Maskell, Nebraska Property Taxes
The median property tax rate in Maskell, NE is 1.33%, 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 of $43,135 in Maskell, the typical annual property tax bill amounts to $506, significantly below the national median of $2,690. Property taxes in Maskell are based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Maskell's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Maskell or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Maskell, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$574
-$6,012
Ownwell’s MASKELL Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MASKELL with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MASKELL 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 Maskell, Nebraska
Property taxes in Maskell, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maskell is 1.33%, significantly higher than the U.S. national median of 0.99%. Local government entities within Maskell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maskell 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 Maskell's effective property tax rate to other counties in Nebraska and the national median. For comparison, the ZIP code 68751 has the highest median property tax rate of 1.33%, while the same ZIP code also has the lowest median tax rate of 1.33%. Understanding how these cities compare with Maskell 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 Maskell Tax Rate
1.33%
Average Dixon County Tax Rate
1.55%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maskell, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68751 | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Maskell, Nebraska
In Maskell, 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 Maskell, 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. The highest median tax bill in Maskell is $506 in the 68751 zip code, while the lowest median tax bill is also $506 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Maskell Assessed Value
$43,135
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 Maskell, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68751 | $6,638 | $25,606 | $43,135 | $65,492 | $76,818 |
Source: Ownwell
Property Tax Bills Across Maskell, Nebraska
In Maskell, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Maskell is $43,135. Tax rates are applied to this assessed value to determine the annual tax bill. Homeowners in Maskell typically see a range in their tax bills, with the 25th percentile at $280 and the 75th percentile reaching $737. At the 90th percentile, tax bills can be as high as $935. Several factors influence the property tax bill, including the home's market value, local tax rates, and any applicable exemptions or deductions. These taxes fund essential public services such as schools, emergency services, and infrastructure maintenance, directly impacting the quality of life for residents. Maskell's property tax rates can be compared to the national median property tax rate of 0.99%, offering insight into how local taxes align with broader trends. Homeowners should stay informed about their property assessments and tax obligations to manage their financial planning effectively.
Average Maskell Tax Bill
$506
Average Dixon County Tax Bill
$1,568
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Maskell, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68751 | $54 | $280 | $506 | $737 | $935 |
Source: Ownwell