Crab Orchard, Nebraska Property Taxes
The median property tax rate in Crab Orchard, NE is 1.39%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Crab Orchard, the typical annual property tax bill reaches $3,550, exceeding the national median of $2,690. Property taxes in Crab Orchard 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 Crab Orchard'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 Crab Orchard 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
Crab Orchard, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.39%
Estimate Property Tax Bill
$3,557
$3,301
Ownwell’s Crab Orchard Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and prospective buyers to estimate their annual property taxes in Crab Orchard using just two data points. By simply entering your property's estimated assessed value, the calculator utilizes the median tax rate in Crab Orchard to provide an accurate estimate of your property tax bill. This valuable resource aids in understanding potential tax liabilities, allowing for better financial planning. For those interested in more granular insights, you can explore trends on a neighborhood level by scrolling down. Your property's assessed value, determined by the county, is crucial for property tax calculations and may include applicable exemptions.
Property Tax Rates Across Crab Orchard, Nebraska
Property taxes in Crab Orchard, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crab Orchard is 1.39%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Crab Orchard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crab Orchard 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 Crab Orchard's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68332 zip code has the highest median property tax rate of 1.39%, while the same zip code also records the lowest median tax rate of 1.39%. Understanding how these cities compare with Crab Orchard 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 Crab Orchard Tax Rate
1.39%
Average Gage County Tax Rate
1.83%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crab Orchard, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68332 | 1.39% | 1.39% | 1.39% | 1.39% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Crab Orchard, Nebraska
In Crab Orchard, 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 Crab Orchard, 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 Crab Orchard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 68332, with a median tax bill of $3,550.
Property Tax Assessment Values Across Crab Orchard, Nebraska
Source: Ownwell
$16,038
$555,279
$1,094,520
Average Crab Orchard Assessed Value
$255,890
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 Crab Orchard, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68332 | $221,858 | $234,620 | $255,890 | $277,160 | $289,922 |
Source: Ownwell
Property Tax Bills Across Crab Orchard, Nebraska
In Crab Orchard, located in Gage County, NE, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local tax assessors who evaluate the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as location, property size, and market conditions significantly influence the assessed value. Homeowners in Crab Orchard can expect varying tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is around $3,255, while the 75th percentile tax bill reaches approximately $3,845. At the 90th percentile, tax bills can be as high as $4,022. These figures highlight the impact of property taxes on homeowners, with higher-valued properties incurring larger tax bills. Compared to the national median property tax rate of 0.99%, homeowners in Crab Orchard experience a range of tax burdens, reflecting the diverse property values within the area.
Average Crab Orchard Tax Bill
$3,550
Average Gage County Tax Bill
$1,782
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Crab Orchard, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68332 | $3,078 | $3,255 | $3,550 | $3,845 | $4,022 |
Source: Ownwell