Indianola, Nebraska Property Taxes
The median property tax rate in Indianola, NE is 0.64%, significantly lower than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Indianola, the typical annual property tax bill is $1,126, which is notably less than the national median of $2,690. Property taxes in Indianola are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Indianola'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 Indianola 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
Indianola, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$1,129
Ownwell’s INDIANOLA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in INDIANOLA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in INDIANOLA 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 Indianola, Nebraska
Property taxes in Indianola, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Indianola is 1.20%, higher than both the Nebraska state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Indianola set these rates annually, and they can vary significantly across different neighborhoods. Each year, Indianola 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 Indianola's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69034 ZIP code has the highest median property tax rate of 1.20%, while the same 69034 ZIP code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with Indianola provides valuable insights into the varying tax landscape across Frontier County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Indianola Tax Rate
0.64%
Average Frontier County Tax Rate
1.50%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Indianola, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69034 | 0.54% | 0.58% | 0.64% | 0.66% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Indianola, Nebraska
In Indianola, 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 Frontier 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. Assessment notices in Indianola 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 Indianola helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 69034 has the highest and lowest median tax bill at $1,126.
Average Indianola Assessed Value
$176,336
Average Frontier County Assessed Value
$86,548
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Indianola, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69034 | $166,153 | $169,972 | $176,336 | $305,327 | $382,722 |
Source: Ownwell
Property Tax Bills Across Indianola, Nebraska
Property tax bills in Indianola, located in Frontier County, Nebraska, are calculated based on the assessed value of a property and the local tax rate. The assessed value is a percentage of the property's market value, which is determined by the county assessor. Once the assessed value is established, the local tax rate, which is set by various taxing authorities such as school districts and local governments, is applied to this value to determine the tax bill. In Indianola, the median home price stands at $176,336, with property tax bills varying significantly. Homeowners in the 25th percentile can expect to pay around $1,017 in property taxes, while those in the 75th percentile might see bills as high as $1,944. At the 90th percentile, property tax bills can reach up to $2,435. The highest median tax bill in the area is $1,126, which is significantly higher than the national median property tax rate of 0.99%. These property taxes fund essential public services, including schools, infrastructure, and emergency services, thereby directly impacting the quality of life for homeowners in Indianola.
Average Indianola Tax Bill
$1,126
Average Frontier County Tax Bill
$1,097
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Indianola, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69034 | $952 | $1,017 | $1,126 | $1,944 | $2,435 |
Source: Ownwell