Blue Hill, Nebraska Property Taxes
The median property tax rate in Blue Hill, NE is 1.52%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Blue Hill, the typical annual property tax bill reaches $3,879, exceeding the national median of $2,690. Property taxes in Blue Hill 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 Blue Hill'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 Blue Hill 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
Blue Hill, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.52%
Estimate Property Tax Bill
$4,055
$3,763
Ownwell’s BLUE HILL Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BLUE HILL with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BLUE HILL 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 Blue Hill, Nebraska
Property taxes in Blue Hill, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blue Hill is 1.52%, significantly higher than the U.S. national median of 0.99%. Local government entities within Blue Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blue Hill 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 Blue Hill's effective property tax rate to other regions in Nebraska and the national median. For comparison, the zip code 68930 has the highest median property tax rate of 1.52%, while the same zip code also has the lowest median tax rate of 1.52%. Understanding how these cities compare with Blue Hill provides valuable insights into the varying tax landscape across Adams County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blue Hill Tax Rate
1.52%
Average Adams County Tax Rate
2.25%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blue Hill, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68930 | 1.23% | 1.36% | 1.52% | 1.53% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Blue Hill, Nebraska
In Blue Hill, 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 Adams 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 Blue Hill, 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. The median home price in Blue Hill is $266,782, with tax bills ranging significantly. For example, the 25th percentile tax bill is $2,368, while the 75th percentile tax bill is $6,882, and the 90th percentile tax bill goes up to $13,792. The highest and lowest median tax bills, both $3,879, are found in the 68930 zip code. 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 Blue Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Blue Hill Assessed Value
$266,782
Average Adams County Assessed Value
$124,114
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blue Hill, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68930 | $93,871 | $173,996 | $266,782 | $494,310 | $910,412 |
Source: Ownwell
Property Tax Bills Across Blue Hill, Nebraska
In Blue Hill, property tax bills are calculated based on the assessed value of a home and the local tax rate set by Adams County. The assessed value is typically a percentage of the property's market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $266,782, the tax bills can vary widely. Homeowners at the 25th percentile might see tax bills around $2,368, while those at the 75th percentile could face bills as high as $6,882. At the 90th percentile, tax bills can soar to $13,792. Factors such as property size, location, and improvements can significantly impact the assessed value, thereby influencing the tax bill. Compared to the national median property tax rate of 0.99%, the rates in Blue Hill can result in substantial differences in annual costs for homeowners. Understanding these variables is crucial for homeowners to anticipate and manage their property tax obligations effectively.
Average Blue Hill Tax Bill
$3,879
Average Adams County Tax Bill
$2,530
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Blue Hill, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68930 | $1,380 | $2,368 | $3,879 | $6,882 | $13,792 |
Source: Ownwell