Grant County Property Taxes
The median property tax rate in Grant County is 0.80%, which is lower than both the national median of 0.99% and Nebraska's state median of 1.75%. With the median home value in Grant County, the typical annual property tax bill is $588, significantly below the national median of $2,690. Property taxes in Grant County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Grant County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Hyannis or another part of Grant County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Grant County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$383
Ownwell’s Grant County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Grant County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Grant County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Grant County, Nebraska
Property taxes in Grant County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Grant County is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities within Grant County set these rates annually, and they can vary significantly between different areas within the county. Each year, Grant County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Grant County's effective property tax rate with other counties in Nebraska and the national median. For comparison, the city of Hyannis has one of the higher property tax rates in Nebraska at 1.30%, while the city of Ashby boasts one of the lowest at 0.80%. Analyzing how Grant County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Grant County Tax Rate
0.80%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Grant County, Nebraska
In Grant County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Grant County Appraisal District. The assessed value, however, 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. Assessment notices in Grant County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. In Grant County, the highest median tax bill is found in Whitman at $1,406, while Ashby has the lowest at $397. Being aware of these valuation processes in Grant County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Grant County Assessed Value
$47,849
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Bills Across Grant County, Nebraska
In Grant County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in this county is $47,849. Homeowners then apply the local property tax rate to this assessed value to determine their annual tax bill. Several factors influence the final tax bill, including the home’s assessed value and any applicable exemptions or deductions. For instance, in Grant County, the 25th percentile tax bill is $216, while the 75th percentile tax bill reaches $1,904. At the 90th percentile, homeowners can expect a tax bill of $2,942. These figures highlight the variability in property tax bills within the county, influenced by differences in home values and specific tax rates applied. Compared to the national median property tax rate of 0.99%, the property tax rates in Grant County can significantly impact homeowners' annual expenses. This variability underscores the importance of understanding local property tax calculations and potential exemptions to manage costs effectively.
Average Grant County Tax Bill
$588
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690