Allen, Nebraska Property Taxes
The median property tax rate in Allen, NE is 1.45%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Allen, the typical annual property tax bill reaches $1,491, which is below the national median of $2,690. Property taxes in Allen 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 Allen'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 Allen 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
Allen, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.45%
Estimate Property Tax Bill
$1,511
-$15,831
Ownwell’s Allen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Allen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Allen 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 Allen, Nebraska
Property taxes in Allen, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Allen is 1.45%, significantly higher than the U.S. national median of 0.99%. Local government entities within Allen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Allen 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 Allen's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68710 zip code has the highest median property tax rate of 1.45%, while the same zip code also has the lowest median tax rate of 1.45%. Understanding how these cities compare with Allen provides valuable insights into the varying tax landscape across Dixon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Allen Tax Rate
1.45%
Average Dixon County Tax Rate
1.55%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Allen, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68710 | 1.13% | 1.14% | 1.45% | 1.56% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Allen, Nebraska
In Allen, 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 Dixon 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 Allen, 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 Allen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Allen are both $1,491, found in the 68710 zip code.
Average Allen Assessed Value
$104,180
Average Dixon County Assessed Value
$96,112
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Allen, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68710 | $33,643 | $61,982 | $104,180 | $216,038 | $507,383 |
Source: Ownwell
Property Tax Bills Across Allen, Nebraska
In Allen, Dixon County, NE, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county assessor and is meant to reflect the market value of the property. This value is then multiplied by the local tax rate to calculate the annual property tax bill. For example, with a median home price of $104,180, homeowners in Allen can expect to pay a property tax bill that varies widely depending on their property's assessed value and specific circumstances. At the 25th percentile, the tax bill is around $857, while at the 75th percentile, it can rise to $2,677. The top 10% of homeowners might see tax bills as high as $6,469. These figures illustrate the range of property tax burdens that can affect homeowners in Allen, impacting their overall financial planning and homeownership costs. With the national median property tax rate at 0.99%, understanding these local nuances is crucial for homeowners in managing their expenses effectively.
Average Allen Tax Bill
$1,491
Average Dixon County Tax Bill
$1,568
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Allen, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68710 | $449 | $857 | $1,491 | $2,677 | $6,469 |
Source: Ownwell