Glenvil, Nebraska Property Taxes
The median property tax rate in Glenvil, NE is 1.26%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Glenvil at $211,880, the typical annual property tax bill reaches $2,758, exceeding the national median of $2,690. Property taxes in Glenvil 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 Glenvil'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 Glenvil or another part of Adams County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Glenvil, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$2,670
$2,477
Ownwell’s Glenvil Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glenvil with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glenvil 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 Glenvil, Nebraska
Property taxes in Glenvil, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glenvil is 1.26%, significantly higher than the U.S. national median of 0.99%. Local government entities within Glenvil set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glenvil 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 Glenvil's effective property tax rate to other areas and the national median. For comparison, the zip code 68941 has both the highest and lowest median property tax rate of 1.26%. Understanding how these areas compare with Glenvil 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 Glenvil Tax Rate
1.26%
Average Adams County Tax Rate
2.25%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glenvil, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68941 | 1.25% | 1.26% | 1.26% | 1.29% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Glenvil, Nebraska
In Glenvil, 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 Glenvil, 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 Glenvil helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Glenvil is $211,880, with tax bills ranging from $1,088 at the 25th percentile to $10,875 at the 90th percentile. The zip code 68941 has the highest and lowest median tax bill at $2,758.
Average Glenvil Assessed Value
$211,880
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 Glenvil, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68941 | $35,890 | $84,588 | $211,880 | $462,197 | $872,247 |
Source: Ownwell
Property Tax Bills Across Glenvil, Nebraska
In Glenvil, located in Adams County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The median home price in Glenvil is $211,880. To determine the tax bill, the assessed value is multiplied by the local tax rate. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. Homeowners in Glenvil can expect a wide range of tax bills. For instance, the 25th percentile tax bill is $1,088, while the 75th percentile tax bill rises to $6,176. At the 90th percentile, the tax bill can reach up to $10,875. These variations highlight how different property characteristics and valuations can significantly affect the amount homeowners owe. Compared to the national median property tax rate of 0.99%, Glenvil's property taxes can be relatively high, especially for homes with higher assessed values, adding a substantial financial consideration for residents.
Average Glenvil Tax Bill
$2,758
Average Adams County Tax Bill
$2,530
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Glenvil, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68941 | $327 | $1,088 | $2,758 | $6,176 | $10,875 |
Source: Ownwell