Ord, Nebraska Property Taxes
The median property tax rate in ORD, 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 ORD, the typical annual property tax bill reaches $4,767, exceeding the national median of $2,690. Property taxes in ORD 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 ORD'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 ORD 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
Ord, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.39%
Estimate Property Tax Bill
$4,782
Ownwell’s ORD Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ORD with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ORD 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 Ord, Nebraska
Property taxes in ORD, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in ORD is 1.39%, significantly higher than the U.S. national median of 0.99%. Local government entities within ORD set these rates annually, and they can vary significantly across different neighborhoods. Each year, ORD 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 ORD's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68862 zip code has both the highest and lowest median property tax rate of 1.39%. Understanding how these cities compare with ORD provides valuable insights into the varying tax landscape across Garfield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ord Tax Rate
1.39%
Average Garfield County Tax Rate
1.40%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ord, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68862 | 1.30% | 1.36% | 1.39% | 1.40% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Ord, Nebraska
In ORD, 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 Garfield 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 ORD, 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 ORD helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 68862, with a tax bill of $4,767.
Average Ord Assessed Value
$344,028
Average Garfield County Assessed Value
$110,466
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ord, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68862 | $107,790 | $178,965 | $344,028 | $424,375 | $492,846 |
Source: Ownwell
Property Tax Bills Across Ord, Nebraska
In ORD, located in Garfield County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by county assessors. The assessed value is a percentage of the market value of the property. With a median home price of $344,028, the tax bill for homeowners can vary significantly. For instance, those in the 25th percentile pay around $2,499 annually, while those in the 75th percentile see bills closer to $5,511. At the 90th percentile, tax bills can reach up to $6,546. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Garfield County's rates can result in varying tax burdens for homeowners. This variability can significantly impact household budgets, making it essential for homeowners to understand how their tax bills are determined and to explore potential exemptions or appeals to ensure they are not overpaying.
Average Ord Tax Bill
$4,767
Average Garfield County Tax Bill
$2,095
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Ord, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68862 | $1,510 | $2,499 | $4,767 | $5,511 | $6,546 |
Source: Ownwell