Imperial, Nebraska Property Taxes
The median property tax rate in Imperial, NE is 1.56%, which is notably higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $132,271 in Imperial, the typical annual property tax bill reaches $1,789, falling below the national median of $2,690. Property taxes in Imperial are calculated based on the assessed value, which often is less than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Imperial'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 Imperial 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
Imperial, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.56%
Estimate Property Tax Bill
$2,063
Ownwell’s Imperial Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Imperial with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Imperial to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available. 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 Imperial, Nebraska
Property taxes in Imperial, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Imperial is 1.56%, significantly higher than the U.S. national median of 0.99%. Local government entities within Imperial set these rates annually, and they can vary significantly across different neighborhoods. Each year, Imperial 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 Imperial's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69045 zip code has the highest median property tax rate of 1.56%, while the 69033 zip code has the lowest median tax rate of 1.56%. Understanding how these cities compare with Imperial 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 Imperial Tax Rate
1.56%
Average Chase County Tax Rate
1.56%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Imperial, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69033 | 0.86% | 1.56% | 1.56% | 1.56% | 1.56% |
| 69045 | 1.56% | 1.56% | 1.56% | 1.56% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Imperial, Nebraska
In Imperial, 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 Imperial, 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 example, the median home price in Imperial is $132,271, with tax bills ranging from $926 at the 25th percentile to $4,685 at the 90th percentile. The highest median tax bill is $1,802 in zip code 69033, while the lowest is $182 in zip code 69045. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Imperial Assessed Value
$132,271
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 Imperial, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69033 | $18,441 | $70,439 | $132,668 | $213,132 | $369,941 |
| 69045 | $11,709 | $11,709 | $11,709 | $11,709 | $11,709 |
Source: Ownwell
Property Tax Bills Across Imperial, Nebraska
In Imperial, located in Chase County, NE, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and reflects a percentage of the market value of the property. Various factors, such as the local tax rate, property type, and any applicable exemptions, influence the final tax bill. Homeowners in Imperial can expect a wide range of property tax bills. The 25th percentile tax bill is $926, while the 75th percentile tax bill reaches $2,868. At the 90th percentile, the tax bill can be as high as $4,685. The highest median tax bill in the area is $1,802, found in zip code 69033, whereas the lowest median tax bill is $182 in zip code 69045. These property taxes significantly impact homeowners by affecting their annual expenses. Compared to the national median property tax rate of 0.99%, the variation in tax bills within Imperial highlights the importance of understanding local property tax calculations and their financial implications.
Average Imperial Tax Bill
$1,789
Average Chase County Tax Bill
$1,428
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Imperial, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69033 | $220 | $931 | $1,802 | $2,873 | $4,689 |
| 69045 | $182 | $182 | $182 | $182 | $182 |
Source: Ownwell