Bradshaw, Nebraska Property Taxes
The median property tax rate in Bradshaw, NE is 1.10%, 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 Bradshaw at $483,308, the typical annual property tax bill reaches $5,469, significantly exceeding the national median of $2,690. Property taxes in Bradshaw are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Bradshaw'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 Bradshaw or another part of Hamilton County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bradshaw, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$5,316
Ownwell’s Bradshaw Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bradshaw with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bradshaw 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 Bradshaw, Nebraska
Property taxes in Bradshaw, Nebraska, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Bradshaw is 1.10%, higher than both the Nebraska state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Bradshaw set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bradshaw 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 Bradshaw's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68319 zip code has the highest median property tax rate of 1.10%, while the 68319 zip code also has the lowest median tax rate of 1.10%. Understanding how these cities compare with Bradshaw provides valuable insights into the varying tax landscape across Hamilton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bradshaw Tax Rate
1.10%
Average Hamilton County Tax Rate
1.50%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bradshaw, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68319 | 0.93% | 1.04% | 1.10% | 1.13% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Bradshaw, Nebraska
In Bradshaw, 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 Hamilton 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 Bradshaw, 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 Bradshaw helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Bradshaw has a median home price of $483,308. The median tax bill is $5,469 in zip code 68319. Homeowners in the 25th percentile pay approximately $4,054, while those in the 75th percentile face tax bills around $7,720. Understanding these figures can help residents better prepare for their financial obligations.
Average Bradshaw Assessed Value
$483,308
Average Hamilton County Assessed Value
$155,855
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bradshaw, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68319 | $341,135 | $345,342 | $483,308 | $772,399 | $1,048,634 |
Source: Ownwell
Property Tax Bills Across Bradshaw, Nebraska
In Bradshaw, located in Hamilton County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $483,308, homeowners in Bradshaw face varying tax bills depending on their property's assessed value and applicable exemptions. Factors such as the property's location, improvements, and market conditions play a significant role in determining the assessed value. In Bradshaw, the tax bill for the 25th percentile is $4,054, while the 75th percentile sees a tax bill of $7,720. At the 90th percentile, homeowners encounter a tax bill of $9,405. This variability underscores the impact of property assessments and local tax rates on the financial obligations of homeowners. Comparatively, the highest and lowest median tax bills in the area are both recorded at $5,469, reflecting consistent valuation practices within the zip code 68319.
Average Bradshaw Tax Bill
$5,469
Average Hamilton County Tax Bill
$2,134
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Bradshaw, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68319 | $3,876 | $4,054 | $5,469 | $7,720 | $9,405 |
Source: Ownwell