Boelus, Nebraska Property Taxes
The median property tax rate in Boelus, Nebraska is 1.31%, which is higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in Boelus at $441,312, the typical annual property tax bill reaches $5,797, significantly exceeding the national median of $2,690. Property taxes in Boelus 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 Boelus'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 Boelus 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
Boelus, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$5,781
Ownwell’s Boelus Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Boelus with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Boelus 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 Boelus, Nebraska
Property taxes in Boelus, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Boelus is 1.31%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Boelus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Boelus 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 Boelus's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68820 has both the highest and lowest median property tax rate of 1.31%. Understanding how these areas compare with Boelus provides valuable insights into the varying tax landscape across Hall County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Boelus Tax Rate
1.31%
Average Hall County Tax Rate
1.65%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Boelus, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68820 | 1.31% | 1.31% | 1.31% | 1.31% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Boelus, Nebraska
In Boelus, 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 Hall 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 Boelus, 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 Boelus helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Boelus, the zip code with the highest and lowest median tax bill is 68820, both at $5,797.
Average Boelus Assessed Value
$441,312
Average Hall County Assessed Value
$168,820
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Boelus, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68820 | $441,312 | $441,312 | $441,312 | $441,312 | $441,312 |
Source: Ownwell
Property Tax Bills Across Boelus, Nebraska
In Boelus, located in Hall County, Nebraska, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by local assessors who consider various factors, including the market value, property size, and any improvements made. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. For homeowners in Boelus, the median home price stands at $441,312. Given this value, the typical property tax bill is approximately $5,797, which is reflective of the 25th, 75th, and even the 90th percentiles in the area. This consistency indicates a stable tax environment. Compared to the national median property tax rate of 0.99%, Boelus homeowners experience a slightly higher tax burden, which can impact their overall housing costs. Understanding these factors helps homeowners anticipate their annual expenses and plan their finances accordingly.
Average Boelus Tax Bill
$5,797
Average Hall County Tax Bill
$2,705
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Boelus, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68820 | $5,797 | $5,797 | $5,797 | $5,797 | $5,797 |
Source: Ownwell