Crookston, Nebraska Property Taxes
The median property tax rate in Crookston, Nebraska is 0.82%, which is significantly lower than both the national median of 0.99% and the Nebraska state median of 1.75%. With a median home value of $47,061 in Crookston, the typical annual property tax bill amounts to $337, well below the national median of $2,690. Property taxes in Crookston are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Crookston'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 Crookston 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
Crookston, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$386
Ownwell’s Crookston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crookston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crookston 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 Crookston, Nebraska
Property taxes in Crookston, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crookston is 1.62%, significantly higher than both the Nebraska state median of 1.61% and the U.S. national median of 0.99%. Local government entities within Crookston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crookston 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 Crookston's effective property tax rate to other counties in Nebraska and the national median. For comparison, the ZIP code 68734 has the highest median property tax rate of 1.62%, while ZIP code 68734 has the lowest median tax rate of 1.62%. Understanding how these cities compare with Crookston provides valuable insights into the varying tax landscape across Cherry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crookston Tax Rate
0.82%
Average Cherry County Tax Rate
0.87%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crookston, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69212 | 0.62% | 0.78% | 0.82% | 0.82% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Crookston, Nebraska
In Crookston, 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 Cherry 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 Crookston, 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 Crookston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $337, found in zip code 69212.
Average Crookston Assessed Value
$47,061
Average Cherry County Assessed Value
$139,100
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Crookston, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69212 | $2,764 | $15,688 | $47,061 | $159,539 | $262,602 |
Source: Ownwell
Property Tax Bills Across Crookston, Nebraska
In Crookston, Cherry County, NE, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and is intended to reflect the market value of the property. Homeowners in Crookston can expect a median property tax bill of $337, which is relatively modest compared to the national median property tax rate of 0.99%. Factors influencing the tax bill include the property's location, size, and any improvements made. For instance, the 25th percentile of tax bills in Crookston is around $118, while the 75th percentile reaches up to $1,095, and the 90th percentile can go as high as $2,083. These variations indicate that more valuable or improved properties incur higher taxes. For homeowners, understanding these factors is crucial as higher property values and enhancements can lead to increased tax liabilities. However, the relatively low median tax bill in Crookston provides some financial relief compared to other regions.
Average Crookston Tax Bill
$337
Average Cherry County Tax Bill
$1,288
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Crookston, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69212 | $19 | $118 | $337 | $1,095 | $2,083 |
Source: Ownwell