Inglewood, Nebraska Property Taxes
The median property tax rate in Inglewood, NE is 1.40%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Inglewood, the typical annual property tax bill reaches $3,024, exceeding the national median of $2,690. Property taxes in Inglewood 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 Inglewood'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 Inglewood 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
Inglewood, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$2,958
$2,745
Ownwell’s Inglewood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Inglewood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Inglewood 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 Inglewood, Nebraska
Property taxes in Inglewood, Nebraska, are essential in funding crucial local services like public schools, road maintenance, and emergency services. The median tax rate in Inglewood is 1.40%, significantly higher than the U.S. national median of 0.99%. Local government entities within Inglewood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Inglewood 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 Inglewood's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68025 zip code has both the highest and lowest median property tax rate of 1.40%. Understanding how these cities compare with Inglewood provides valuable insights into the varying tax landscape across Dodge County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Inglewood Tax Rate
1.40%
Average Dodge County Tax Rate
1.79%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Inglewood, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68025 | 1.01% | 1.16% | 1.40% | 1.64% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Inglewood, Nebraska
In Inglewood, 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 Dodge 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 Inglewood, 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 Inglewood 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 $3,024 in zip code 68025, while the lowest median tax bill is also $3,024 in the same zip code.
Average Inglewood Assessed Value
$211,302
Average Dodge County Assessed Value
$133,688
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Inglewood, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68025 | $42,260 | $105,651 | $211,302 | $219,116 | $223,805 |
Source: Ownwell
Property Tax Bills Across Inglewood, Nebraska
In Inglewood, property tax bills are calculated based on the assessed value of your home, which is determined by the Dodge County Assessor's office. The assessed value is a percentage of the market value of your property. For example, if the median home price in Inglewood is $211,302, the assessed value will be a fraction of this amount. The property tax rate is then applied to the assessed value to determine your annual tax bill. Several factors influence your property tax bill, including changes in the market value of your home, local tax rates, and any exemptions or deductions you may qualify for. In Inglewood, the tax bill at the 25th percentile is $2,550, while at the 75th percentile, it is $3,497, and at the 90th percentile, it reaches $3,782. These figures illustrate the range of tax burdens homeowners might face. Homeowners in Inglewood should be aware that their property tax bills can significantly impact their annual expenses, especially when compared to the national median property tax rate of 0.99%. Understanding how these bills are calculated can help homeowners better manage their finances.
Average Inglewood Tax Bill
$3,024
Average Dodge County Tax Bill
$2,379
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Inglewood, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68025 | $2,266 | $2,550 | $3,024 | $3,497 | $3,782 |
Source: Ownwell