Arthur, Nebraska Property Taxes
The median property tax rate in Arthur, Nebraska is 1.22%, which is higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $1,941,345 in Arthur, the typical annual property tax bill reaches $23,614, significantly exceeding the national median of $2,690. Property taxes in Arthur are calculated based on the assessed value, which often falls below the market value due to exemptions like those for primary residences and agricultural properties. Understanding Arthur's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Arthur or another part of the city, grasping the local property tax intricacies will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Arthur, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$23,684
Ownwell’s Arthur Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Arthur with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arthur 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 Arthur, Nebraska
Property taxes in Arthur, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arthur is 1.22%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Arthur set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arthur 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 Arthur's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69121 zip code has the highest median property tax rate of 1.22%, while the same zip code also has the lowest median tax rate of 1.22%. Understanding how these cities compare with Arthur provides valuable insights into the varying tax landscape across Keith County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arthur Tax Rate
1.22%
Average Keith County Tax Rate
1.22%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arthur, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69121 | 1.22% | 1.22% | 1.22% | 1.22% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Arthur, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Arthur, 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 Keith 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 Arthur, 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. For instance, the median home price is $1,941,345, and the median tax bill is $23,614, regardless of the zip code. 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 Arthur helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Arthur Assessed Value
$1,941,345
Average Keith County Assessed Value
$113,500
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arthur, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69121 | $1,941,345 | $1,941,345 | $1,941,345 | $1,941,345 | $1,941,345 |
Source: Ownwell
Property Tax Bills Across Arthur, Nebraska
In Arthur, located in Keith County, NE, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value of the property, which is periodically determined by county assessors. For example, with a median home price of $1,941,345, homeowners in Arthur face a median property tax bill of $23,614. This figure is significantly higher than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including property location within the county, any applicable exemptions or deductions, and changes in the local tax rate. High property taxes can impact homeowners by increasing the overall cost of homeownership and potentially affecting property values. For those in Arthur, the consistent tax bill across various percentiles indicates a uniform tax rate application, making it crucial for homeowners to stay informed about their property’s assessed value and any possible tax relief options.
Average Arthur Tax Bill
$23,614
Average Keith County Tax Bill
$1,583
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Arthur, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69121 | $23,614 | $23,614 | $23,614 | $23,614 | $23,614 |
Source: Ownwell