Carleton, Nebraska Property Taxes
The median property tax rate in Carleton, NE is 1.12%, which is higher than the national median of 0.99% but lower than Nebraska's state median of 1.75%. With a median home value of $437,820 in Carleton, the typical annual property tax bill amounts to $4,899, surpassing the national median of $2,690. Property taxes in Carleton are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Carleton'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 Carleton or another part of Fillmore County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Carleton, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$4,904
$4,550
Ownwell’s Carleton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carleton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carleton 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 Carleton, Nebraska
Property taxes in Carleton, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carleton is 1.12%, higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Carleton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carleton 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 Carleton's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68326 zip code has the highest median property tax rate of 1.12%, while the same zip code also has the lowest median tax rate of 1.12%. Understanding how these cities compare with Carleton provides valuable insights into the varying tax landscape across Fillmore County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carleton Tax Rate
1.12%
Average Fillmore County Tax Rate
1.63%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carleton, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68326 | 1.12% | 1.12% | 1.12% | 1.13% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Carleton, Nebraska
In Carleton, 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 Fillmore 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 Carleton, 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. Carleton's median home price is $437,820, with tax bills ranging from $3,558 at the 25th percentile to $7,044 at the 90th percentile. The highest and lowest median tax bills are both $4,899 in zip code 68326. 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 Carleton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Carleton Assessed Value
$437,820
Average Fillmore County Assessed Value
$93,580
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carleton, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68326 | $244,164 | $316,785 | $437,820 | $558,855 | $631,476 |
Source: Ownwell
Property Tax Bills Across Carleton, Nebraska
In Carleton, property tax bills are calculated based on the assessed value of a home, which is determined by the Fillmore County assessor's office. The assessed value is a percentage of the market value, and the property tax rate is then applied to this assessed value. For example, with a median home price of $437,820, homeowners can expect a tax bill that varies significantly depending on the specific assessed value and the tax rate applied. Factors such as property size, location, and any improvements made to the home can influence the assessed value. In Carleton, the tax bill for the 25th percentile is around $3,558, while it climbs to $6,239 for the 75th percentile, and reaches $7,044 for the 90th percentile. These figures show how property taxes can vary widely even within the same city, impacting homeowners differently based on the value of their properties. With the national median property tax rate at 0.99%, Carleton's property tax landscape offers a comparative insight into how local rates can affect overall tax obligations.
Average Carleton Tax Bill
$4,899
Average Fillmore County Tax Bill
$1,380
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Carleton, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68326 | $2,753 | $3,558 | $4,899 | $6,239 | $7,044 |
Source: Ownwell