Ohiowa, Nebraska Property Taxes
The median property tax rate in Ohio, NE is 1.22%, which is higher than the national median of 0.99% but lower than Nebraska's state median of 1.75%. With the median home value in Ohio at $34,015, the typical annual property tax bill amounts to $425, which is below the national median of $2,690. Property taxes in Ohio are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Ohio'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 Ohio 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
Ohiowa, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$415
$385
Ownwell’s OHIOWA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in OHIOWA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in OHIOWA 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 Ohiowa, Nebraska
Property taxes in OHIOWA, Nebraska, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in OHIOWA is 1.22%, higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within OHIOWA set these rates annually, and they can vary significantly across different neighborhoods. Each year, OHIOWA 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 OHIOWA's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68416 zip code has the highest median property tax rate of 1.22%, while the 68416 zip code also has the lowest median tax rate of 1.22%. Understanding how these cities compare with OHIOWA 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 Ohiowa Tax Rate
1.22%
Average Fillmore County Tax Rate
1.63%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ohiowa, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68416 | 0.78% | 0.82% | 1.22% | 1.22% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Ohiowa, Nebraska
In OHIOWA, 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 OHIOWA, 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 OHIOWA helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Fillmore County is $425 in the 68416 zip code, while the lowest median tax bill is also $425 in the same zip code.
Average Ohiowa Assessed Value
$34,015
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 Ohiowa, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68416 | $6,313 | $12,738 | $34,015 | $222,588 | $590,407 |
Source: Ownwell
Property Tax Bills Across Ohiowa, Nebraska
Property tax bills in OHIOWA, Fillmore County, NE are determined by assessing the market value of a property and applying the local tax rate. The process begins with the county assessor evaluating the property's market value, which is then multiplied by the assessment ratio to get the assessed value. This assessed value is subsequently multiplied by the local tax rate to calculate the annual property tax bill. Several factors influence the property tax bill, including property size, location, and any improvements made. For instance, the median home price in OHIOWA is $34,015, and property tax bills can vary significantly. Homeowners in the 25th percentile pay around $163, while those in the 75th percentile face bills up to $2,006. At the 90th percentile, tax bills can reach $5,009. These property taxes fund essential community services such as schools, infrastructure, and emergency services. Therefore, understanding how these taxes are calculated helps homeowners anticipate their financial obligations and plan accordingly.
Average Ohiowa Tax Bill
$425
Average Fillmore County Tax Bill
$1,380
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Ohiowa, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68416 | $81 | $163 | $425 | $2,006 | $5,009 |
Source: Ownwell