Hayes County Property Taxes
The median property tax rate in Hayes County is 1.18%, which is higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Hayes County at $126,295, the typical annual property tax bill is $1,612, which is below the national median of $2,690. Property taxes in Hayes County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Hayes County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in a city or another part of Hayes County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hayes County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$1,490
-$15,618
Ownwell’s Hayes County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Hayes County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Hayes County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Hayes County, Nebraska
Property taxes in Hayes County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Hayes County is 1.18%, which is higher than the U.S. national median of 0.99%. Local government entities within Hayes County set these rates annually, and they can vary significantly between different areas within the county. Each year, Hayes County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Hayes County's effective property tax rate with other counties and the national median. For comparison, the city of Hamlet has one of the higher property tax rates at 1.52%, while the city of Culbertson boasts one of the lowest at 1.04%. Analyzing how Hayes County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Hayes County Tax Rate
1.18%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hayes County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Culbertson | 1.03% | 1.03% | 1.04% | 1.05% | 1.05% |
| Elsie | 1.04% | 1.04% | 1.04% | 1.06% | 1.09% |
| Hamlet | 1.32% | 1.52% | 1.52% | 1.52% | 1.52% |
| Hayes Center | 1.04% | 1.04% | 1.06% | 1.56% | 1.56% |
| Maywood | 1.03% | 1.03% | 1.04% | 1.04% | 1.05% |
| Palisade | 1.22% | 1.22% | 1.23% | 1.52% | 1.70% |
| Wallace | 0.85% | 1.09% | 1.11% | 1.11% | 1.11% |
| Wauneta | 1.03% | 1.18% | 1.20% | 1.21% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Hayes County, Nebraska
In Hayes County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Hayes County Appraisal District. The assessed value, however, 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. Assessment notices in Hayes County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. The cities with the highest and lowest median tax bills are Maywood at $2,870 and Hamlet at $382, respectively. Being aware of these valuation processes in Hayes County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Hayes County Assessed Value
$126,295
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hayes County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Culbertson | $88,176 | $122,568 | $185,582 | $408,562 | $496,735 |
| Elsie | $87,276 | $111,889 | $203,402 | $316,739 | $432,433 |
| Hamlet | $12,410 | $16,769 | $25,065 | $31,816 | $114,146 |
| Hayes Center | $24,475 | $39,480 | $92,695 | $231,905 | $487,504 |
| Maywood | $83,268 | $148,186 | $274,400 | $424,298 | $827,326 |
| Palisade | $10,213 | $29,008 | $105,535 | $262,470 | $441,858 |
| Wallace | $160,635 | $185,130 | $214,025 | $383,980 | $554,515 |
| Wauneta | $58,473 | $89,786 | $200,652 | $434,011 | $686,435 |
Source: Ownwell
Property Tax Bills Across Hayes County, Nebraska
In Hayes County, NE, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is typically a percentage of the market value of the home. Various factors influence this assessed value, including property size, location, and condition. The median home price in Hayes County is $126,295, and the property tax rate is applied to this assessed value to determine the annual tax bill. Homeowners in Hayes County experience a range of tax bills. For instance, the 25th percentile tax bill is $647, while the 75th percentile tax bill reaches $3,267. At the higher end, the 90th percentile tax bill is $5,690. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax burdens. Within Hayes County, the city of Maywood has the highest median tax bill at $2,870, whereas Hamlet has the lowest at $382. This variation significantly affects homeowners, impacting their annual financial planning and property affordability.
Average Hayes County Tax Bill
$1,612
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Hayes County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Culbertson | $969 | $1,376 | $1,972 | $4,250 | $5,306 |
| Elsie | $912 | $1,164 | $2,153 | $3,286 | $4,588 |
| Hamlet | $206 | $263 | $382 | $533 | $1,722 |
| Hayes Center | $365 | $585 | $1,198 | $2,512 | $5,048 |
| Maywood | $842 | $1,538 | $2,870 | $4,381 | $8,545 |
| Palisade | $233 | $654 | $1,563 | $3,123 | $5,538 |
| Wallace | $1,507 | $1,575 | $2,070 | $4,256 | $6,152 |
| Wauneta | $513 | $1,004 | $2,445 | $4,994 | $8,252 |
Source: Ownwell