Hartington, Nebraska Property Taxes
The median property tax rate in Hartington, NE is 0.90%, which is slightly below the national median of 0.99% and significantly lower than the Nebraska state median of 1.75%. With a median home value of $313,620 in Hartington, the typical annual property tax bill amounts to $2,805, which is just under the national median of $2,690. Property taxes in Hartington are based on the assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Hartington'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 Hartington or elsewhere in the city, a thorough grasp of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hartington, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$2,823
-$29,581
Ownwell’s Hartington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hartington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hartington 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 Hartington, Nebraska
Property taxes in Hartington, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hartington is 0.90%, slightly below the U.S. national median of 0.99%. Local government entities within Hartington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hartington 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 Hartington's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68739 zip code has both the highest and lowest median property tax rate of 0.90%. Understanding how these cities compare with Hartington 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 Hartington Tax Rate
0.90%
Average Dixon County Tax Rate
1.55%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hartington, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68739 | 0.89% | 0.90% | 0.90% | 0.99% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Hartington, Nebraska
In Hartington, 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 local 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 Hartington, 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 Hartington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 68739 has both the highest and lowest median tax bill at $2805.
Average Hartington Assessed Value
$313,620
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 Hartington, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68739 | $192,774 | $206,079 | $313,620 | $456,259 | $532,738 |
Source: Ownwell
Property Tax Bills Across Hartington, Nebraska
In Hartington, property tax bills are calculated based on the assessed value of a home and the local tax rate set by Dixon County. The assessed value is determined by the county assessor, who evaluates the market value of the property. This value is then multiplied by the tax rate to determine the annual tax bill. For instance, homes in Hartington with a median home price of $313,620 can expect varying tax bills. At the 25th percentile, homeowners might pay around $1,867, while those at the 75th percentile could see bills as high as $4,555. The 90th percentile tax bill can reach up to $6,139. The highest and lowest median tax bills in the area are both $2,805, located in the 68739 zip code. Compared to the national median property tax rate of 0.99%, Hartington's rates can significantly impact homeowners, especially those with higher-valued properties. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Hartington Tax Bill
$2,805
Average Dixon County Tax Bill
$1,568
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Hartington, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68739 | $1,743 | $1,867 | $2,805 | $4,555 | $6,139 |
Source: Ownwell