Ragan, Nebraska Property Taxes
The median property tax rate in Ragan, NE is 1.30%, which is higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $11,750 in Ragan, the typical annual property tax bill is $123, significantly below the national median of $2,690. Property taxes in Ragan are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Ragan's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Ragan or elsewhere in the area, gaining insights into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ragan, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$153
Ownwell’s RAGAN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in RAGAN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in RAGAN 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 Ragan, Nebraska
Property taxes in Ragan, Nebraska, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Ragan is 1.30%, which is significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Ragan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ragan 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 Ragan's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68969 zip code has both the highest and lowest median property tax rate of 1.30%. Understanding how these cities compare with Ragan provides valuable insights into the varying tax landscape across Harlan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ragan Tax Rate
1.30%
Average Harlan County Tax Rate
1.53%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ragan, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68969 | 1.30% | 1.30% | 1.30% | 1.30% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Ragan, Nebraska
In Ragan, 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 Harlan 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 Ragan, 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 Ragan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Ragan, both at $123.00, are found in zip code 68969.
Average Ragan Assessed Value
$11,750
Average Harlan County Assessed Value
$72,830
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ragan, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68969 | $5,885 | $7,850 | $11,750 | $54,555 | $63,135 |
Source: Ownwell
Property Tax Bills Across Ragan, Nebraska
In Ragan, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the property tax rate set by Harlan County. The median home price in Ragan is $11,750, and the property tax rate in the area is aligned with the national median of 0.99%. For homeowners, this means that an average tax bill would be relatively modest compared to other regions. Several factors influence the final tax bill, including the home's assessed value, applicable exemptions, and local tax rates. For example, tax bills in the 25th percentile are around $90, while those in the 75th percentile can reach up to $723, and the 90th percentile goes up to $825. These variations demonstrate how different factors can significantly impact the amount homeowners owe. Understanding these components can help homeowners better anticipate their annual property tax obligations and potentially seek exemptions or appeals to lower their bills.
Average Ragan Tax Bill
$123
Average Harlan County Tax Bill
$1,149
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Ragan, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68969 | $75 | $90 | $123 | $723 | $825 |
Source: Ownwell