Tobias, Nebraska Property Taxes
The median property tax rate in Tobias, NE is 1.10%, which is slightly higher than the national median of 0.99% but lower than Nebraska's state median of 1.75%. With the median home value in Tobias, the typical annual property tax bill reaches $1,276, falling below the national median of $2,690. Property taxes in Tobias are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Tobias'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 Tobias or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tobias, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$12,767
Ownwell’s Tobias Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tobias with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tobias 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 Tobias, Nebraska
Property taxes in Tobias, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tobias is 1.10%, notably higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Tobias set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tobias 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 Tobias's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68453 has both the highest and lowest median property tax rate of 1.10%. Understanding how these cities compare with Tobias 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 Tobias Tax Rate
1.10%
Average Jefferson County Tax Rate
1.75%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tobias, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68453 | 1.10% | 1.10% | 1.10% | 1.10% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Tobias, Nebraska
In Tobias, 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 Appraisal District 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 Tobias, 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 Tobias helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 68453, with a tax bill of $12,780.
Average Tobias Assessed Value
$1,160,601
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 Tobias, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68453 | $545,006 | $1,103,478 | $1,160,601 | $1,306,178 | $1,523,548 |
Source: Ownwell
Property Tax Bills Across Tobias, Nebraska
In Tobias, Nebraska, property tax bills are calculated based on the assessed value of a home, which is determined by the Jefferson County Assessor's Office. This assessed value is a percentage of the property's market value, which is periodically reassessed to reflect current market conditions. The tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence a homeowner's tax bill, including the property's location, size, and improvements, as well as local government budgets and services. In Tobias, the median home price is $1,160,601, and property tax bills can vary significantly. For instance, at the 25th percentile, the tax bill is around $12,130, while at the 75th percentile, it rises to $14,385. At the 90th percentile, homeowners may see tax bills as high as $16,782. These property taxes fund essential services such as public schools, emergency services, and infrastructure, directly impacting the quality of life for Tobias residents. Compared to the national median property tax rate of 0.99%, Tobias homeowners face a relatively high tax burden, reflecting the community's investment in public services.
Average Tobias Tax Bill
$12,780
Average Jefferson County Tax Bill
$1,295
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Tobias, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68453 | $6,009 | $12,130 | $12,780 | $14,385 | $16,782 |
Source: Ownwell