Imperial, Nebraska Property Taxes
The median property tax rate in Imperial, Nebraska is 1.03%, slightly above the national median of 0.99% but notably lower than the Nebraska state median of 1.75%. With the median home value in Imperial at $122,143, the typical annual property tax bill is around $2,785, which is just below the national median of $2,690. Property taxes in Imperial are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Imperial'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 Imperial 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
Imperial, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$1,258
Ownwell’s Imperial Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Imperial with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Imperial 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 Imperial, Nebraska
Property taxes in Imperial, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Imperial is 1.25%, significantly higher than both the Nebraska state median of 1.61% and the U.S. national median of 0.99%. Local government entities within Imperial set these rates annually, and they can vary significantly across different neighborhoods. Each year, Imperial 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 Imperial's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69033 zip code has the highest median property tax rate of 1.25%, while the same zip code also has the lowest median tax rate of 1.25%. Understanding how these cities compare with Imperial provides valuable insights into the varying tax landscape across Chase, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Imperial Tax Rate
1.03%
Average Perkins County Tax Rate
1.33%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Imperial, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69033 | 1.03% | 1.03% | 1.03% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Imperial, Nebraska
In Imperial, 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 Perkins 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 Imperial, 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 Imperial helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code with the highest median tax bill is 69033, amounting to $2785.00.
Average Imperial Assessed Value
$122,143
Average Perkins County Assessed Value
$109,935
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Imperial, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69033 | $102,277 | $119,129 | $122,143 | $417,895 | $420,812 |
Source: Ownwell
Property Tax Bills Across Imperial, Nebraska
In Imperial, property tax bills are calculated based on the assessed value of the home, which is determined by the local tax assessor. The median home price in Imperial is $122,143. The tax rate is then applied to this assessed value to determine the annual property tax bill. For homeowners, the tax bill can vary significantly. For instance, those in the 25th percentile can expect to pay around $1,179 annually, while those in the 75th percentile might see a tax bill closer to $4,314. Factors such as property improvements, neighborhood developments, and market conditions can influence the assessed value, thereby affecting the tax bill. The highest median tax bill in the area is $2,785, found in zip code 69033. Comparatively, this figure aligns closely with the national median property tax rate of 0.99%, indicating a balanced tax environment for homeowners in Imperial. Understanding these factors can help homeowners anticipate and manage their property tax obligations more effectively.
Average Imperial Tax Bill
$2,785
Average Perkins County Tax Bill
$1,412
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Imperial, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69033 | $1,035 | $1,179 | $2,785 | $4,314 | $4,320 |
Source: Ownwell