Alliance, Nebraska Property Taxes
The median property tax rate in Alliance, NE is 1.82%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Alliance, the typical annual property tax bill reaches $1,817, which is below the national median of $2,690. Property taxes in Alliance 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 Alliance'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 Alliance 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
Alliance, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.82%
Estimate Property Tax Bill
$1,857
$1,723
Ownwell’s Alliance Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alliance with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alliance 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 Alliance, Nebraska
Property taxes in Alliance, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alliance is 1.82%, significantly higher than the U.S. national median of 0.99%. Local government entities within Alliance set these rates annually, and they can vary across different neighborhoods. Each year, Alliance 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 Alliance's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69301 ZIP code has the highest median property tax rate of 1.82%, while the same ZIP code also has the lowest median tax rate of 1.82%. Understanding how these cities compare with Alliance provides valuable insights into the varying tax landscape across Box Butte County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alliance Tax Rate
1.82%
Average Box Butte County Tax Rate
1.82%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alliance, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69301 | 1.51% | 1.82% | 1.82% | 1.82% | 1.82% |
Source: Ownwell
Property Tax Assessment Values Across Alliance, Nebraska
In Alliance, 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 Box Butte 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 Alliance, 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 Alliance helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 69301 has the highest and lowest median tax bill, both standing at $1,817.
Average Alliance Assessed Value
$102,019
Average Box Butte County Assessed Value
$103,215
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alliance, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69301 | $23,217 | $59,978 | $102,019 | $154,602 | $218,545 |
Source: Ownwell
Property Tax Bills Across Alliance, Nebraska
In Alliance, located in Box Butte County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The tax rate for the area is applied to this assessed value to determine the final tax bill. Several factors influence this calculation, including the home's market value, any applicable exemptions, and the local tax rate. For example, with a median home price of $102,019, homeowners in Alliance face a range of tax bills. The 25th percentile tax bill is $986, while the 75th percentile reaches $2,762, and the 90th percentile can go up to $3,752. These figures illustrate the variability in tax bills, depending on home value and exemptions. Compared to the national median property tax rate of 0.99%, the tax rate in Alliance can significantly affect homeowners' financial planning. High tax bills can impact disposable income and the overall cost of owning a home, making it crucial for homeowners to understand their property assessments and potential exemptions.
Average Alliance Tax Bill
$1,817
Average Box Butte County Tax Bill
$1,818
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Alliance, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69301 | $335 | $986 | $1,817 | $2,762 | $3,752 |
Source: Ownwell