Stanton, Nebraska Property Taxes
The median property tax rate in Stanton, NE is 1.74%, which is considerably higher than the national median of 0.99% but slightly below Nebraska's state median of 1.75%. With the median home value in Stanton, the typical annual property tax bill reaches $154, significantly lower than the national median of $2,690. Property taxes in Stanton are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Stanton'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 Stanton 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
Stanton, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.74%
Estimate Property Tax Bill
$154
Ownwell's Stanton Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and prospective buyers to estimate their annual property taxes in Stanton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stanton to predict your property tax bill. This user-friendly tool provides a clear understanding of potential tax liabilities, helping you make informed financial decisions. For those interested in more detailed insights, you can scroll down to explore localized trends on a neighborhood level. Your property's assessed value, determined by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Stanton, Nebraska
Property taxes in Stanton, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stanton is 1.74%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Stanton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stanton 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 Stanton's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68779 has the highest median property tax rate of 1.74%, while the same zip code also has the lowest median tax rate of 1.74%. Understanding how these rates compare with Stanton provides valuable insights into the varying tax landscape across Madison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stanton Tax Rate
1.74%
Average Madison County Tax Rate
1.88%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stanton, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68779 | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Stanton, Nebraska
In Stanton, 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 local 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 Stanton, 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 Stanton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Stanton are both $154, found in the zip code 68779.
Average Stanton Assessed Value
$8,831
Average Madison County Assessed Value
$158,492
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stanton, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68779 | $8,831 | $8,831 | $8,831 | $8,831 | $8,831 |
Source: Ownwell
Property Tax Bills Across Stanton, Nebraska
Property tax bills in Stanton, located in Madison County, Nebraska, are determined based on the assessed value of a property and the local tax rate. The assessed value is a percentage of the market value, which is then multiplied by the tax rate set by local government entities, including schools, municipalities, and other special districts. For homeowners in Stanton, the median home price is $8,831, and the property tax rate is relatively low compared to the national median property tax rate of 0.99%. The tax bills in Stanton show minimal variation, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $154. This consistency indicates a stable tax environment for homeowners, ensuring predictability in annual financial planning. Homeowners benefit from this stability, as it allows for more accurate budgeting and financial forecasting. Moreover, the relatively low property tax burden in Stanton can make homeownership more affordable, potentially attracting new residents and fostering community growth.
Average Stanton Tax Bill
$154
Average Madison County Tax Bill
$2,934
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Stanton, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68779 | $154 | $154 | $154 | $154 | $154 |
Source: Ownwell