Strang, Nebraska Property Taxes
The median property tax rate in Strang, NE is 1.12%, which is higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $87,975 in Strang, the typical annual property tax bill amounts to $942, significantly below the national median of $2,690. Property taxes in Strang are calculated based on the assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. By understanding Strang's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're residing in Strang or owning property in another part of Fillmore County, gaining insight into the local property tax system is essential for maximizing financial benefits.
Last Updated June 14, 2024
Strang, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$985
$914
Ownwell’s Strang Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Strang with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Strang 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 Strang, Nebraska
Property taxes in Strang, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Strang is 1.12%, higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Strang set these rates annually, and they can vary significantly across different neighborhoods. Each year, Strang 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. For comparison, the 68444 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 Strang 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 Strang 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 Strang, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68444 | 0.82% | 0.98% | 1.12% | 1.21% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Strang, Nebraska
In Strang, 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 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 Strang, 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 Strang helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Strang is $87,975, with the highest median tax bill in the 68444 zip code at $942.00.
Average Strang Assessed Value
$87,975
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 Strang, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68444 | $5,326 | $13,175 | $87,975 | $206,620 | $631,505 |
Source: Ownwell
Property Tax Bills Across Strang, Nebraska
In STRANG, Fillmore County, NE, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and is intended to reflect the market value of the property. This value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in STRANG, the median home price is $87,975. The property tax bills vary significantly, with the 25th percentile at $146 and the 75th percentile reaching $2,069. At the 90th percentile, homeowners can expect to pay up to $6,356. The highest and lowest median tax bills in the area are both $942, located in zip code 68444. These tax bills can have a considerable impact on homeowners, influencing their overall cost of living and potentially affecting their ability to afford other expenses. Compared to the national median property tax rate of 0.99%, the rates in STRANG can vary, highlighting the importance of understanding local tax assessments and rates.
Average Strang Tax Bill
$942
Average Fillmore County Tax Bill
$1,380
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Strang, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68444 | $64 | $146 | $942 | $2,069 | $6,356 |
Source: Ownwell