Hay Springs, Nebraska Property Taxes
The median property tax rate in Hay Springs, NE is 1.45%, significantly higher than the national median of 0.99% but below the Nebraska state median of 1.75%. With the median home value in Hay Springs, the typical annual property tax bill reaches $3,617, surpassing the national median of $2,690. Property taxes in Hay Springs are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Hay Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Hay Springs 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
Hay Springs, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.45%
Estimate Property Tax Bill
$3,690
Ownwell’s Hay Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hay Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hay Springs 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 Hay Springs, Nebraska
Property taxes in Hay Springs, Nebraska, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hay Springs is 1.45%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Hay Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hay Springs 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 Hay Springs' effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69347 zip code has both the highest and lowest median property tax rate of 1.45%. Understanding how these cities compare with Hay Springs provides valuable insights into the varying tax landscape across Dawes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hay Springs Tax Rate
1.45%
Average Dawes County Tax Rate
1.84%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hay Springs, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69347 | 1.37% | 1.44% | 1.45% | 1.45% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Hay Springs, Nebraska
In Hay Springs, 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 Dawes County 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 Hay Springs, 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 Hay Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 69347 has both the highest and lowest median tax bill at $3617.
Average Hay Springs Assessed Value
$254,498
Average Dawes County Assessed Value
$102,875
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hay Springs, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69347 | $100,216 | $156,981 | $254,498 | $389,819 | $539,290 |
Source: Ownwell
Property Tax Bills Across Hay Springs, Nebraska
Property tax bills in Hay Springs, located in Dawes County, NE, are determined based on the assessed value of a property and the local tax rate. Homeowners in this area see their property taxes calculated by multiplying the assessed value of their home by the local tax rate. For example, with a median home price of $254,498, the tax bill can vary significantly. At the 25th percentile, homeowners might pay around $2,293 annually, while those at the 75th percentile could see bills as high as $5,589. The 90th percentile tax bill can reach up to $7,737. This variability highlights how different factors, such as property improvements or neighborhood developments, can affect individual tax burdens. Compared to the national median property tax rate of 0.99%, the property tax rates in Hay Springs can be seen as relatively moderate. However, the highest median tax bill in the area, recorded at $3,617, may still impact homeowners' financial planning and long-term investments.
Average Hay Springs Tax Bill
$3,617
Average Dawes County Tax Bill
$1,804
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Hay Springs, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69347 | $1,450 | $2,293 | $3,617 | $5,589 | $7,737 |
Source: Ownwell