Leigh, Nebraska Property Taxes
The median property tax rate in Leigh, NE is 1.88%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Leigh, the typical annual property tax bill reaches $1,691, which is below the national median of $2,690. Property taxes in Leigh are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Leigh'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 Leigh 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
Leigh, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.88%
Estimate Property Tax Bill
$1,698
Ownwell’s Leigh Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Leigh with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Leigh 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 Leigh, Nebraska
Property taxes in Leigh, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Leigh is 1.88%, significantly higher than the U.S. national median of 0.99%. Local government entities within Leigh set these rates annually, and they can vary across different neighborhoods. Each year, Leigh 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 Leigh's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68643 has the highest median property tax rate of 1.88%, while the same zip code also has the lowest median tax rate of 1.88%. Understanding how these cities compare with Leigh 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 Leigh Tax Rate
1.88%
Average Colfax County Tax Rate
1.78%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leigh, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68643 | 1.31% | 1.34% | 1.88% | 1.88% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Leigh, Nebraska
In Leigh, 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 Leigh, 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 Leigh helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 68643 has the highest median tax bill at $1,691, while also having the lowest median tax bill at the same value.
Average Leigh Assessed Value
$90,345
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 Leigh, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68643 | $22,401 | $43,315 | $90,345 | $225,375 | $492,269 |
Source: Ownwell
Property Tax Bills Across Leigh, Nebraska
In Leigh, located in Colfax County, NE, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and is typically a percentage of the market value of the property. For example, with a median home price of $90,345, homeowners can expect varying tax bills based on their property's assessed value and the specific tax rates applied. Several factors influence the final tax bill, including the property's location, any applicable exemptions, and local government budgets. In Leigh, the 25th percentile tax bill is around $820, while the 75th percentile reaches up to $3,643, and the highest tax bills can soar to $6,872. These figures highlight the range of property tax burdens homeowners might face. Compared to the national median property tax rate of 0.99%, Leigh's property tax landscape can significantly impact homeowners, with varying degrees of financial responsibility based on assessed property values and local tax policies.
Average Leigh Tax Bill
$1,691
Average Colfax County Tax Bill
$1,841
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Leigh, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68643 | $405 | $820 | $1,691 | $3,643 | $6,872 |
Source: Ownwell