Shickley, Nebraska Property Taxes
The median property tax rate in Shickley, NE is 1.59%, which is significantly higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $111,515 in Shickley, the typical annual property tax bill amounts to $1,654, which is below the national median of $2,690. Property taxes in Shickley are calculated based on the tax assessed value, which is often less than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Shickley'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 Shickley 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
Shickley, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.59%
Estimate Property Tax Bill
$1,773
Ownwell’s Shickley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shickley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shickley 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 Shickley, Nebraska
Property taxes in Shickley, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shickley is 1.59%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Shickley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shickley 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 Shickley's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68436 zip code has the highest median property tax rate of 1.59%, while the same zip code also has the lowest median tax rate of 1.59%. Understanding how these cities compare with Shickley 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 Shickley Tax Rate
1.59%
Average Fillmore County Tax Rate
1.63%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shickley, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68436 | 1.12% | 1.13% | 1.59% | 1.59% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Shickley, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Shickley, Nebraska. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, shaped 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 Shickley, 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. The median home price in Shickley is $111,515, with the 25th percentile tax bill at $1,033 and the 75th percentile tax bill at $2,775. The zip code with the highest and lowest median tax bill is 68436, both at $1,654. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Shickley Assessed Value
$111,515
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 Shickley, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68436 | $36,014 | $65,816 | $111,515 | $193,694 | $566,756 |
Source: Ownwell
Property Tax Bills Across Shickley, Nebraska
In Shickley, Fillmore County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the home's market value. Homeowners in Shickley typically face property tax bills that range from $1,033 at the 25th percentile to $2,775 at the 75th percentile, with some reaching up to $6,928 at the 90th percentile. The highest median tax bill in the area is $1,654, which is notably higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the home's assessed value, local tax rates, and any applicable exemptions. Homeowners in Shickley should be aware that higher property taxes can impact their overall housing costs, making it essential to understand these factors and how they contribute to the final tax bill. This knowledge helps homeowners budget effectively and potentially seek appeals or exemptions to reduce their tax burden.
Average Shickley Tax Bill
$1,654
Average Fillmore County Tax Bill
$1,380
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Shickley, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68436 | $467 | $1,033 | $1,654 | $2,775 | $6,928 |
Source: Ownwell