Ulysses, Nebraska Property Taxes
The median property tax rate in Ulysses, NE is 1.21%, slightly higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in Ulysses at $714,870, the typical annual property tax bill reaches $7,184, far exceeding the national median of $2,690. Property taxes in Ulysses are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ulysses' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Ulysses 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
Ulysses, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$8,650
Ownwell’s Ulysses Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ulysses with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ulysses 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 Ulysses, Nebraska
Property taxes in Ulysses, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ulysses is 1.25%, higher than both the Nebraska state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Ulysses set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ulysses 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 Ulysses's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68669 zip code has the highest median property tax rate of 1.25%, while the 68669 zip code has the lowest median tax rate of 1.25%. Understanding how these cities compare with Ulysses provides valuable insights into the varying tax landscape across Seward County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ulysses Tax Rate
1.21%
Average Seward County Tax Rate
1.59%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ulysses, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68669 | 0.94% | 0.95% | 1.21% | 1.29% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Ulysses, Nebraska
In Ulysses, 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 Seward 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 Ulysses, 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 Ulysses helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Seward County is $7,184 in the zip code 68669.
Average Ulysses Assessed Value
$714,870
Average Seward County Assessed Value
$185,126
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ulysses, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68669 | $203,596 | $286,744 | $714,870 | $1,186,807 | $1,394,899 |
Source: Ownwell
Property Tax Bills Across Ulysses, Nebraska
In Ulysses, located in Seward County, NE, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the county assessor, who evaluates the property's market value. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, ultimately affecting the tax bill. For homeowners in Ulysses, understanding these factors is crucial as they directly impact their financial obligations. The median home price in Ulysses is $714,870. Property tax bills range significantly, with the 25th percentile paying around $3,746 and the 75th percentile paying up to $12,422. Those in the 90th percentile can see tax bills as high as $17,981. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners to be aware of local rates and assessments to manage their expenses effectively.
Average Ulysses Tax Bill
$7,184
Average Seward County Tax Bill
$2,810
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Ulysses, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68669 | $2,441 | $3,746 | $7,184 | $12,422 | $17,981 |
Source: Ownwell