Kenesaw, Nebraska Property Taxes
The median property tax rate in Kenesaw, NE is 1.39%, which is notably higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $197,086 in Kenesaw, the typical annual property tax bill amounts to $2,703, surpassing the national median of $2,690. Property taxes in Kenesaw are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Kenesaw'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 Kenesaw 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
Kenesaw, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.39%
Estimate Property Tax Bill
$2,739
Ownwell’s Kenesaw Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kenesaw with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kenesaw 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 Kenesaw, Nebraska
Property taxes in Kenesaw, Nebraska, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Kenesaw is 1.39%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Kenesaw set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kenesaw 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 Kenesaw's effective property tax rate to other areas in Nebraska and the national median. For comparison, the zip code 68956 has the highest median property tax rate of 1.39%, while the same zip code also has the lowest median tax rate of 1.39%. Understanding how these areas compare with Kenesaw 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 Kenesaw Tax Rate
1.39%
Average Hall County Tax Rate
1.65%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kenesaw, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68956 | 1.15% | 1.32% | 1.39% | 1.41% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Kenesaw, Nebraska
In Kenesaw, 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 Assessor's Office 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 Kenesaw, 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 Kenesaw helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills in Hall County is 68956, both with a median tax bill of $2,703.
Average Kenesaw Assessed Value
$197,086
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 Kenesaw, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68956 | $137,300 | $166,356 | $197,086 | $295,276 | $554,285 |
Source: Ownwell
Property Tax Bills Across Kenesaw, Nebraska
In Kenesaw, Hall County, NE, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the home's market value, which is determined by local assessors. For instance, with a median home price of $197,086, homeowners can expect varying tax bills based on their property's assessed value and the local tax rate. Homeowners in the 25th percentile might see tax bills around $2,112, while those in the 75th percentile could face bills up to $4,296. At the 90th percentile, tax bills can reach as high as $8,076. These figures highlight the wide range of property tax obligations that can significantly impact household budgets. Comparatively, the national median property tax rate is 0.99%, making it essential for Kenesaw homeowners to understand how local rates and assessed values influence their annual tax bills. This knowledge can help homeowners plan better and potentially seek exemptions or appeals to lower their tax burden.
Average Kenesaw Tax Bill
$2,703
Average Hall County Tax Bill
$2,705
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Kenesaw, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68956 | $1,824 | $2,112 | $2,703 | $4,296 | $8,076 |
Source: Ownwell