Shubert, Nebraska Property Taxes
The median property tax rate in Shubert, NE is 1.56%, which is significantly higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $30,758 in Shubert, the typical annual property tax bill amounts to $440, well below the national median of $2,690. Property taxes in Shubert are based on the assessed value, which often falls below the market value due to exemptions like those for primary residences and agricultural properties. Understanding Shubert'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 Shubert or elsewhere in Richardson County, comprehending the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Shubert, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.56%
Estimate Property Tax Bill
$480
Ownwell’s Shubert Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Shubert with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shubert 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 Shubert, Nebraska
Property taxes in Shubert, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shubert is 1.56%, significantly higher than the U.S. national median of 0.99%. Local government entities within Shubert set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shubert 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 Shubert's effective property tax rate to other areas in Richardson County and the national median. For comparison, the zip code 68437 has the highest median property tax rate of 1.56%, while the same zip code also has the lowest median tax rate of 1.56%. Understanding how these cities compare with Shubert provides valuable insights into the varying tax landscape across Richardson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Shubert Tax Rate
1.56%
Average Richardson County Tax Rate
1.91%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shubert, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68437 | 1.16% | 1.47% | 1.56% | 1.56% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Shubert, Nebraska
In Shubert, 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 Richardson 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 Shubert, 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 Shubert helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Shubert are both $440, found in the 68437 zip code.
Average Shubert Assessed Value
$30,758
Average Richardson County Assessed Value
$51,575
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Shubert, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68437 | $6,085 | $12,804 | $30,758 | $85,488 | $262,702 |
Source: Ownwell
Property Tax Bills Across Shubert, Nebraska
In Shubert, Richardson County, NE, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. Factors such as the size of the property, location, and any improvements made can influence this assessed value. With a median home price of $30,758, homeowners in Shubert can expect varying tax bills depending on their property's assessed value. For many homeowners, the 25th percentile tax bill is around $179, while those in the 75th percentile might pay approximately $1,280. High-value properties can see tax bills reaching up to $3,782 in the 90th percentile. The highest and lowest median tax bills in the region are both $440, indicating some consistency across different areas within the same zip code. Compared to the national median property tax rate of 0.99%, Shubert's tax rates offer a relatively affordable option for homeowners, impacting their overall cost of living.
Average Shubert Tax Bill
$440
Average Richardson County Tax Bill
$905
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Shubert, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68437 | $81 | $179 | $440 | $1,280 | $3,782 |
Source: Ownwell