Primrose, Nebraska Property Taxes
The median property tax rate in Primrose, NE is 0.84%, notably lower than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Primrose at $790,815, the typical annual property tax bill amounts to $6,684, which is significantly higher than the national median of $2,690. Property taxes in Primrose are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Primrose'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 Primrose or another part of Greeley County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Primrose, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$6,643
Ownwell’s Primrose Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Primrose with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Primrose 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 Primrose, Nebraska
Property taxes in Primrose, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Primrose is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Primrose set these rates annually, and they can vary significantly across different neighborhoods. Each year, Primrose 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 Primrose's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68655 has the highest median property tax rate of 0.84%, while the same zip code also has the lowest median tax rate of 0.84%. Understanding how these cities compare with Primrose provides valuable insights into the varying tax landscape across Greeley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Primrose Tax Rate
0.84%
Average Greeley County Tax Rate
1.34%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Primrose, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68655 | 0.84% | 0.84% | 0.84% | 0.84% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Primrose, Nebraska
In Primrose, 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 Greeley 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 Primrose, 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 Primrose helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 68655 has the highest and lowest median tax bill, both at $6,684.
Average Primrose Assessed Value
$790,815
Average Greeley County Assessed Value
$86,605
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Primrose, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68655 | $538,424 | $706,925 | $790,815 | $1,184,530 | $1,302,961 |
Source: Ownwell
Property Tax Bills Across Primrose, Nebraska
In Primrose, located in Greeley County, NE, property tax bills are determined by assessing the value of a property and applying the local tax rate to this assessed value. The median home price in Primrose is $790,815, which serves as a benchmark for understanding property tax obligations. Property taxes are influenced by several factors, including the assessed value of the home, local tax rates, and any applicable exemptions or deductions. For homeowners in Primrose, the property tax burden can vary significantly. The tax bill at the 25th percentile is around $5,942, while those at the 75th percentile pay approximately $9,949. At the 90th percentile, the tax bill can reach up to $10,959. These figures highlight the range of property tax obligations within the community. Compared to the national median property tax rate of 0.99%, Primrose's property tax rates can be considered relatively high, impacting homeowners' annual financial planning and overall cost of living.
Average Primrose Tax Bill
$6,684
Average Greeley County Tax Bill
$1,502
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Primrose, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68655 | $4,531 | $5,942 | $6,684 | $9,949 | $10,959 |
Source: Ownwell