Howells, Nebraska Property Taxes
The median property tax rate in Howells, NE is 1.55%, which is considerably higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $92,085 in Howells, the typical annual property tax bill reaches $1,379, still below the national median of $2,690. Property taxes in Howells are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Howells' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Howells or another part of Colfax County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Howells, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.55%
Estimate Property Tax Bill
$1,427
-$14,958
Ownwell’s Howells Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Howells with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Howells 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 Howells, Nebraska
Property taxes in Howells, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Howells is 1.55%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Howells set these rates annually, and they can vary significantly across different neighborhoods. Each year, Howells 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 Howells' effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68641 has the highest median property tax rate of 1.55%, while the same zip code also has the lowest median tax rate of 1.55%. Understanding how these cities compare with Howells provides valuable insights into the varying tax landscape across Colfax County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Howells Tax Rate
1.55%
Average Colfax County Tax Rate
1.78%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Howells, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68641 | 0.93% | 1.45% | 1.55% | 1.55% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Howells, Nebraska
In Howells, 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 Colfax County Assessor 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 Howells, 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 Howells helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Howells is $1379 in the 68641 zip code, reflecting the local property values and tax rates.
Average Howells Assessed Value
$92,085
Average Colfax County Assessed Value
$110,540
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Howells, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68641 | $19,989 | $43,810 | $92,085 | $192,005 | $471,302 |
Source: Ownwell
Property Tax Bills Across Howells, Nebraska
In Howells, Colfax County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is a percentage of the market value of the property. Homeowners in Howells can expect their property tax bill to vary significantly, with the 25th percentile paying around $659 and the 75th percentile facing bills up to $2,666. Some homeowners in the 90th percentile might see tax bills as high as $4,922. Several factors influence these tax bills, including the property's location, size, and any improvements made. The local tax rate is applied to the assessed value to determine the final tax bill. Compared to the national median property tax rate of 0.99%, Howells offers a relatively moderate tax burden for its residents. This system ensures that property taxes are proportionate to the value of the home, impacting homeowners by requiring them to budget for these annual expenses based on their property's assessed value.
Average Howells Tax Bill
$1,379
Average Colfax County Tax Bill
$1,841
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Howells, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68641 | $297 | $659 | $1,379 | $2,666 | $4,922 |
Source: Ownwell