Clatonia, Nebraska Property Taxes
The median property tax rate in Clatonia, NE is 1.89%, significantly higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With a median home value in Clatonia of $102,165, the typical annual property tax bill reaches $1,746, which is below the national median of $2,690. Property taxes in Clatonia 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 Clatonia'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 Clatonia 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
Clatonia, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.89%
Estimate Property Tax Bill
$1,931
Ownwell’s Clatonia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clatonia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clatonia 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 Clatonia, Nebraska
Property taxes in Clatonia, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clatonia is 1.89%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Clatonia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clatonia 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 Clatonia's effective property tax rate to other areas and the national median. For comparison, the zip code 68328 has the highest median property tax rate of 1.89%, while the same zip code also records the lowest median tax rate of 1.89%. Understanding how these areas compare with Clatonia provides valuable insights into the varying tax landscape across Gage County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clatonia Tax Rate
1.89%
Average Gage County Tax Rate
1.83%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clatonia, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68328 | 1.47% | 1.50% | 1.89% | 1.89% | 1.89% |
Source: Ownwell
Property Tax Assessment Values Across Clatonia, Nebraska
In Clatonia, 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 Gage 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 Clatonia, 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. The median home price is $102,165, with tax bills ranging from $1,086 at the 25th percentile to $5,286 at the 90th percentile. The zip code 68328 has the highest and lowest median tax bill of $1,746. Being aware of these valuation processes in Clatonia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Clatonia Assessed Value
$102,165
Average Gage County Assessed Value
$108,335
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clatonia, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68328 | $39,055 | $62,610 | $102,165 | $197,650 | $351,840 |
Source: Ownwell
Property Tax Bills Across Clatonia, Nebraska
In Clatonia, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in the area is $102,165. The assessed value is determined by the county assessor, who evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, the tax bills in Clatonia range significantly, with the 25th percentile at $1,086 and the 75th percentile at $3,015. Several factors influence the final tax bill, including property improvements, neighborhood developments, and overall market trends. Homeowners in Clatonia may experience varying tax burdens depending on these factors. Compared to the national median property tax rate of 0.99%, Clatonia's tax rates can result in higher or lower bills depending on individual property assessments and local levies. This variability can impact homeowners' financial planning and long-term investment in their properties.
Average Clatonia Tax Bill
$1,746
Average Gage County Tax Bill
$1,782
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Clatonia, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68328 | $471 | $1,086 | $1,746 | $3,015 | $5,286 |
Source: Ownwell