Whitman, Nebraska Property Taxes
The median property tax rate in Whitman, NE is 0.80%, which is notably lower than both the national median of 0.99% and Nebraska's state median of 1.75%. With a median home value in Whitman of $123,216, the typical annual property tax bill amounts to $1,406, which is well below the national median of $2,690. Property taxes in Whitman are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Whitman'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 Whitman 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
Whitman, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$986
Ownwell’s Whitman Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Whitman with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whitman 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 Whitman, Nebraska
Property taxes in Whitman, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Whitman is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities within Whitman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whitman 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 Whitman's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69366 zip code has both the highest and lowest median property tax rate of 0.80%. Understanding how these areas compare with Whitman provides valuable insights into the varying tax landscape across Grant County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Whitman Tax Rate
0.80%
Average Grant County Tax Rate
0.80%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Whitman, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69366 | 0.79% | 0.80% | 0.80% | 0.81% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Whitman, Nebraska
In Whitman, 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 Grant 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 Whitman, 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 Whitman helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 69366 has both the highest and lowest median tax bill, valued at $1,406.
Average Whitman Assessed Value
$123,216
Average Grant County Assessed Value
$47,849
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Whitman, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69366 | $7,882 | $27,022 | $123,216 | $313,069 | $381,536 |
Source: Ownwell
Property Tax Bills Across Whitman, Nebraska
In Whitman, located in Grant County, NE, property tax bills are calculated based on the assessed value of your home. This assessed value is determined by the county assessor and reflects the market value of the property. The property tax rate in Whitman is then applied to this assessed value to determine the total tax bill. Several factors influence this calculation, including local government budgets, school district funding needs, and other public services. For homeowners in Whitman, the median home price stands at $123,216. Property tax bills can vary significantly, with the 25th percentile paying around $247 annually, while those in the 75th percentile see bills closer to $2,507. The highest tax bills, in the 90th percentile, reach up to $3,059. These figures illustrate the range of property tax burdens that homeowners might face, depending on their property's assessed value and the specific tax rate applied. With the national median property tax rate at 0.99%, Whitman’s rates offer a comparative perspective for homeowners evaluating their tax obligations.
Average Whitman Tax Bill
$1,406
Average Grant County Tax Bill
$588
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Whitman, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69366 | $61 | $247 | $1,406 | $2,507 | $3,059 |
Source: Ownwell