Hitchcock County Property Taxes
The median property tax rate in Hitchcock County is 1.38%, which is significantly higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in Hitchcock County at $55,428, the typical annual property tax bill is around $860, which is considerably less than the national median of $2,690. Property taxes in Hitchcock County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Hitchcock 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 Trenton or another part of Hitchcock County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hitchcock County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$765
Ownwell’s Hitchcock County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Hitchcock County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Hitchcock 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 Hitchcock County, Nebraska
Property taxes in Hitchcock County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Hitchcock County is 1.38%, which is higher than the U.S. national median of 0.99%. Local government entities within Hitchcock County set these rates annually, and they can vary significantly between different areas within the county. Each year, Hitchcock 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 Hitchcock County's effective property tax rate with other areas and the national median. For comparison, the city of Palisade has one of the higher property tax rates in the region at 1.77%, while the city of Wauneta boasts one of the lowest at 0.89%. Analyzing how Hitchcock County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Hitchcock County Tax Rate
1.38%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Hitchcock County, Nebraska
In Hitchcock 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 Hitchcock 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 Hitchcock 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. Wauneta has the highest median tax bill at $2,153, while Stratton has the lowest at $765. Being aware of these valuation processes in Hitchcock County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Hitchcock County, Nebraska
Source: Ownwell
$46,920
$115,555
$184,190
Average Hitchcock County Assessed Value
$55,428
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hitchcock County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Culbertson | $21,090 | $38,865 | $81,415 | $173,520 | $354,549 |
| Mc Cook | $11,352 | $26,782 | $143,300 | $437,905 | $1,048,462 |
| Palisade | $12,185 | $21,886 | $46,920 | $76,366 | $196,008 |
| Stratton | $13,449 | $24,580 | $54,028 | $153,301 | $389,303 |
| Trenton | $11,805 | $25,170 | $52,960 | $120,834 | $325,830 |
| Wauneta | $96,135 | $128,180 | $184,190 | $298,440 | $492,320 |
Source: Ownwell
Property Tax Bills Across Hitchcock County, Nebraska
In Hitchcock County, NE, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the property's market value, location, and any improvements made to the property. For homeowners in Hitchcock County, the median home price is $55,428. Tax bills can vary significantly; for instance, the tax bill at the 25th percentile is around $380, while at the 75th percentile, it rises to approximately $1,957. The highest median tax bill in the county is found in Wauneta at $2,153, whereas Stratton has the lowest median tax bill at $765. These property taxes fund essential local services such as schools, public safety, and infrastructure. Understanding how these taxes are calculated can help homeowners anticipate their annual expenses and plan their finances accordingly.
Average Hitchcock County Tax Bill
$860
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690