Sutherland, Nebraska Property Taxes
The median property tax rate in Sutherland, NE is 1.09%, slightly higher than the national median of 0.99% but well below the Nebraska state median of 1.75%. With a median home value of $341,353 in Sutherland, the typical annual property tax bill reaches $3,702, surpassing the national median of $2,690. Property taxes in Sutherland are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Sutherland'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 Sutherland 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
Sutherland, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$3,721
Ownwell’s Sutherland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sutherland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sutherland 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 Sutherland, Nebraska
Property taxes in Sutherland, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sutherland is 1.19%, significantly higher than both the Nebraska state median of 1.61% and the U.S. national median of 0.99%. Local government entities within Sutherland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sutherland 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 Sutherland's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69165 zip code has the highest median property tax rate of 1.19%, while the 69165 zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Sutherland 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 Sutherland Tax Rate
1.09%
Average Arthur County Tax Rate
1.10%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sutherland, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69165 | 1.08% | 1.09% | 1.09% | 1.10% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Sutherland, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Sutherland, NE. 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 Arthur 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 Sutherland, 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 Sutherland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 69165 has the highest median tax bill at $3,702, while the lowest median tax bill is also found in the same zip code.
Average Sutherland Assessed Value
$341,353
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 Sutherland, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69165 | $47,763 | $82,326 | $341,353 | $364,946 | $408,432 |
Source: Ownwell
Property Tax Bills Across Sutherland, Nebraska
In Sutherland, NE, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the market value, which is established by the county assessor. Factors such as property size, location, and improvements influence this assessment. Homeowners in Sutherland see a wide range of tax bills, reflecting the diversity in property values and assessments. For instance, the tax bill at the 25th percentile is around $908, while at the 75th percentile, it climbs to $3,967, and at the 90th percentile, it reaches $4,448. These figures show substantial variation compared to the national median property tax rate of 0.99%. The highest median tax bill in the area is $3,702, found in the 69165 zip code. These tax obligations significantly impact homeowners, influencing their annual budgeting and long-term financial planning. Understanding these factors helps homeowners anticipate their tax responsibilities and manage their finances effectively.
Average Sutherland Tax Bill
$3,702
Average Arthur County Tax Bill
$1,104
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Sutherland, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69165 | $524 | $908 | $3,702 | $3,967 | $4,448 |
Source: Ownwell