Ralston, Nebraska Property Taxes
The median property tax rate in Ralston, NE is 2.32%, significantly higher than both the national median of 0.99% and the state median of 1.75%. With the median home value in Ralston at $181,000, the typical annual property tax bill reaches $4,200, far exceeding the national median of $2,690. Property taxes in Ralston 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 Ralston'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 Ralston 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
Ralston, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.32%
Estimate Property Tax Bill
$420
$390
Ownwell’s Ralston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ralston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ralston 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 Ralston, Nebraska
Property taxes in Ralston, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ralston is 2.32%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Ralston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ralston 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 Ralston's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68127 zip code has the highest median property tax rate of 2.32%, while the same zip code also has the lowest median tax rate of 2.32%. Understanding how these cities compare with Ralston provides valuable insights into the varying tax landscape across Douglas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ralston Tax Rate
2.32%
Average Douglas County Tax Rate
1.96%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ralston, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68127 | 2.32% | 2.32% | 2.32% | 2.32% | 2.32% |
Source: Ownwell
Property Tax Assessment Values Across Ralston, Nebraska
In Ralston, 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 Douglas 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 Ralston, 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 Ralston 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 the area are both $420, found in the 68127 zip code.
Average Ralston Assessed Value
$18,100
Average Douglas County Assessed Value
$206,800
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ralston, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68127 | $18,100 | $18,100 | $18,100 | $18,100 | $18,100 |
Source: Ownwell
Property Tax Bills Across Ralston, Nebraska
In Ralston, located in Douglas County, NE, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local assessor's office and reflects a percentage of the market value of the property. For homeowners in Ralston, the median home price is $18,100. Property tax rates in the area are relatively stable, with the 25th, 75th, and 90th percentile tax bills all standing at $420, indicating a consistent tax burden across different property values. Homeowners can anticipate their tax bill by multiplying the assessed value by the local tax rate. This rate is influenced by various factors, including local government budgets, school funding needs, and public services. Compared to the national median property tax rate of 0.99%, Ralston offers a significantly lower tax rate, making it an attractive location for homeowners looking for affordability. This lower tax burden can positively impact homeowners by reducing their annual expenses, thereby making homeownership more financially manageable.
Average Ralston Tax Bill
$420
Average Douglas County Tax Bill
$3,997
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Ralston, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68127 | $420 | $420 | $420 | $420 | $420 |
Source: Ownwell