Elsie, Nebraska Property Taxes
The median property tax rate in Elsie, NE is 0.86%, which is notably lower than both the national median of 0.99% and the Nebraska state median of 1.75%. With a median home value in Elsie of $87,176, the typical annual property tax bill is approximately $747, significantly below the national median of $2,690. Property taxes in Elsie are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Elsie's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Elsie or another part of Chase County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Elsie, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$750
Ownwell’s Elsie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Elsie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Elsie 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 Elsie, Nebraska
Property taxes in Elsie, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Elsie is 0.86%, lower than the U.S. national median of 0.99%. Local government entities within Elsie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Elsie 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 Elsie's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69134 zip code has the highest median property tax rate of 0.86%, while the 69134 zip code also has the lowest median tax rate of 0.86%. Understanding how these cities compare with Elsie provides valuable insights into the varying tax landscape across Chase County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Elsie Tax Rate
0.86%
Average Chase County Tax Rate
1.56%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elsie, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69134 | 0.85% | 0.85% | 0.86% | 0.86% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Elsie, Nebraska
In Elsie, 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 Chase 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 Elsie, 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 Elsie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 69134 has the highest and lowest median tax bill at $747. With the national median property tax rate at 0.99%, understanding these local nuances can significantly impact your financial planning.
Average Elsie Assessed Value
$87,176
Average Chase County Assessed Value
$109,606
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Elsie, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69134 | $74,222 | $79,080 | $87,176 | $334,525 | $482,934 |
Source: Ownwell
Property Tax Bills Across Elsie, Nebraska
In Elsie, property tax bills are calculated based on the assessed value of a home, which is determined by the Chase County assessor’s office. The median home price in Elsie is $87,176. Property taxes are then calculated by applying the local tax rate to this assessed value. Factors such as property location, improvements, and market conditions can influence the assessed value. Homeowners in Elsie can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $678, while those in the 75th percentile see bills closer to $2,825. At the higher end, the 90th percentile tax bill reaches approximately $4,071. The median property tax rate in Elsie is notably lower than the national median of 0.99%, making it relatively affordable for homeowners. However, the variation in tax bills can impact household budgets, especially for those with homes assessed at higher values.
Average Elsie Tax Bill
$747
Average Chase County Tax Bill
$1,428
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Elsie, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69134 | $636 | $678 | $747 | $2,825 | $4,071 |
Source: Ownwell