Orchard, Nebraska Property Taxes
The median property tax rate in Orchard, Nebraska is 1.60%, which is considerably higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in Orchard at $75,435, the typical annual property tax bill reaches $1,100, which is below the national median of $2,690. Property taxes in Orchard 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 Orchard'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 Orchard 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
Orchard, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.6%
Estimate Property Tax Bill
$1,207
$1,120
Ownwell’s Orchard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Orchard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Orchard 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 Orchard, Nebraska
Property taxes in Orchard, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Orchard is 1.60%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Orchard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Orchard 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 Orchard's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68764 zip code has both the highest and lowest median property tax rate of 1.60%. Understanding how these cities compare with Orchard 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 Orchard Tax Rate
1.60%
Average Antelope County Tax Rate
1.29%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Orchard, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68764 | 1.05% | 1.06% | 1.60% | 1.60% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Orchard, Nebraska
In Orchard, 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 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 Orchard, 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. For instance, the median home price in Orchard is $75,435, and tax bills can range significantly. The tax bill at the 25th percentile is $478, while at the 75th percentile, it reaches $3,205. The highest median tax bill is $1,100 in zip code 68764, which is also the lowest. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Orchard Assessed Value
$75,435
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 Orchard, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68764 | $15,038 | $33,240 | $75,435 | $263,450 | $745,978 |
Source: Ownwell
Property Tax Bills Across Orchard, Nebraska
In Orchard, Antelope County, NE, property tax bills are calculated based on the assessed value of a home, which is often a percentage of its market value. The median home price in Orchard is $75,435. Property taxes are then determined by multiplying the assessed value by the local tax rate, which can vary depending on the county and municipal budgets. For homeowners in Orchard, the tax bills can range significantly. For instance, the 25th percentile tax bill is $478, while the 75th percentile tax bill is $3,205, and the 90th percentile tax bill can reach up to $8,068. These variations reflect differences in property values and local tax rates. Compared to the national median property tax rate of 0.99%, Orchard's tax bills highlight the variance within the region. This system ensures that homeowners contribute to local services like schools, infrastructure, and emergency services, but it also means that higher property values can lead to significantly higher tax bills.
Average Orchard Tax Bill
$1,100
Average Antelope County Tax Bill
$1,685
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Orchard, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68764 | $234 | $478 | $1,100 | $3,205 | $8,068 |
Source: Ownwell