Marsland, Nebraska Property Taxes
The median property tax rate in Marsland, NE is 0.95%, slightly below the national median of 0.99% and significantly lower than the Nebraska state median of 1.75%. With the median home value in Marsland at $295,270, the typical annual property tax bill reaches $2,815, which is still higher than the national median of $2,690. Property taxes in Marsland are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, including those for primary residences and agricultural properties. Understanding Marsland'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 Marsland or another part of Sioux County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Marsland, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$2,805
Ownwell’s Marsland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marsland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marsland 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 Marsland, Nebraska
Property taxes in Marsland, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marsland is 0.95%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Marsland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marsland 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 Marsland's effective property tax rate to other areas within Sioux County and the national median. For comparison, the zip code 69354 has both the highest and lowest median property tax rate in Sioux County at 0.95%. Understanding how these areas compare with Marsland provides valuable insights into the varying tax landscape across Sioux County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marsland Tax Rate
0.95%
Average Sioux County Tax Rate
1.02%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marsland, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69354 | 0.95% | 0.95% | 0.95% | 0.96% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Marsland, Nebraska
In Marsland, 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 Sioux 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 Marsland, 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. For instance, the zip code 69354 has the highest median tax bill at $2,815, which is significantly above the national median property tax rate of 0.99%. Being aware of these valuation processes in Marsland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Marsland Assessed Value
$295,270
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 Marsland, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69354 | $141,143 | $217,138 | $295,270 | $636,385 | $696,665 |
Source: Ownwell
Property Tax Bills Across Marsland, Nebraska
In Marsland, property tax bills are calculated based on the assessed value of a home, which is determined by the Sioux County assessor's office. The assessed value is a percentage of the property's market value. Once the assessed value is established, the tax rate, set by local taxing authorities, is applied. This rate can vary depending on the funding needs of local services such as schools, infrastructure, and emergency services. Several factors influence the amount a homeowner will pay in property taxes, including the property's location within the county, its assessed value, and the specific tax rate applied. For example, in Sioux County, the median home price is $295,270, leading to varying tax bills. Homeowners in the 25th percentile pay around $2,060, while those in the 75th percentile face bills of approximately $6,063. At the 90th percentile, the tax bill can reach up to $6,644. These variations significantly impact homeowners, affecting their monthly budgets and long-term financial planning.
Average Marsland Tax Bill
$2,815
Average Sioux County Tax Bill
$1,454
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Marsland, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69354 | $1,341 | $2,060 | $2,815 | $6,063 | $6,644 |
Source: Ownwell