Rosalie, Nebraska Property Taxes
The median property tax rate in Rosalie, NE is 1.04%, slightly above the national median of 0.99% but significantly lower than Nebraska's state median of 1.75%. With a median home value of $224,910 in Rosalie, the typical annual property tax bill amounts to $2,334, which is below the national median of $2,690. Property taxes in Rosalie are determined based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Gaining a thorough understanding of Rosalie's property tax system, exploring available exemptions, and seeking opportunities for reductions can lead to substantial annual savings. Whether you reside in the heart of Rosalie or another part of the city, familiarizing yourself with the local property tax structure will benefit both homeowners and real estate investors alike.
Last Updated June 14, 2024
Rosalie, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$2,339
$2,171
Ownwell’s Rosalie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rosalie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rosalie 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 Rosalie, Nebraska
Property taxes in Rosalie, Nebraska, are essential for funding critical local services, including public schools, road maintenance, and emergency services. The median tax rate in Rosalie is 1.04%, which is higher than the U.S. national median of 0.99%. Local government entities within Rosalie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rosalie 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 Rosalie's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68055 has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with Rosalie provides valuable insights into the varying tax landscape across Cuming County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rosalie Tax Rate
1.04%
Average Cuming County Tax Rate
1.19%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rosalie, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68055 | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Rosalie, Nebraska
In Rosalie, 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 Cuming 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. 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. For instance, Rosalie’s highest and lowest median tax bills are both $2,334, found in the zip code 68055. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rosalie Assessed Value
$224,910
Average Cuming County Assessed Value
$148,485
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rosalie, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68055 | $224,910 | $224,910 | $224,910 | $224,910 | $224,910 |
Source: Ownwell
Property Tax Bills Across Rosalie, Nebraska
In Rosalie, located in Cuming County, NE, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. The local tax rate is applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $224,910, homeowners can expect a median tax bill around $2,334, which is consistent across various percentiles, including the 25th, 75th, and 90th percentiles. This uniformity suggests a stable tax rate within the region. Several factors influence the tax bill, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Rosalie's tax rate appears to be higher, impacting homeowners by increasing their annual financial obligations. Understanding these factors can help homeowners anticipate their tax liabilities and plan their finances accordingly, ensuring they are prepared for their property tax responsibilities.
Average Rosalie Tax Bill
$2,334
Average Cuming County Tax Bill
$1,766
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Rosalie, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68055 | $2,334 | $2,334 | $2,334 | $2,334 | $2,334 |
Source: Ownwell