Scribner, Nebraska Property Taxes
The median property tax rate in Scribner, NE is 1.08%, which is higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value in Scribner of $400,718, the typical annual property tax bill is around $4,517, surpassing the national median of $2,690. Property taxes in Scribner 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 Scribner'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 Scribner 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
Scribner, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$4,328
Ownwell’s Scribner Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Scribner with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Scribner 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 Scribner, Nebraska
Property taxes in Scribner, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Scribner is 1.08%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Scribner set these rates annually, and they can vary significantly across different neighborhoods. Each year, Scribner 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 Scribner's effective property tax rate to other counties in Nebraska and the national median. For comparison, Scribner has the highest median property tax rate of 1.08% within the region, demonstrating the variability in property tax obligations relative to neighboring areas. Understanding how these cities compare with Scribner 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 Scribner Tax Rate
1.08%
Average Cuming County Tax Rate
1.19%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Scribner, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68057 | 0.53% | 0.86% | 1.08% | 1.13% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Scribner, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Scribner, Nebraska. 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 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 Scribner, 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 Scribner helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Scribner, the zip code with the highest and lowest median tax bill is 68057, with a median tax bill of $4,517.
Average Scribner Assessed Value
$400,718
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 Scribner, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68057 | $219,236 | $229,579 | $400,718 | $692,926 | $921,196 |
Source: Ownwell
Property Tax Bills Across Scribner, Nebraska
In Scribner, located in Cuming County, NE, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor, who evaluates various factors such as the property's market value, location, and condition. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. For homeowners in Scribner, the median home price is approximately $400,718. Property tax bills can vary significantly, with the 25th percentile tax bill around $2,165 and the 75th percentile reaching $7,576. The 90th percentile tax bill can go as high as $9,750, indicating a broad range of potential tax obligations. These property tax bills impact homeowners by influencing their overall cost of homeownership. Compared to the national median property tax rate of 0.99%, Scribner's rates can be quite variable, affecting budgeting and financial planning for residents. Understanding these factors is crucial for homeowners to manage their expenses effectively.
Average Scribner Tax Bill
$4,517
Average Cuming County Tax Bill
$1,766
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Scribner, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68057 | $1,265 | $2,165 | $4,517 | $7,576 | $9,750 |
Source: Ownwell