Ulysses, Nebraska Property Taxes
The median property tax rate in Ulysses, Nebraska is 1.14%, slightly higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $103,065 in Ulysses, the typical annual property tax bill amounts to $1,410, which is below the national median of $2,690. Property taxes in Ulysses 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 Ulysses' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Ulysses 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
Ulysses, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$1,175
$1,090
Ownwell’s Ulysses Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Ulysses. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Ulysses to provide an accurate estimate of your property tax bill. This user-friendly tool helps you grasp potential tax liabilities effortlessly. For those interested in more granular data, you can explore neighborhood-level trends by scrolling down. Keep in mind, your property’s assessed value is determined by the county and includes any applicable exemptions, ensuring you have a clear understanding of your tax obligations.
Property Tax Rates Across Ulysses, Nebraska
Property taxes in Ulysses, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ulysses is 1.14%, which is higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Ulysses set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ulysses 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 Ulysses's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68669 zip code has the highest median property tax rate of 1.14%, while the 68669 zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with Ulysses provides valuable insights into the varying tax landscape across Butler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ulysses Tax Rate
1.14%
Average Butler County Tax Rate
1.49%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ulysses, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68669 | 0.94% | 1.07% | 1.14% | 1.55% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Ulysses, Nebraska
In Ulysses, 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 Butler 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 Ulysses, 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 Ulysses helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Ulysses is $103,065, with the highest and lowest median tax bills in zip code 68669, both at $1,410.
Average Ulysses Assessed Value
$103,065
Average Butler County Assessed Value
$140,672
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ulysses, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68669 | $6,967 | $29,110 | $103,065 | $291,875 | $841,496 |
Source: Ownwell
Property Tax Bills Across Ulysses, Nebraska
Property tax bills in Ulysses, located in Butler County, Nebraska, 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, reflecting the property's worth as determined by county assessors. Factors such as property size, location, and improvements can influence this assessed value. For homeowners in Ulysses, the median home price is $103,065. The property tax rate in Butler County aligns with the national median of 0.99%. This means homeowners can expect varying tax bills depending on their property’s assessed value. For example, tax bills in the 25th percentile are around $345, while those in the 75th percentile can reach $3,337. At the 90th percentile, tax bills can soar to $8,810. Understanding these factors helps homeowners anticipate their annual property tax obligations, ensuring they can budget accordingly and avoid unexpected financial burdens.
Average Ulysses Tax Bill
$1,410
Average Butler County Tax Bill
$1,858
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Ulysses, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68669 | $91 | $345 | $1,410 | $3,337 | $8,810 |
Source: Ownwell