Max, Nebraska Property Taxes
The median property tax rate in MAX, NE is 0.88%, notably lower than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in MAX being $49,945, the typical annual property tax bill amounts to $441, which is significantly less than the national median of $2,690. Property taxes in MAX are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding MAX'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 MAX 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
Max, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$440
Ownwell’s MAX Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MAX with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MAX 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 Max, Nebraska
Property taxes in MAX, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in MAX is 0.88%, lower than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within MAX set these rates annually, and they can vary significantly across different neighborhoods. Each year, MAX 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 MAX's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69037 zip code has the highest median property tax rate of 0.88%, while the 69037 zip code also has the lowest median tax rate of 0.88%. Understanding how these cities compare with MAX provides valuable insights into the varying tax landscape across Dundy County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Max Tax Rate
0.88%
Average Dundy County Tax Rate
1.23%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Max, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69037 | 0.87% | 0.87% | 0.88% | 0.88% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Max, Nebraska
In MAX, 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 Dundy 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 MAX, 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 MAX helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in this area is $49,945, with the highest and lowest median tax bills both recorded at $441 in the 69037 zip code.
Average Max Assessed Value
$49,945
Average Dundy County Assessed Value
$60,885
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Max, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69037 | $3,833 | $13,306 | $49,945 | $140,994 | $437,156 |
Source: Ownwell
Property Tax Bills Across Max, Nebraska
In MAX, located in Dundy County, NE, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $49,945. Property taxes are determined by multiplying the assessed value by the local tax rate, which varies depending on the specific location within the county. For example, homeowners in the zip code 69037 experience a median tax bill of $441.00, which is significantly lower than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the assessed value of the property and any applicable exemptions or deductions. For homeowners in MAX, property tax bills can range widely, with the 25th percentile at $107 and the 75th percentile at $1,203. At the higher end, the 90th percentile tax bill reaches $3,898. These taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Understanding these factors can help homeowners better anticipate and manage their annual property tax obligations.
Average Max Tax Bill
$441
Average Dundy County Tax Bill
$729
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Max, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69037 | $32 | $107 | $441 | $1,203 | $3,898 |
Source: Ownwell