Belgrade, Nebraska Property Taxes
The median property tax rate in Belgrade, Nebraska is 0.75%, which is lower than both the national median of 0.99% and the Nebraska state median of 1.75%. With a median home value of $306,622 in Belgrade, the typical annual property tax bill amounts to $2,315, falling below the national median of $2,690. Property taxes in Belgrade are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Belgrade'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 Belgrade or another part of Boone County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Belgrade, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$2,300
$2,134
Ownwell’s Belgrade Property Tax Bill Calculator offers a convenient way for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Belgrade. By simply entering your property's estimated assessed value, the calculator utilizes the median tax rate in Belgrade to provide an accurate estimate of your property tax bill. This valuable tool helps you gain a clear understanding of potential tax liabilities. For those interested in more granular insights, localized neighborhood trends are available further down the page. Remember, your property’s assessed value is determined by the county for tax purposes and may include applicable exemptions.
Property Tax Rates Across Belgrade, Nebraska
Property taxes in Belgrade, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Belgrade is 0.75%, lower than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Belgrade set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belgrade 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 Belgrade's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68623 has both the highest and lowest median property tax rate of 0.75%. Understanding how these cities compare with Belgrade provides valuable insights into the varying tax landscape across Boone County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belgrade Tax Rate
0.75%
Average Boone County Tax Rate
1.08%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belgrade, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68623 | 0.71% | 0.75% | 0.75% | 0.76% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Belgrade, Nebraska
In Belgrade, 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 Boone 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 Belgrade, 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 Belgrade helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Belgrade is $2,315, found in zip code 68623, which is considerably higher than the national median property tax rate of 0.99%.
Average Belgrade Assessed Value
$306,622
Average Boone County Assessed Value
$170,105
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belgrade, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68623 | $50,258 | $115,482 | $306,622 | $515,140 | $1,002,023 |
Source: Ownwell
Property Tax Bills Across Belgrade, Nebraska
In Belgrade, property tax bills are calculated based on the assessed value of a home and the local tax rate set by Boone County. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. Homeowners in Belgrade can expect a range of tax bills depending on their property's value. For instance, the 25th percentile tax bill is $881, indicating that lower-valued properties incur a relatively modest tax. In contrast, those in the 75th percentile face a tax bill of $3865, while properties in the 90th percentile see taxes as high as $6930. These taxes fund essential public services such as schools, roads, and emergency services, directly impacting the quality of life in the community. Compared to the national median property tax rate of 0.99%, Belgrade's rates can vary, reflecting the specific needs and budgetary requirements of Boone County.
Average Belgrade Tax Bill
$2,315
Average Boone County Tax Bill
$1,754
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Belgrade, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68623 | $395 | $881 | $2,315 | $3,865 | $6,930 |
Source: Ownwell