Hildreth, Nebraska Property Taxes
The median property tax rate in Hildreth, NE is 1.73%, slightly lower than the Nebraska state median of 1.75% but still considerably higher than the national median of 0.99%. With a median home value of $81,905 in Hildreth, the typical annual property tax bill reaches $1,371, which is below the national median of $2,690. Property taxes in Hildreth are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hildreth'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 Hildreth 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
Hildreth, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.73%
Estimate Property Tax Bill
$1,417
Ownwell’s Hildreth Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hildreth with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hildreth 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 Hildreth, Nebraska
Property taxes in Hildreth, Nebraska, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hildreth is 1.73%, significantly higher than the U.S. national median of 0.99%. Local government entities within Hildreth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hildreth 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 Hildreth's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68947 has the highest median property tax rate of 1.73%, while the same zip code also has the lowest median tax rate of 1.73%. Understanding how these cities compare with Hildreth provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hildreth Tax Rate
1.73%
Average Franklin County Tax Rate
1.73%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hildreth, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68947 | 1.19% | 1.22% | 1.73% | 1.73% | 1.73% |
Source: Ownwell
Property Tax Assessment Values Across Hildreth, Nebraska
In Hildreth, 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 Franklin 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 Hildreth, 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 Hildreth is $81,905, with tax bills ranging from $745 at the 25th percentile to $4,426 at the 90th percentile. Notably, the zip code 68947 has the highest and lowest median tax bill at $1,371. 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 Hildreth helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hildreth Assessed Value
$81,905
Average Franklin County Assessed Value
$50,605
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hildreth, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68947 | $22,050 | $49,185 | $81,905 | $129,185 | $328,850 |
Source: Ownwell
Property Tax Bills Across Hildreth, Nebraska
In Hildreth, located in Franklin 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 reflects the market value of the property. Homeowners in Hildreth can expect their tax bills to vary significantly based on their property's assessed value. For instance, the tax bill at the 25th percentile is $745, while at the 75th percentile, it reaches $2,124, and at the 90th percentile, it can be as high as $4,426. Compared to the national median property tax rate of 0.99%, Hildreth's local rates can result in varying tax burdens. This directly impacts homeowners, as higher property taxes can affect monthly mortgage payments and overall affordability. Understanding these factors is crucial for homeowners when budgeting for their annual expenses and considering the long-term financial implications of owning property in Hildreth.
Average Hildreth Tax Bill
$1,371
Average Franklin County Tax Bill
$872
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Hildreth, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68947 | $293 | $745 | $1,371 | $2,124 | $4,426 |
Source: Ownwell