Plainview, Nebraska Property Taxes
The median property tax rate in Plainview, NE is 1.00%, slightly above the national median of 0.99% but significantly lower than the Nebraska state median of 1.75%. With a median home value of $395,460 in Plainview, the typical annual property tax bill amounts to $3,897, surpassing the national median of $2,690. Property taxes in Plainview are based on the assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Plainview'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 Plainview or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Plainview, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$3,955
$3,670
Ownwell’s Plainview Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Plainview with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Plainview 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 Plainview, Nebraska
Property taxes in Plainview, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Plainview is 1.00%, slightly above the U.S. national median of 0.99%. Local government entities within Plainview set these rates annually, and they can vary significantly across different neighborhoods. Each year, Plainview 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 Plainview's effective property tax rate to other areas in Nebraska and the national median. For comparison, the zip code 68769 has both the highest and lowest median property tax rate of 1.00%. Understanding how these areas compare with Plainview 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 Plainview Tax Rate
1.00%
Average Antelope County Tax Rate
1.29%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Plainview, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68769 | 0.98% | 0.99% | 1.00% | 1.00% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Plainview, Nebraska
In Plainview, 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 Plainview, 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. The median home price in Plainview is $395,460, with tax bills ranging from $1,782 at the 25th percentile to $10,992 at the 90th percentile. The zip code 68769 has the highest and lowest median tax bill, both at $3,897. 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 Plainview Assessed Value
$395,460
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 Plainview, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68769 | $74,000 | $187,795 | $395,460 | $811,365 | $1,083,125 |
Source: Ownwell
Property Tax Bills Across Plainview, Nebraska
In Plainview, located in Antelope County, NE, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including the market value of similar properties in the area, the size and condition of the property, and any improvements or renovations made. For homeowners in Plainview, the median home price is $395,460. The annual property tax bill varies significantly, with the 25th percentile at $1,782 and the 75th percentile reaching $8,687. The highest median tax bill in the area is $3,897, which is relatively high compared to the national median property tax rate of 0.99%. This variation in tax bills can significantly impact homeowners, affecting their overall cost of living and financial planning. Understanding how these taxes are calculated helps homeowners anticipate their annual expenses and manage their budgets accordingly.
Average Plainview Tax Bill
$3,897
Average Antelope County Tax Bill
$1,685
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Plainview, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68769 | $664 | $1,782 | $3,897 | $8,687 | $10,992 |
Source: Ownwell