Whitney, Nebraska Property Taxes
The median property tax rate in Whitney, NE is 1.51%, considerably higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in Whitney at $98,608, the typical annual property tax bill reaches $1,520, which is below the national median of $2,690. Property taxes in Whitney are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Whitney'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 Whitney 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
Whitney, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$1,489
Ownwell’s Whitney Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Whitney with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whitney to provide an estimate of 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 Dawes County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Whitney, Nebraska
Property taxes in Whitney, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Whitney is 1.51%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Whitney set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whitney 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 Whitney's effective property tax rate to other areas in Nebraska and the national median. For comparison, the zip code 69367 has the highest median property tax rate of 1.51%, while the same zip code also has the lowest median tax rate of 1.51%. Understanding how these areas compare with Whitney provides valuable insights into the varying tax landscape across Dawes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Whitney Tax Rate
1.51%
Average Dawes County Tax Rate
1.84%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Whitney, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69367 | 1.39% | 1.47% | 1.51% | 1.58% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Whitney, Nebraska
In Whitney, 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 Dawes 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 Whitney, 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 Whitney helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Whitney is $1520 in the 69367 zip code, while the lowest median tax bill is also $1520 in the same zip code.
Average Whitney Assessed Value
$98,608
Average Dawes County Assessed Value
$102,875
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Whitney, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69367 | $4,694 | $31,425 | $98,608 | $246,095 | $372,652 |
Source: Ownwell
Property Tax Bills Across Whitney, Nebraska
In Whitney, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office in Dawes County. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Various factors influence the assessed value, including the property's location, size, and condition, as well as comparable home sales in the area. Homeowners in Whitney experience varying tax bills, with the 25th percentile paying around $508 annually, while those in the 75th percentile face bills up to $3,498. In some cases, such as the 90th percentile, taxes can reach as high as $5,328. These figures highlight the range of tax burdens depending on property values and local tax rates. Comparatively, Whitney's property tax rates can be higher than the national median rate of 0.99%, affecting homeowners' annual expenses significantly. Understanding these factors helps residents anticipate their tax obligations and plan their finances accordingly.
Average Whitney Tax Bill
$1,520
Average Dawes County Tax Bill
$1,804
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Whitney, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69367 | $80 | $508 | $1,520 | $3,498 | $5,328 |
Source: Ownwell