Atkinson, Nebraska Property Taxes
The median property tax rate in Atkinson, NE is 1.27%, 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 $98,841 in Atkinson, the typical annual property tax bill amounts to $1,202, which is below the national median of $2,690. Property taxes in Atkinson are determined based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural land. By understanding Atkinson's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're in the heart of Atkinson or another part of Holt County, gaining insights into the local property tax system can lead to better financial planning and investment decisions.
Last Updated June 14, 2024
Atkinson, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$1,255
Ownwell’s Atkinson Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Atkinson with ease. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Atkinson to provide an estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities, empowering you to make informed decisions. For those interested in neighborhood-specific trends, additional localized information is available below. Your property’s assessed value is determined by Holt County for tax calculations, considering any applicable exemptions.
Property Tax Rates Across Atkinson, Nebraska
Property taxes in Atkinson, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Atkinson is 1.27%, significantly higher than the U.S. national median of 0.99%. Local government entities within Atkinson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Atkinson 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 Atkinson's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68713 zip code has both the highest and lowest median property tax rate of 1.27%. Understanding how these cities compare with Atkinson provides valuable insights into the varying tax landscape across Holt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Atkinson Tax Rate
1.27%
Average Holt County Tax Rate
1.55%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Atkinson, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68713 | 0.93% | 1.03% | 1.27% | 1.33% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Atkinson, Nebraska
In Atkinson, 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 Holt 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 Atkinson, 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. Atkinson has a median home price of $98,841, with tax bills ranging from $560 at the 25th percentile to $2,766 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 68713, with a median of $1,202. By understanding these valuation processes, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Atkinson Assessed Value
$98,841
Average Holt County Assessed Value
$91,350
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Atkinson, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68713 | $25,094 | $51,890 | $98,841 | $166,643 | $235,133 |
Source: Ownwell
Property Tax Bills Across Atkinson, Nebraska
In Atkinson, located in Holt County, NE, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price in Atkinson is $98,841, which serves as a baseline for determining your property's assessed value. The assessed value is then multiplied by the local tax rate to calculate your annual tax bill. Factors such as property improvements, market trends, and neighborhood valuations play a significant role in determining the assessed value. Homeowners in Atkinson can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $560, while those in the 75th percentile can see bills as high as $1,988. The 90th percentile tax bill can reach up to $2,766. Comparatively, the highest median tax bill in the area is $1,202, which is still below the national median property tax rate of 0.99%. These variations highlight how individual property characteristics and local assessments impact the financial obligations of homeowners.
Average Atkinson Tax Bill
$1,202
Average Holt County Tax Bill
$1,293
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Atkinson, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68713 | $231 | $560 | $1,202 | $1,988 | $2,766 |
Source: Ownwell