Coleridge, Nebraska Property Taxes
The median property tax rate in Coleridge, NE is 2.10%, significantly higher than both the national median of 0.99% and Nebraska's state median of 1.75%. With a median home value in Coleridge of $65,615, the typical annual property tax bill reaches $1,280, which is below the national median of $2,690. Property taxes in Coleridge are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Coleridge'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 Coleridge 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
Coleridge, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.1%
Estimate Property Tax Bill
$1,378
Ownwell’s Coleridge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coleridge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coleridge 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 Coleridge, Nebraska
Property taxes in Coleridge, Nebraska, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Coleridge is 2.10%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Coleridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coleridge 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 Coleridge's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68727 zip code has the highest median property tax rate of 2.10%, while the same zip code also has the lowest median tax rate of 2.10%. Understanding how these cities compare with Coleridge 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 Coleridge Tax Rate
2.10%
Average Cedar County Tax Rate
1.45%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coleridge, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68727 | 1.17% | 1.19% | 2.10% | 2.10% | 2.10% |
Source: Ownwell
Property Tax Assessment Values Across Coleridge, Nebraska
In Coleridge, 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 Coleridge, 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 Coleridge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest median tax bill is 68727, with a value of $1,280, while the lowest median tax bill is also in the same zip code.
Average Coleridge Assessed Value
$65,615
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 Coleridge, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68727 | $12,588 | $27,694 | $65,615 | $153,432 | $618,490 |
Source: Ownwell
Property Tax Bills Across Coleridge, Nebraska
In Coleridge, Cedar County, NE, property tax bills are calculated based on the assessed value of a property. The assessed value is a percentage of the property's market value as determined by the local assessor's office. This value is then multiplied by the local tax rate to determine the tax bill. For instance, with a median home price of $65,615, homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rate applied. Factors such as property location, size, and condition significantly influence the assessed value. Additionally, local government budgets and funding needs for public services like schools and infrastructure play a crucial role in setting tax rates. Homeowners in Coleridge might see tax bills ranging from the 25th percentile at $538 to the 75th percentile at $2,426, with some reaching as high as $7,733 at the 90th percentile. These property taxes directly impact homeowners by contributing to the overall cost of homeownership and influencing decisions on property investment and maintenance.
Average Coleridge Tax Bill
$1,280
Average Cedar County Tax Bill
$1,639
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Coleridge, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68727 | $243 | $538 | $1,280 | $2,426 | $7,733 |
Source: Ownwell