Hendley, Nebraska Property Taxes
The median property tax rate in Hendley, NE is 1.78%, notably higher than both the national median of 0.99% and Nebraska's state median of 1.75%. With a median home value of $27,905 in Hendley, the typical annual property tax bill amounts to $523, which is significantly lower than the national median of $2,690. Property taxes in Hendley are based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Hendley'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 Hendley 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
Hendley, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.78%
Estimate Property Tax Bill
$497
Ownwell’s Hendley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hendley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hendley 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 Hendley, Nebraska
Property taxes in Hendley, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hendley is 1.78%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Hendley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hendley 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 Hendley's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68946 zip code has the highest median property tax rate of 1.78%, while the same zip code also has the lowest median tax rate of 1.78%. Understanding how these cities compare with Hendley provides valuable insights into the varying tax landscape across Furnas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hendley Tax Rate
1.78%
Average Furnas County Tax Rate
1.80%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hendley, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68946 | 1.14% | 1.28% | 1.78% | 1.78% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Hendley, Nebraska
In Hendley, 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 Furnas 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 Hendley, 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 Hendley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 68946, with a median tax bill of $523.
Average Hendley Assessed Value
$27,905
Average Furnas County Assessed Value
$62,290
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hendley, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68946 | $3,043 | $14,388 | $27,905 | $181,142 | $306,954 |
Source: Ownwell
Property Tax Bills Across Hendley, Nebraska
In Hendley, located in Furnas 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's office and reflects the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $27,905, homeowners in Hendley typically see a range of property tax bills. The 25th percentile tax bill is $199, while the 75th percentile tax bill reaches $2,367. At the 90th percentile, some homeowners pay as much as $3,877 annually. These figures show a significant variation, indicating that factors like property size, location, and improvements can greatly influence tax amounts. Comparatively, Hendley's property tax rate is relatively low, given the national median property tax rate of 0.99%. This variation in tax bills can significantly impact homeowners' financial planning and overall cost of living in the area.
Average Hendley Tax Bill
$523
Average Furnas County Tax Bill
$1,054
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Hendley, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68946 | $31 | $199 | $523 | $2,367 | $3,877 |
Source: Ownwell