Whitman, Nebraska Property Taxes
The median property tax rate in Whitman, NE is 1.09%, slightly higher than the national median of 0.99% but lower than Nebraska’s state median of 1.75%. With the median home value in Whitman at $386,805, the typical annual property tax bill reaches $4,216, surpassing the national median of $2,690. Property taxes in Whitman are based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Navigating Whitman'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 Whitman 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
Whitman, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$4,216
$3,912
Ownwell’s Whitman Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Whitman. By simply entering your property's estimated assessed value, the calculator efficiently applies the median tax rate in Whitman to provide an accurate estimate of your property tax bill. This user-friendly tool offers a clear understanding of potential tax liabilities, helping you make informed decisions. For those interested in more detailed insights, you can explore trends on a neighborhood level by scrolling down for localized information. Your property’s assessed value, determined by the county, is essential for these calculations and considers any applicable exemptions.
Property Tax Rates Across Whitman, Nebraska
Property taxes in Whitman, Nebraska, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Whitman is 1.09%, which is higher than the U.S. national median of 0.99%. Local government entities within Whitman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whitman 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 Whitman's effective property tax rate to other areas in Nebraska and the national median. For comparison, the zip code 69366 has both the highest and lowest median property tax rate of 1.09%. Understanding how these areas compare with Whitman 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 Whitman 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 Whitman, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69366 | 1.09% | 1.09% | 1.09% | 1.09% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Whitman, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Whitman, Nebraska. 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 Whitman, 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. For instance, the highest median tax bill in Whitman is $4,216 in zip code 69366, while the lowest median tax bill is also $4,216 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Whitman Assessed Value
$386,805
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 Whitman, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69366 | $349,749 | $355,157 | $386,805 | $416,605 | $418,688 |
Source: Ownwell
Property Tax Bills Across Whitman, Nebraska
In Whitman, located in Arthur County, NE, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is a percentage of the property's market value. The median home price in Whitman is $386,805. To calculate the tax bill, the assessed value is multiplied by the local tax rate. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Whitman, the 25th percentile tax bill is $3,877, while the 75th percentile tax bill is $4,532, and the 90th percentile tax bill reaches up to $4,560. These figures show a range of potential tax bills, reflecting variations in property values and assessments. Compared to the national median property tax rate of 0.99%, Whitman's property taxes can be relatively high. Understanding these factors helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Whitman Tax Bill
$4,216
Average Arthur County Tax Bill
$1,104
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Whitman, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69366 | $3,808 | $3,877 | $4,216 | $4,532 | $4,560 |
Source: Ownwell