Arnold, Nebraska Property Taxes
The median property tax rate in Arnold, NE is 1.51%, considerably higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in Arnold, the typical annual property tax bill reaches $981, significantly lower than the national median of $2,690. Property taxes in Arnold are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Arnold'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 Arnold 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
Arnold, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$1,087
Ownwell’s Arnold Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Arnold with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Arnold to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities effectively. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Arnold, Nebraska
Property taxes in Arnold, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arnold is 1.51%, significantly higher than the U.S. national median of 0.99%. Local government entities within Arnold set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arnold 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. Understanding how these cities compare with Arnold provides valuable insights into the varying tax landscape across Custer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arnold Tax Rate
1.51%
Average Custer County Tax Rate
1.38%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arnold, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69120 | 1.09% | 1.11% | 1.51% | 1.51% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Arnold, Nebraska
In Arnold, 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 Custer 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 Arnold, 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 Arnold helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Arnold is $981, found in the zip code 69120, which is also where the lowest median tax bill of $981 is recorded.
Average Arnold Assessed Value
$71,975
Average Custer County Assessed Value
$99,711
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arnold, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69120 | $18,691 | $35,464 | $71,975 | $145,908 | $417,199 |
Source: Ownwell
Property Tax Bills Across Arnold, Nebraska
In Arnold, located in Custer 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 then multiplied by the local tax rate to determine the annual property tax bill. With a median home price of $71,975, homeowners can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $459, while the 75th percentile tax bill reaches approximately $2,135. At the higher end, the 90th percentile tax bill can be as high as $4,644. Several factors influence these tax bills, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Arnold's property taxes can seem relatively moderate or steep, depending on the specific property and its assessed value. For homeowners, understanding these factors is crucial, as property taxes contribute significantly to annual homeownership costs.
Average Arnold Tax Bill
$981
Average Custer County Tax Bill
$1,435
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Arnold, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69120 | $216 | $459 | $981 | $2,135 | $4,644 |
Source: Ownwell