Belden, Nebraska Property Taxes
The median property tax rate in Belden, NE is 1.26%, which is higher than the national median of 0.99% but lower than Nebraska's state median of 1.75%. With a median home value of $66,365 in Belden, the typical annual property tax bill is approximately $870, which is below the national median of $2,690. Property taxes in Belden are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Belden'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 Belden or another part of Cedar County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Belden, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$836
Ownwell’s Belden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Belden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belden 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 Belden, Nebraska
Property taxes in Belden, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Belden is 1.26%, significantly higher than the U.S. national median of 0.99%. Local government entities within Belden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belden 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 Belden's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68717 zip code has the highest median property tax rate of 1.26%, while the same zip code also has the lowest median tax rate of 1.26%. Understanding how these cities compare with Belden provides valuable insights into the varying tax landscape across Cedar County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belden Tax Rate
1.26%
Average Cedar County Tax Rate
1.45%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belden, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68717 | 0.80% | 0.81% | 1.26% | 1.26% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Belden, Nebraska
In Belden, 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 Cedar 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 Belden, 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. For instance, the median home price in Belden is $66,365, with tax bills ranging from $366 at the 25th percentile to $4,514 at the 90th percentile. The highest and lowest median tax bills are both $870, found in zip code 68717. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these processes in Belden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Belden Assessed Value
$66,365
Average Cedar County Assessed Value
$117,330
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belden, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68717 | $17,629 | $28,740 | $66,365 | $154,162 | $453,922 |
Source: Ownwell
Property Tax Bills Across Belden, Nebraska
In Belden, Cedar County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the home's market value. For instance, with a median home price of $66,365, the tax bill can vary significantly. Homeowners at the 25th percentile might see a tax bill around $366, while those at the 75th percentile could pay approximately $1,854. The tax bill at the 90th percentile can reach up to $4,514. Several factors influence the assessed value, including the property's size, age, location, and any improvements made. These assessments ensure that property taxes are distributed fairly based on property values. The highest and lowest median tax bills in the area are both $870, highlighting some consistency within certain zip codes. Compared to the national median property tax rate of 0.99%, Belden's property tax rates can be considered moderate, impacting homeowners' annual expenses and overall cost of living.
Average Belden Tax Bill
$870
Average Cedar County Tax Bill
$1,639
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Belden, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68717 | $224 | $366 | $870 | $1,854 | $4,514 |
Source: Ownwell