Stamford, Nebraska Property Taxes
The median property tax rate in Stamford, NE is 1.28%, higher than both the national median of 0.99% and Nebraska's state median of 1.75%. With a median home value of $173,790 in Stamford, the typical annual property tax bill amounts to $1,960, which is below the national median of $2,690. Property taxes in Stamford are calculated based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Stamford'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 Stamford 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
Stamford, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$2,225
$2,064
Ownwell’s Stamford Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Stamford with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Stamford to provide an estimate of your property tax bill. This valuable tool helps you grasp your potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value, determined by the county for tax calculations, includes any applicable exemptions.
Property Tax Rates Across Stamford, Nebraska
Property taxes in Stamford, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stamford is 1.28%, significantly higher than the U.S. national median of 0.99%. Local government entities within Stamford set these rates annually, and they can vary across different neighborhoods. Each year, Stamford 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. Understanding Stamford's effective property tax rate in comparison to other counties in Nebraska and the national median 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 Stamford Tax Rate
1.28%
Average Furnas County Tax Rate
1.80%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stamford, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68977 | 1.26% | 1.27% | 1.28% | 1.35% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Stamford, Nebraska
In Stamford, 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 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 Stamford, 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 Stamford is $173,790, with tax bills ranging from $1,291 at the 25th percentile to $7,920 at the 90th percentile. Notably, the zip code 68977 has both the highest and lowest median tax bills at $1,960. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Stamford Assessed Value
$173,790
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 Stamford, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68977 | $67,140 | $117,140 | $173,790 | $364,625 | $584,445 |
Source: Ownwell
Property Tax Bills Across Stamford, Nebraska
In Stamford, 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, who evaluates the property's market value. Homeowners in Stamford can expect varying tax bills depending on their property's assessed value and the applicable tax rate. For instance, the tax bill at the 25th percentile is $1,291, while at the 75th percentile, it rises to $4,621, and at the 90th percentile, it reaches $7,920. The median home price in Stamford is $173,790, which plays a significant role in determining the tax bill. Compared to the national median property tax rate of 0.99%, Stamford's property taxes can be quite substantial for some homeowners. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Homeowners must budget for these expenses, as they can significantly influence the overall cost of homeownership in Stamford.
Average Stamford Tax Bill
$1,960
Average Furnas County Tax Bill
$1,054
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Stamford, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68977 | $859 | $1,291 | $1,960 | $4,621 | $7,920 |
Source: Ownwell