Clearwater, Nebraska Property Taxes
The median property tax rate in Clearwater, NE is 1.29%, which is considerably higher than the national median of 0.99% but lower than Nebraska's state median of 1.75%. With the median home value in Clearwater at $125,028, the typical annual property tax bill reaches $1,776, still below the national median of $2,690. Property taxes in Clearwater 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 Clearwater'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 Clearwater or another part of Antelope County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clearwater, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$1,613
$1,497
Ownwell’s Clearwater Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clearwater with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clearwater 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 Clearwater, Nebraska
Property taxes in Clearwater, Nebraska, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clearwater is 1.29%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Clearwater set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clearwater 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 Clearwater's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68726 zip code has the highest median property tax rate of 1.29%, while the same zip code also has the lowest median tax rate of 1.29%. Understanding how these cities compare with Clearwater provides valuable insights into the varying tax landscape across Antelope County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clearwater Tax Rate
1.29%
Average Antelope County Tax Rate
1.29%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clearwater, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68726 | 1.05% | 1.06% | 1.29% | 1.55% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Clearwater, Nebraska
In Clearwater, 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 Antelope 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 Clearwater, 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 Clearwater helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 68726 has both the highest and lowest median tax bill, valued at $1,776.
Average Clearwater Assessed Value
$125,028
Average Antelope County Assessed Value
$117,295
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clearwater, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68726 | $21,248 | $51,534 | $125,028 | $335,981 | $790,560 |
Source: Ownwell
Property Tax Bills Across Clearwater, Nebraska
In Clearwater, property tax bills are determined based on the assessed value of a home and the local tax rate set by Antelope County. The assessed value is a percentage of the market value of the property, which is determined by local assessors. Homeowners in Clearwater face a property tax rate that can significantly impact their annual expenses. For instance, the median home price in Clearwater is $125,028, and property tax bills can vary widely. The 25th percentile tax bill is $824, while the 75th percentile tax bill reaches $3,775. At the higher end, the 90th percentile tax bill can be as much as $8,894. These variations in tax bills reflect differences in property values and local tax rates within the county. Compared to the national median property tax rate of 0.99%, Clearwater's property tax rates can be relatively high, affecting homeowners' budgets. Understanding these factors is crucial for homeowners to anticipate their financial obligations and plan accordingly.
Average Clearwater Tax Bill
$1,776
Average Antelope County Tax Bill
$1,685
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Clearwater, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68726 | $313 | $824 | $1,776 | $3,775 | $8,894 |
Source: Ownwell