Oakdale, Nebraska Property Taxes
The median property tax rate in Oakdale, Nebraska is 2.25%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Oakdale, the typical annual property tax bill reaches $574, which is significantly lower than the national median of $2,690. Property taxes in Oakdale 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 Oakdale'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 Oakdale 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
Oakdale, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.25%
Estimate Property Tax Bill
$653
$606
Ownwell’s Oakdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oakdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oakdale 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 Oakdale, Nebraska
Property taxes in Oakdale, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oakdale is 2.25%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Oakdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oakdale 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 Oakdale's effective property tax rate to other areas in Nebraska and the national median. For comparison, the zip code 68761 has both the highest and lowest median property tax rate of 2.25%. Understanding how these cities compare with Oakdale 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 Oakdale Tax Rate
2.25%
Average Antelope County Tax Rate
1.29%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oakdale, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68761 | 0.79% | 1.31% | 2.25% | 2.25% | 2.25% |
Source: Ownwell
Property Tax Assessment Values Across Oakdale, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Oakdale, Nebraska. The market value represents 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 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 Oakdale, 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 Oakdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 68761 in Oakdale has the highest median tax bill of $574.00.
Average Oakdale Assessed Value
$29,015
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 Oakdale, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68761 | $3,797 | $10,718 | $29,015 | $106,341 | $483,047 |
Source: Ownwell
Property Tax Bills Across Oakdale, Nebraska
In Oakdale, located in Antelope County, NE, property tax bills are determined based on the assessed value of a home. The median home price in Oakdale is $29,015, which provides a baseline for calculating property taxes. Local tax authorities assess the value of properties annually, considering factors such as property size, location, and market conditions. Homeowners in Oakdale experience a range of tax bills. For example, the 25th percentile tax bill is $229, while the 75th percentile reaches $1,646. At the 90th percentile, some homeowners face tax bills as high as $5,636. These variations indicate that property taxes can significantly impact household budgets, depending on the assessed value and applicable tax rates. Comparatively, the national median property tax rate is 0.99%, which can be used as a benchmark to understand the relative tax burden in Oakdale. Understanding these factors can help homeowners anticipate their property tax obligations and plan their finances accordingly.
Average Oakdale Tax Bill
$574
Average Antelope County Tax Bill
$1,685
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Oakdale, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68761 | $73 | $229 | $574 | $1,646 | $5,636 |
Source: Ownwell