Harbine, Nebraska Property Taxes
The median property tax rate in Harbine, NE is 1.86%, significantly higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Harbine at $23,110, the typical annual property tax bill reaches $430, which is considerably lower than the national median of $2,690. Property taxes in Harbine are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Harbine'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 Harbine or another part of Jefferson County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Harbine, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.86%
Estimate Property Tax Bill
$430
Ownwell’s HARBINE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in HARBINE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in HARBINE 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 Harbine, Nebraska
Property taxes in Harbine, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harbine is 1.86%, significantly higher than the U.S. national median of 0.99%. Local government entities within Harbine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harbine 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 Harbine's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68377 zip code has both the highest and lowest median property tax rate of 1.86%. Understanding how these cities compare with Harbine provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harbine Tax Rate
1.86%
Average Jefferson County Tax Rate
1.75%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harbine, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68377 | 1.86% | 1.86% | 1.86% | 1.86% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Harbine, Nebraska
In Harbine, 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 Jefferson 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 Harbine, 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 Harbine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 68377 has the highest and lowest median tax bills, both at $430, reflecting a unique consistency in the area.
Average Harbine Assessed Value
$23,110
Average Jefferson County Assessed Value
$68,781
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harbine, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68377 | $5,917 | $12,364 | $23,110 | $27,566 | $30,240 |
Source: Ownwell
Property Tax Bills Across Harbine, Nebraska
In Harbine, Jefferson County, NE, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Harbine is $23,110, which is considerably lower than the national median. Property taxes are influenced by several factors, including the home's assessed value and the tax rate set by local authorities. For homeowners, the tax bill can vary significantly. In Harbine, the 25th percentile tax bill is $230, while the 75th percentile tax bill is $513. The 90th percentile tax bill reaches up to $563. These figures indicate that property taxes can vary widely even within the same city, affecting homeowners differently based on their property's assessed value and location within Harbine. For comparison, the national median property tax rate is 0.99%, highlighting that Harbine's property tax rates are relatively modest. Understanding these factors can help homeowners better anticipate their annual tax obligations.
Average Harbine Tax Bill
$430
Average Jefferson County Tax Bill
$1,295
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Harbine, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68377 | $110 | $230 | $430 | $513 | $563 |
Source: Ownwell