Arthur, Nebraska Property Taxes
The median property tax rate in Arthur, NE is 1.10%, slightly higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in Arthur, the typical annual property tax bill reaches $867, well below the national median of $2,690. Property taxes in Arthur 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 Arthur'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 Arthur 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
Arthur, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$805
$747
Ownwell’s Arthur Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arthur with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arthur 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 Arthur, Nebraska
Property taxes in Arthur, Nebraska, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Arthur is 1.10%, significantly higher than the U.S. national median of 0.99%. Local government entities within Arthur set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arthur 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 Arthur's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69121 zip code has the highest median property tax rate of 1.10%, while the same zip code also has the lowest median tax rate of 1.10%. Understanding how these cities compare with Arthur provides valuable insights into the varying tax landscape across Arthur County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arthur Tax Rate
1.10%
Average Arthur County Tax Rate
1.10%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arthur, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69121 | 0.60% | 1.09% | 1.10% | 1.38% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Arthur, Nebraska
In Arthur, 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 local county appraisal office 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 Arthur, 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 Arthur helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code 69121 has both the highest and lowest median tax bill at $867. By comparing this to the national median property tax rate of 0.99%, homeowners in Arthur can better understand their tax obligations and explore potential savings.
Average Arthur Assessed Value
$73,160
Average Arthur County Assessed Value
$98,990
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arthur, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69121 | $15,053 | $30,704 | $73,160 | $317,726 | $484,207 |
Source: Ownwell
Property Tax Bills Across Arthur, Nebraska
In Arthur, located in Arthur County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $73,160, homeowners can expect varying tax bills. Factors such as property location, improvements, and market conditions influence the assessed value. For Arthur, the tax bills range significantly. The 25th percentile tax bill is approximately $324, while the 75th percentile rises to $3,445, and the 90th percentile reaches up to $5,293. These figures highlight the disparity in tax burdens among homeowners. Compared to the national median property tax rate of 0.99%, Arthur's rates reflect local economic conditions and funding needs. Homeowners in Arthur need to be aware of how these factors affect their annual tax obligations, ensuring they are prepared for potential fluctuations in their property tax bills.
Average Arthur Tax Bill
$867
Average Arthur County Tax Bill
$1,104
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Arthur, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69121 | $91 | $324 | $867 | $3,445 | $5,293 |
Source: Ownwell