Nenzel, Nebraska Property Taxes
The median property tax rate in Nenzel, NE is 1.18%, which is higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in Nenzel at $130,605, the typical annual property tax bill amounts to $1,803, falling below the national median of $2,690. Property taxes in Nenzel are based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. By understanding Nenzel's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you reside in the heart of Nenzel or another part of Cherry County, a thorough grasp of the local property tax system is essential for maximizing financial benefits.
Last Updated June 14, 2024
Nenzel, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$1,541
Ownwell’s Nenzel Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nenzel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nenzel 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 Nenzel, Nebraska
Property taxes in Nenzel, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nenzel is 1.18%, higher than the U.S. national median of 0.99%. Local government entities within Nenzel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nenzel 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 Nenzel's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69219 zip code has the highest median property tax rate of 1.18%, while the same zip code has the lowest median tax rate of 1.18%. Understanding how these cities compare with Nenzel 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 Nenzel Tax Rate
1.18%
Average Cherry County Tax Rate
0.87%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nenzel, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69219 | 1.05% | 1.14% | 1.18% | 1.20% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Nenzel, Nebraska
In Nenzel, 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 Nenzel, 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 Nenzel 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 $1,803, found in the 69219 zip code.
Average Nenzel Assessed Value
$130,605
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 Nenzel, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69219 | $10,258 | $35,908 | $130,605 | $294,428 | $413,005 |
Source: Ownwell
Property Tax Bills Across Nenzel, Nebraska
In Nenzel, located in Cherry County, NE, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this area stands at $130,605. To determine a homeowner's tax bill, the assessed value of the property is multiplied by the local tax rate, which can vary depending on the specific location within the county. Several factors influence the assessed value, including property size, location, and market conditions. For instance, homes in the 25th percentile of tax bills pay around $401 annually, while those in the 75th percentile see bills closer to $3,486. At the 90th percentile, homeowners might face tax bills as high as $4,639. These property taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, the tax rates in Nenzel can be relatively higher or lower depending on the specific assessed value and local levies applied.
Average Nenzel Tax Bill
$1,803
Average Cherry County Tax Bill
$1,288
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Nenzel, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69219 | $118 | $401 | $1,803 | $3,486 | $4,639 |
Source: Ownwell