Alliance, Nebraska Property Taxes
The median property tax rate in Alliance, NE is 0.97%, slightly below the national median of 0.99% and significantly lower than the Nebraska state median of 1.75%. With a median home value of $123,096, the typical annual property tax bill in Alliance amounts to $1,196, which is far less than the national median of $2,690. Property taxes in Alliance are calculated based on the tax assessed value, which is generally lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Alliance'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 Alliance 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
Alliance, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$1,194
Ownwell’s Alliance Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alliance with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alliance 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 Alliance, Nebraska
Property taxes in Alliance, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alliance is 1.54%, significantly higher than the Nebraska state median of 1.61% and the U.S. national median of 0.99%. Local government entities within Alliance set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alliance 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 Alliance's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69301 zip code has the highest median property tax rate of 1.54%, while the same zip code has the lowest median tax rate of 1.54%. Understanding how these cities compare with Alliance provides valuable insights into the varying tax landscape across Box Butte County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alliance Tax Rate
0.97%
Average Sioux County Tax Rate
1.02%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alliance, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69301 | 0.86% | 0.96% | 0.97% | 0.97% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Alliance, Nebraska
In Alliance, 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 local 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 Alliance, 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 Alliance helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Alliance is $123,096, with the tax bills ranging from $671 at the 25th percentile to $3,065 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 69301, with a median tax bill of $1,196.
Average Alliance Assessed Value
$123,096
Average Sioux County Assessed Value
$127,559
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alliance, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69301 | $57,072 | $69,071 | $123,096 | $287,796 | $353,815 |
Source: Ownwell
Property Tax Bills Across Alliance, Nebraska
In Alliance, located in Sioux County, NE, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. For homeowners in Alliance, the median home price is $123,096. The tax rate is applied to this assessed value to compute the annual property tax bill. Several factors influence the final tax bill, including property characteristics, location, and any applicable exemptions or deductions. Homeowners in Alliance can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $671, while at the 75th percentile, it rises to $2,270, and at the 90th percentile, it can reach up to $3,065. These variations can significantly impact homeowners' finances, making it crucial to understand the factors that contribute to these differences. In comparison, the national median property tax rate is 0.99%, highlighting the importance of local tax rates in determining the overall tax burden.
Average Alliance Tax Bill
$1,196
Average Sioux County Tax Bill
$1,454
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Alliance, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69301 | $556 | $671 | $1,196 | $2,270 | $3,065 |
Source: Ownwell