Arcadia, Nebraska Property Taxes
The median property tax rate in Arcadia, NE is 1.13%, slightly above the national median of 0.99% but lower than Nebraska's state median of 1.75%. With the median home value in Arcadia, the typical annual property tax bill reaches $5,557, significantly higher than the national median of $2,690. Property taxes in Arcadia are calculated based on the assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Arcadia'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 Arcadia or another part of Sherman County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Arcadia, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$4,853
Ownwell’s Arcadia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arcadia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arcadia 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 Arcadia, Nebraska
Property taxes in Arcadia, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arcadia is 1.13%, significantly higher than the U.S. national median of 0.99%. Local government entities within Arcadia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arcadia 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 Arcadia's effective property tax rate to other areas in Sherman County and the national median. For comparison, the zip code 68815 has the highest median property tax rate of 1.13%, while the same zip code also has the lowest median tax rate of 1.13%. Understanding how these areas compare with Arcadia provides valuable insights into the varying tax landscape across Sherman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arcadia Tax Rate
1.13%
Average Sherman County Tax Rate
1.30%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arcadia, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68815 | 1.11% | 1.12% | 1.13% | 1.52% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Arcadia, Nebraska
In Arcadia, 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 Sherman 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 Arcadia, 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. For example, the median home price in Arcadia is $429,502, with property tax bills ranging from $2,268 at the 25th percentile to $10,786 at the 90th percentile. The highest and lowest median tax bills in the area are both $5,557, found in zip code 68815. By understanding these valuation concepts, property owners can better navigate their tax responsibilities, identify opportunities for protesting assessments, or apply for exemptions to effectively manage the tax burden.
Average Arcadia Assessed Value
$429,502
Average Sherman County Assessed Value
$99,345
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arcadia, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68815 | $107,306 | $166,385 | $429,502 | $615,215 | $835,659 |
Source: Ownwell
Property Tax Bills Across Arcadia, Nebraska
In Arcadia, located in Sherman County, NE, property tax bills are calculated based on the assessed value of the property, which is determined by local assessors. The assessed value is a percentage of the market value of the home. Various factors, including property size, location, and improvements, influence this assessed value. Homeowners in Arcadia can expect their tax bills to vary significantly, with the 25th percentile tax bill around $2,268 and the 75th percentile reaching up to $8,339. The 90th percentile tax bill can climb as high as $10,786. The median home price in Arcadia stands at $429,502, which plays a crucial role in the calculation of property taxes. Compared to the national median property tax rate of 0.99%, the property tax rates in Arcadia reflect the local economic conditions and funding needs of the community. These taxes are essential for funding public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners in Arcadia.
Average Arcadia Tax Bill
$5,557
Average Sherman County Tax Bill
$1,395
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Arcadia, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68815 | $1,463 | $2,268 | $5,557 | $8,339 | $10,786 |
Source: Ownwell