Roseland, Nebraska Property Taxes
The median property tax rate in Roseland, NE is 1.44%, which is significantly higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $136,069 in Roseland, the typical annual property tax bill amounts to $1,829, which is below the national median of $2,690. Property taxes in Roseland are determined based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Roseland's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Roseland or another part of Adams County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Roseland, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.44%
Estimate Property Tax Bill
$1,959
$1,818
Ownwell’s Roseland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roseland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roseland 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 Roseland, Nebraska
Property taxes in Roseland, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roseland is 1.44%, significantly higher than the U.S. national median of 0.99%. Local government entities within Roseland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roseland 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 Roseland's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68973 zip code has the highest median property tax rate of 1.44%, while the same zip code also has the lowest median tax rate of 1.44%. Understanding how these cities compare with Roseland 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 Roseland Tax Rate
1.44%
Average Adams County Tax Rate
2.25%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roseland, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68973 | 1.09% | 1.11% | 1.44% | 1.44% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Roseland, Nebraska
In Roseland, 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 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 Roseland, 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 Roseland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Roseland is $136,069, with tax bills ranging from $1,165 at the 25th percentile to $2,989 at the 75th percentile. The highest median tax bill is $1,829 in the 68973 zip code, which also has the lowest median tax bill.
Average Roseland Assessed Value
$136,069
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 Roseland, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68973 | $44,782 | $87,902 | $136,069 | $234,598 | $630,645 |
Source: Ownwell
Property Tax Bills Across Roseland, Nebraska
In Roseland, property tax bills are calculated based on the assessed value of the home, which is determined by the Adams County tax assessor. The assessed value is a percentage of the market value of the property. Various factors such as the size of the property, its location, and any improvements made to it are taken into account when determining this value. The local tax rate is then applied to the assessed value to calculate the annual tax bill. For homeowners in Roseland, the median home price is $136,069. Property tax bills can vary significantly, with the 25th percentile at $1,165 and the 75th percentile at $2,989. At the higher end, the 90th percentile tax bill reaches $7,832. Compared to the national median property tax rate of 0.99%, these figures highlight the range of potential tax burdens homeowners might face. Understanding these components can help homeowners better anticipate their property tax responsibilities and plan accordingly.
Average Roseland Tax Bill
$1,829
Average Adams County Tax Bill
$2,530
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Roseland, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68973 | $456 | $1,165 | $1,829 | $2,989 | $7,832 |
Source: Ownwell