South Sioux City, Nebraska Property Taxes
The median property tax rate in South Sioux City, NE is 1.91%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in South Sioux City, the typical annual property tax bill reaches $2,228, which is below the national median of $2,690. Property taxes in South Sioux City 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 South Sioux City'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 South Sioux City 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
South Sioux City, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.91%
Estimate Property Tax Bill
$2,396
Ownwell’s SOUTH SIOUX CITY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SOUTH SIOUX CITY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SOUTH SIOUX CITY 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 South Sioux City, Nebraska
Property taxes in South Sioux City, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Sioux City is 1.91%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within South Sioux City set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Sioux City 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 South Sioux City's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68776 zip code has the highest median property tax rate of 1.91%, while the same zip code also has the lowest median tax rate of 1.91%. Understanding how these cities compare with South Sioux City provides valuable insights into the varying tax landscape across Dakota County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average South Sioux City Tax Rate
1.91%
Average Dakota County Tax Rate
1.91%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Sioux City, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68776 | 1.54% | 1.91% | 1.91% | 1.91% | 1.91% |
Source: Ownwell
Property Tax Assessment Values Across South Sioux City, Nebraska
In South Sioux City, 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 Dakota 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 South Sioux City, 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. The median home price in South Sioux City is $125,420. The property tax bills vary significantly, with the 25th percentile at $1,095 and the 75th percentile at $3,214. The highest median tax bill in the area is $2,228, found in the zip code 68776, which also has the lowest median tax bill. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across South Sioux City, Nebraska
Source: Ownwell
$125,420
$179,933
$234,445
Average South Sioux City Assessed Value
$125,420
Average Dakota County Assessed Value
$134,320
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across South Sioux City, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68776 | $24,343 | $70,240 | $125,420 | $175,885 | $234,456 |
Source: Ownwell
Property Tax Bills Across South Sioux City, Nebraska
Property tax bills in South Sioux City, Dakota County, NE, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and typically reflects a percentage of the market value. Homeowners in South Sioux City can expect property tax bills that vary significantly based on their property's assessed value. For instance, the tax bill at the 25th percentile is around $1,095, while at the 75th percentile, it reaches approximately $3,214. The tax bill at the 90th percentile can go as high as $4,286. These variations indicate how different factors, such as property size, location, and improvements, influence the final tax amount. Comparatively, the national median property tax rate stands at 0.99%. Homeowners in South Sioux City should be aware of these factors as they directly impact their annual financial obligations, making property tax management a crucial aspect of homeownership in this region.
Average South Sioux City Tax Bill
$2,228
Average Dakota County Tax Bill
$2,267
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across South Sioux City, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68776 | $150 | $1,095 | $2,228 | $3,214 | $4,286 |
Source: Ownwell