Sargent, Nebraska Property Taxes
The median property tax rate in Sargent, NE is 1.61%, notably higher than the national median of 0.99% but slightly lower than the Nebraska state median of 1.75%. With the median home value in Sargent at $56,577, the typical annual property tax bill is $889, which is significantly below the national median of $2,690. Property taxes in Sargent are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Sargent's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to considerable annual savings. Whether you're in the heart of Sargent 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
Sargent, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.61%
Estimate Property Tax Bill
$911
Ownwell’s Sargent Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Sargent. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Sargent to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of your potential tax liabilities, making financial planning easier. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for tax calculations and includes any applicable exemptions.
Property Tax Rates Across Sargent, Nebraska
Property taxes in Sargent, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sargent is 1.61%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Sargent set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sargent 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 Sargent's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68874 zip code has the highest median property tax rate of 1.61%, while the same zip code also has the lowest median tax rate of 1.61%. Understanding how these cities compare with Sargent provides valuable insights into the varying tax landscape across Custer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sargent Tax Rate
1.61%
Average Custer County Tax Rate
1.38%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sargent, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68874 | 1.12% | 1.15% | 1.61% | 1.61% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Sargent, Nebraska
In Sargent, 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 Custer 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 Sargent, 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 Sargent helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $889 in zip code 68874, which is also the lowest median tax bill.
Average Sargent Assessed Value
$56,577
Average Custer County Assessed Value
$99,711
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sargent, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68874 | $10,354 | $25,766 | $56,577 | $184,698 | $614,460 |
Source: Ownwell
Property Tax Bills Across Sargent, Nebraska
Property tax bills in Sargent, located in Custer County, NE, are calculated based on the assessed value of a property. The assessed value is determined by the local tax assessor and is often a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Homeowners in Sargent can expect a wide range of tax bills depending on their property's value. For instance, the 25th percentile tax bill is around $391, while the 75th percentile tax bill can reach up to $2,392. At the higher end, the 90th percentile tax bill is approximately $7,110. These figures indicate that property taxes can vary significantly, impacting homeowners differently based on their property's assessed value. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax rates. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Sargent Tax Bill
$889
Average Custer County Tax Bill
$1,435
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Sargent, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68874 | $136 | $391 | $889 | $2,392 | $7,110 |
Source: Ownwell