Arapahoe, Nebraska Property Taxes
The median property tax rate in Arapahoe, Nebraska is 1.19%, slightly higher than the national median of 0.99% but lower than Nebraska's state median of 1.75%. With the median home value in Arapahoe at $234,963, the typical annual property tax bill is $2,687, just below the national median of $2,690. Property taxes in Arapahoe are calculated based on the assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Arapahoe'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 Arapahoe 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
Arapahoe, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$2,796
Ownwell’s Arapahoe Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arapahoe with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arapahoe 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 Arapahoe, Nebraska
Property taxes in Arapahoe, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arapahoe is 1.19%, higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Arapahoe set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arapahoe 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 Arapahoe's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68922 zip code has both the highest and lowest median property tax rate of 1.19%. Understanding how these cities compare with Arapahoe provides valuable insights into the varying tax landscape across Gosper County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arapahoe Tax Rate
1.19%
Average Gosper County Tax Rate
1.11%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arapahoe, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68922 | 1.17% | 1.19% | 1.19% | 1.21% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Arapahoe, 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 local 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 Arapahoe, 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. For instance, in Gosper County, the median home price is $234,963, with the 25th percentile tax bill at $1,519 and the 75th percentile at $5,525. The highest and lowest median tax bills are both $2,687 in the 68922 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Arapahoe Assessed Value
$234,963
Average Gosper County Assessed Value
$179,048
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arapahoe, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68922 | $44,494 | $127,555 | $234,963 | $481,129 | $865,641 |
Source: Ownwell
Property Tax Bills Across Arapahoe, Nebraska
In Arapahoe, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the market value of the property. The tax rate is then applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including the property's location, improvements, and any applicable exemptions. For homeowners in Arapahoe, the median home price is $234,963. The tax bills range significantly, with the 25th percentile at $1,519 and the 75th percentile at $5,525. The 90th percentile tax bill can be as high as $9,925. The highest and lowest median tax bills in the area both stand at $2,687 in the 68922 zip code. Compared to the national median property tax rate of 0.99%, these figures highlight the variability and potential impact on homeowners in Arapahoe, affecting their financial planning and overall cost of homeownership.
Average Arapahoe Tax Bill
$2,687
Average Gosper County Tax Bill
$2,112
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Arapahoe, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68922 | $879 | $1,519 | $2,687 | $5,525 | $9,925 |
Source: Ownwell