Inland, Nebraska Property Taxes
The median property tax rate in INLAND, NE is 1.11%, which is higher than the national median of 0.99% but lower than Nebraska's state median of 1.75%. With a median home value of $139,525 in INLAND, the typical annual property tax bill is $1,434, falling below the national median of $2,690. Property taxes in INLAND are calculated based on the tax assessed value, which often comes in lower than the market value due to exemptions such as primary residence and agricultural exemptions. By understanding INLAND's property tax system, exploring available exemptions, and finding opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're residing in INLAND or investing in property there, a thorough grasp of the local property tax system is essential for financial optimization.
Last Updated June 14, 2024
Inland, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$1,549
$1,437
Ownwell’s INLAND Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in INLAND with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in INLAND 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 Inland, Nebraska
Property taxes in Inland, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Inland is 1.11%, higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Inland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Inland 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 Inland's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68954 zip code has the highest median property tax rate of 1.11%, while the 68954 zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Inland provides valuable insights into the varying tax landscape across Clay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Inland Tax Rate
1.11%
Average Clay County Tax Rate
1.67%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Inland, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68954 | 1.10% | 1.11% | 1.11% | 1.13% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Inland, Nebraska
In INLAND, 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 Clay 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 INLAND, 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 INLAND helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area is $1,434 in the 68954 zip code.
Average Inland Assessed Value
$139,525
Average Clay County Assessed Value
$85,465
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Inland, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68954 | $32,468 | $70,985 | $139,525 | $262,855 | $723,560 |
Source: Ownwell
Property Tax Bills Across Inland, Nebraska
Property tax bills in Inland, located in Clay County, NE, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the market value, which is influenced by factors such as location, property size, and home features. For example, the median home price in Inland is $139,525. The local tax rate is applied to this assessed value to calculate the annual property tax bill. In Inland, the tax bills can vary significantly, ranging from the 25th percentile at $778 to the 75th percentile at $3,198, and even reaching the 90th percentile at $8,660. This considerable range indicates that property values and tax burdens can differ widely among homeowners. Compared to the national median property tax rate of 0.99%, homeowners in Inland might experience varying degrees of financial impact depending on their property’s assessed value and the applicable tax rate. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan accordingly.
Average Inland Tax Bill
$1,434
Average Clay County Tax Bill
$1,360
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Inland, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68954 | $344 | $778 | $1,434 | $3,198 | $8,660 |
Source: Ownwell