th percentile, it rises to $3,542. For those at the 90th percentile, the tax bill can reach up to $7,259. Comparatively, the national median property tax rate is 0.99%, which gives Clarkson homeowners a context for understanding their local tax obligations. These property taxes fund essential community services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents.
Average Clarkson Tax Bill
$1,580
Average Colfax County Tax Bill
$1,841
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Clarkson, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68629 | $320 | $674 | $1,580 | $3,542 | $7,259 |
Source: Ownwell