Thayer County Property Taxes
The median property tax rate in Thayer County is 1.32%, which is notably higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $73,318, the typical annual property tax bill in Thayer County amounts to $919, which is significantly below the national median of $2,690. Property taxes in this county are calculated based on the tax assessed value, often lower than the actual market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Thayer County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial yearly savings. Whether you reside in Hebron or another part of Thayer County, gaining a comprehensive knowledge of local property taxes is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Thayer County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$968
-$10,143
Ownwell’s Thayer County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Thayer County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Thayer County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Thayer County, Nebraska
Property taxes in Thayer County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Thayer County is 1.32%, which is higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Thayer County set these rates annually, and they can vary significantly between different areas within the county. Each year, Thayer County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Thayer County's effective property tax rate with other counties in Nebraska and the national median. For comparison, the city of Chester has one of the higher property tax rates in Nebraska at 1.48%, while the city of Tobias boasts one of the lowest at 0.89%. Analyzing how Thayer County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Thayer County Tax Rate
1.32%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Thayer County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alexandria | 0.80% | 0.90% | 1.32% | 1.32% | 1.32% |
| Belvidere | 0.92% | 0.94% | 1.24% | 1.24% | 1.24% |
| Bruning | 0.71% | 0.72% | 1.02% | 1.02% | 1.02% |
| Byron | 0.92% | 0.94% | 1.31% | 1.34% | 1.34% |
| Carleton | 0.71% | 0.72% | 1.01% | 1.04% | 1.04% |
| Chester | 0.94% | 1.48% | 1.48% | 1.48% | 1.48% |
| Davenport | 0.69% | 0.98% | 1.06% | 1.07% | 1.07% |
| Deshler | 0.98% | 1.38% | 1.38% | 1.38% | 1.38% |
| Gilead | 1.37% | 1.37% | 1.37% | 1.37% | 1.37% |
| Hardy | 0.92% | 0.92% | 0.92% | 1.03% | 1.22% |
| Hebron | 0.93% | 0.94% | 1.44% | 1.44% | 1.44% |
| Hubbell | 0.94% | 0.94% | 1.46% | 1.46% | 1.46% |
| Mahaska | 1.21% | 1.21% | 1.22% | 1.22% | 1.22% |
| Oak | 0.99% | 0.99% | 0.99% | 0.99% | 0.99% |
| Reynolds | 0.69% | 0.89% | 0.96% | 1.07% | 1.22% |
| Ruskin | 0.71% | 0.94% | 0.97% | 0.99% | 0.99% |
| Tobias | 0.88% | 0.88% | 0.89% | 0.89% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Thayer County, Nebraska
In Thayer County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Thayer County Appraisal District. The assessed value, however, 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. Assessment notices in Thayer County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Hardy has the highest median tax bill at $10,985, while Alexandria has the lowest at $269. Being aware of these valuation processes in Thayer County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Thayer County, Nebraska
Source: Ownwell
$27,136
$609,355
$1,191,573
Average Thayer County Assessed Value
$73,318
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Thayer County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alexandria | $1,767 | $8,137 | $27,480 | $77,488 | $404,194 |
| Belvidere | $1,793 | $5,573 | $27,136 | $206,984 | $532,448 |
| Bruning | $17,786 | $48,445 | $95,004 | $163,612 | $374,401 |
| Byron | $8,574 | $25,624 | $67,670 | $331,942 | $622,696 |
| Carleton | $9,243 | $35,348 | $148,758 | $767,717 | $1,072,844 |
| Chester | $4,004 | $10,534 | $30,001 | $68,942 | $248,621 |
| Davenport | $10,920 | $25,034 | $52,629 | $127,503 | $596,684 |
| Deshler | $15,081 | $32,503 | $61,897 | $126,801 | $285,169 |
| Gilead | $5,675 | $6,921 | $32,184 | $44,276 | $50,620 |
| Hardy | $317,134 | $783,842 | $1,191,573 | $1,344,844 | $1,353,524 |
| Hebron | $24,504 | $51,406 | $106,890 | $199,431 | $409,777 |
| Hubbell | $6,542 | $13,260 | $42,273 | $204,928 | $775,546 |
| Mahaska | $175,194 | $197,543 | $210,272 | $485,596 | $980,617 |
| Oak | $83,293 | $83,293 | $83,293 | $83,293 | $83,293 |
| Reynolds | $19,715 | $84,102 | $150,514 | $415,534 | $579,897 |
| Ruskin | $189,645 | $234,140 | $410,025 | $546,199 | $776,246 |
| Tobias | $210,594 | $316,016 | $491,720 | $667,423 | $772,845 |
Source: Ownwell
Property Tax Bills Across Thayer County, Nebraska
In Thayer County, NE, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is a percentage of the market value of the home. The median home price in Thayer County is $73,318, and property tax rates are applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including local tax rates, property exemptions, and any applicable deductions. For instance, the 25th percentile tax bill in Thayer County is $339, while the 75th percentile reaches up to $2,088. At the higher end, the 90th percentile tax bill can go as high as $4,488. These property tax bills can significantly impact homeowners by affecting their annual housing costs. Compared to the national median property tax rate of 0.99%, the rates in Thayer County can vary, influencing the financial planning and budgeting for residents. Understanding these factors can help homeowners better manage their expenses and anticipate future tax obligations.
Average Thayer County Tax Bill
$919
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Thayer County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alexandria | $20 | $78 | $269 | $859 | $3,643 |
| Belvidere | $22 | $45 | $350 | $2,031 | $5,032 |
| Bruning | $174 | $446 | $944 | $1,466 | $2,688 |
| Byron | $96 | $324 | $852 | $3,400 | $6,607 |
| Carleton | $69 | $281 | $1,407 | $6,209 | $9,745 |
| Chester | $50 | $138 | $445 | $1,060 | $2,713 |
| Davenport | $119 | $264 | $571 | $1,404 | $5,050 |
| Deshler | $176 | $433 | $836 | $1,594 | $3,495 |
| Gilead | $76 | $94 | $304 | $611 | $694 |
| Hardy | $2,940 | $7,229 | $10,985 | $12,411 | $12,510 |
| Hebron | $324 | $714 | $1,443 | $2,579 | $4,120 |
| Hubbell | $67 | $154 | $646 | $1,955 | $7,624 |
| Mahaska | $2,131 | $2,402 | $2,557 | $5,890 | $11,881 |
| Oak | $824 | $824 | $824 | $824 | $824 |
| Reynolds | $189 | $384 | $1,383 | $3,685 | $5,316 |
| Ruskin | $1,418 | $1,583 | $4,057 | $5,317 | $7,366 |
| Tobias | $1,872 | $2,795 | $4,333 | $5,871 | $6,794 |
Source: Ownwell