Nelson, Nebraska Property Taxes
The median property tax rate in Nelson, NE is 1.58%, which is considerably higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $37,865 in Nelson, the typical annual property tax bill is around $517, well below the national median of $2,690. Property taxes in Nelson 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. By understanding Nelson's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve significant annual savings. Whether you're in the heart of Nelson or another part of Nuckolls County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nelson, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$598
Ownwell’s Nelson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nelson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nelson 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 Nelson, Nebraska
Property taxes in Nelson, Nebraska, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nelson is 1.58%, significantly higher than the U.S. national median of 0.99%. Local government entities within Nelson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nelson 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 Nelson's effective property tax rate to other areas in Nebraska and the national median. For comparison, the zip code 68961 has the highest median property tax rate of 1.58%, while the same zip code also represents the lowest median tax rate of 1.58%. Understanding how these areas compare with Nelson provides valuable insights into the varying tax landscape across Nuckolls County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Nelson Tax Rate
1.58%
Average Nuckolls County Tax Rate
1.58%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nelson, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68961 | 1.08% | 1.10% | 1.58% | 1.58% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Nelson, Nebraska
In Nelson, 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 Nuckolls 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 Nelson, 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 Nelson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Nelson is $37,865, with tax bills ranging widely. The 25th percentile tax bill is $182, while the 75th percentile tax bill reaches $1,269. The highest median tax bill recorded is $517 in the zip code 68961, which also has the lowest median tax bill of $517.
Average Nelson Assessed Value
$37,865
Average Nuckolls County Assessed Value
$44,235
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nelson, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68961 | $3,548 | $13,130 | $37,865 | $90,810 | $299,459 |
Source: Ownwell
Property Tax Bills Across Nelson, Nebraska
In Nelson, Nuckolls County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is a percentage of the property's market value, reflecting the current real estate market conditions. Property tax rates in Nelson are applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the home's size, location, and any improvements made. Homeowners in Nelson experience varying tax bills, with the 25th percentile paying around $182 annually and the 75th percentile facing bills up to $1,269. The highest tax bills, such as those in the 90th percentile, can reach $3,379. These property taxes significantly impact homeowners by contributing to local services like schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Nelson's property taxes are relatively modest, making it an attractive location for homeowners seeking affordability.
Average Nelson Tax Bill
$517
Average Nuckolls County Tax Bill
$697
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Nelson, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68961 | $42 | $182 | $517 | $1,269 | $3,379 |
Source: Ownwell