Stuart, Nebraska Property Taxes
The median property tax rate in Stuart, NE is 1.70%, slightly lower than the Nebraska state median of 1.75% but still considerably higher than the national median of 0.99%. With a median home value of $101,664 in Stuart, the typical annual property tax bill amounts to $1,660, which is below the national median of $2,690. Property taxes in Stuart are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Stuart'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 Stuart or another part of Holt County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stuart, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.7%
Estimate Property Tax Bill
$1,728
Ownwell’s Stuart Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Stuart. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Stuart to provide an accurate estimate of your property tax bill. This valuable resource helps you grasp potential tax liabilities with ease. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county and includes any applicable exemptions, ensuring a precise calculation for your tax obligations.
Property Tax Rates Across Stuart, Nebraska
Property taxes in Stuart, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stuart is 1.70%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Stuart set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stuart 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 Stuart's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68780 zip code has the highest median property tax rate of 1.70%, while the same zip code also has the lowest median tax rate of 1.70%. Understanding how these cities compare with Stuart 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 Stuart Tax Rate
1.70%
Average Holt County Tax Rate
1.55%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stuart, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68780 | 1.28% | 1.62% | 1.70% | 1.77% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across Stuart, Nebraska
In Stuart, 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 Stuart, 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 Stuart helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Stuart are both $1,660, found in the 68780 zip code.
Average Stuart Assessed Value
$101,664
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 Stuart, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68780 | $22,746 | $51,913 | $101,664 | $167,010 | $216,410 |
Source: Ownwell
Property Tax Bills Across Stuart, Nebraska
Property tax bills in Stuart, located in Holt County, Nebraska, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor's office and is typically a percentage of the property's market value. For homeowners in Stuart, the median home price is $101,664, and the property tax rate is applied to this assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. In Stuart, homeowners can expect to pay a median property tax bill that ranges significantly. The 25th percentile tax bill is around $674, while the 75th percentile tax bill reaches up to $2,770. For those in the 90th percentile, the tax bill can be as high as $3,695. These property taxes directly affect homeowners by contributing to local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Stuart's property tax rates reflect the local economic conditions and funding needs.
Average Stuart Tax Bill
$1,660
Average Holt County Tax Bill
$1,293
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Stuart, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68780 | $326 | $674 | $1,660 | $2,770 | $3,695 |
Source: Ownwell