Hildreth, Nebraska Property Taxes
The median property tax rate in Hildreth, NE is 1.07%, 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 Hildreth at $459,105, the typical annual property tax bill reaches $5,349, significantly surpassing the national median of $2,690. Property taxes in Hildreth 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 Hildreth'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 Hildreth 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
Hildreth, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$4,912
Ownwell’s Hildreth Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hildreth with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hildreth 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 Hildreth, Nebraska
Property taxes in Hildreth, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hildreth is 1.07%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Hildreth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hildreth 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 Hildreth's effective property tax rate to other areas in Nebraska and the national median. For comparison, the zip code 68947 has the highest median property tax rate of 1.07%, while the same zip code also has the lowest median tax rate of 1.07%. Understanding how these figures compare with Hildreth provides valuable insights into the varying tax landscape across Kearney County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hildreth Tax Rate
1.07%
Average Kearney County Tax Rate
1.71%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hildreth, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68947 | 1.06% | 1.06% | 1.07% | 1.08% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Hildreth, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hildreth, Nebraska. 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 Kearney 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. Assessment notices in Hildreth 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Hildreth, the highest median tax bill is $5,349 in zip code 68947, which also has the lowest median tax bill. The national median property tax rate stands at 0.99%, providing a benchmark for comparison.
Average Hildreth Assessed Value
$459,105
Average Kearney County Assessed Value
$148,680
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hildreth, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68947 | $208,048 | $239,946 | $459,105 | $874,090 | $972,381 |
Source: Ownwell
Property Tax Bills Across Hildreth, Nebraska
In Hildreth, located in Kearney County, NE, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. This assessed value is then multiplied by the local property tax rate to calculate the annual tax bill. For example, homeowners in Hildreth with a median home price of $459,105 can expect their tax bills to vary significantly. At the 25th percentile, tax bills are around $2,896, while at the 75th percentile, they climb to $8,799. The highest median tax bill in the area is $5,349, aligning with the national median property tax rate of 0.99%. These property taxes fund essential services such as public education, infrastructure, and emergency services, directly impacting the quality of life in the community. Homeowners should be aware of these factors as they significantly influence their annual financial planning and the overall affordability of their property.
Average Hildreth Tax Bill
$5,349
Average Kearney County Tax Bill
$2,442
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Hildreth, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68947 | $2,246 | $2,896 | $5,349 | $8,799 | $10,323 |
Source: Ownwell