Purdum, Nebraska Property Taxes
The median property tax rate in Purdum, NE is 0.87%, considerably lower than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Purdum at $95,858, the typical annual property tax bill reaches $533, significantly below the national median of $2,690. Property taxes in Purdum are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Purdum'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 Purdum or another part of Thomas County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Purdum, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$834
Ownwell’s Purdum Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Purdum with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Purdum 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 Purdum, Nebraska
Property taxes in Purdum, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Purdum is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within Purdum set these rates annually, and they can vary significantly across different neighborhoods. Each year, Purdum 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 Purdum's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 69157 has the highest median property tax rate of 0.87%, while the same zip code also has the lowest median tax rate of 0.87%. Understanding how these areas compare with Purdum provides valuable insights into the varying tax landscape across Thomas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Purdum Tax Rate
0.87%
Average Thomas County Tax Rate
0.90%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Purdum, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69157 | 0.30% | 0.66% | 0.87% | 0.93% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Purdum, Nebraska
In Purdum, 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 Purdum, 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 Purdum helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Thomas County is $95,858, with the highest median tax bill in zip code 69157 being $533.
Average Purdum Assessed Value
$95,858
Average Thomas County Assessed Value
$63,458
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Purdum, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69157 | $24,490 | $56,090 | $95,858 | $119,888 | $123,156 |
Source: Ownwell
Property Tax Bills Across Purdum, Nebraska
In Purdum, located in Thomas County, NE, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Purdum experience a range of property tax bills, with the 25th percentile paying approximately $46 and the 75th percentile paying around $1,036 annually. The highest median tax bill in the area is $533, which is significantly lower than the national median property tax rate of 0.99%. Several factors influence the property tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. For homeowners, these taxes fund essential local services such as schools, infrastructure, and emergency services. Understanding how property taxes are calculated can help homeowners in Purdum anticipate their annual expenses and plan their finances accordingly.
Average Purdum Tax Bill
$533
Average Thomas County Tax Bill
$669
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Purdum, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69157 | $41 | $46 | $533 | $1,036 | $1,070 |
Source: Ownwell