Verdigre, Nebraska Property Taxes
The median property tax rate in Verdigre, NE is 1.23%, 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 $91,555 in Verdigre, the typical annual property tax bill amounts to $1,432, which is below the national median of $2,690. Property taxes in Verdigre are calculated based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. By understanding Verdigre's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're located in the heart of Verdigre or another part of Knox County, having a thorough understanding of the local property tax system is invaluable.
Last Updated June 14, 2024
Verdigre, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$1,126
Ownwell’s Verdigre Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Verdigre with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Verdigre 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 Verdigre, Nebraska
Property taxes in Verdigre, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Verdigre is 1.23%, higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Verdigre set these rates annually, and they can vary significantly across different neighborhoods. Each year, Verdigre 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 Verdigre's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68783 zip code has the highest median property tax rate of 1.23%, while the same zip code has the lowest median tax rate of 1.23%. Understanding how these cities compare with Verdigre provides valuable insights into the varying tax landscape across Knox County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Verdigre Tax Rate
1.23%
Average Knox County Tax Rate
1.28%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Verdigre, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68783 | 1.05% | 1.19% | 1.23% | 1.88% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Verdigre, Nebraska
In Verdigre, 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 Knox 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 Verdigre, 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 Verdigre helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 68783 has both the highest and lowest median tax bill at $1,432, which is significantly lower than the national median property tax rate of 0.99%.
Average Verdigre Assessed Value
$91,555
Average Knox County Assessed Value
$96,140
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Verdigre, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68783 | $22,081 | $46,380 | $91,555 | $236,580 | $427,002 |
Source: Ownwell
Property Tax Bills Across Verdigre, Nebraska
In Verdigre, located in Knox County, NE, property tax bills are calculated based on the assessed value of the home and the local tax rate. The median home price in Verdigre is $91,555, and property tax rates are applied to this assessed value to determine the annual tax bill. Factors such as property improvements, market conditions, and neighborhood values can influence the assessed value, which in turn affects the tax bill. Homeowners in Verdigre experience a range of tax bills. At the 25th percentile, the tax bill is around $678, while at the 75th percentile, it rises to $2,942. For those at the 90th percentile, the tax bill can reach up to $5,169. The highest and lowest median tax bills in Verdigre are both $1,432, indicating some consistency in tax assessments within the area. Compared to the national median property tax rate of 0.99%, Verdigre's tax rates can vary significantly, impacting homeowners differently based on their property's assessed value and specific circumstances.
Average Verdigre Tax Bill
$1,432
Average Knox County Tax Bill
$1,362
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Verdigre, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68783 | $173 | $678 | $1,432 | $2,942 | $5,169 |
Source: Ownwell