Ashby, Nebraska Property Taxes
The median property tax rate in Ashby, NE is 0.80%, which is lower than both the national median of 0.99% and the Nebraska state median of 1.75%. With a median home value of $41,044 in Ashby, the typical annual property tax bill amounts to $397, significantly less than the national median of $2,690. Property taxes in Ashby are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Ashby’s property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Ashby or another part of Grant County, gaining insights into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ashby, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$328
Ownwell’s Ashby Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ashby with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ashby 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 Ashby, Nebraska
Property taxes in Ashby, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ashby is 0.80%, which is lower than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Ashby set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ashby 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 Ashby's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 69333 has both the highest and lowest median property tax rate of 0.80%. Understanding how these areas compare with Ashby provides valuable insights into the varying tax landscape across Grant County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ashby Tax Rate
0.80%
Average Grant County Tax Rate
0.80%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ashby, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69333 | 0.78% | 0.79% | 0.80% | 0.80% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Ashby, Nebraska
In Ashby, 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 Grant 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 Ashby, 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 Ashby helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Ashby is $397.00 in the 69333 zip code, while the lowest median tax bill is also $397.00 in the 69333 zip code.
Average Ashby Assessed Value
$41,044
Average Grant County Assessed Value
$47,849
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ashby, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69333 | $6,675 | $20,458 | $41,044 | $148,032 | $376,869 |
Source: Ownwell
Property Tax Bills Across Ashby, Nebraska
In Ashby, Grant County, NE, property tax bills are calculated based on the assessed value of a home. The assessment process involves determining the market value of the property, which is then multiplied by the local tax rate. With a median home price of $41,044, homeowners can expect varying tax bills depending on their property's assessed value. The tax bill at the 25th percentile is $136, while at the 75th percentile, it rises to $2,132. The 90th percentile sees tax bills as high as $3,156. Several factors influence these tax bills, including property size, location, and any improvements made to the home. Comparatively, the highest and lowest median tax bills in the area are both $397, indicating a relatively consistent tax rate within the zip code 69333. This system ensures that homeowners contribute a fair share towards local services and infrastructure, though it can significantly impact household budgets, especially for those with higher-valued properties.
Average Ashby Tax Bill
$397
Average Grant County Tax Bill
$588
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Ashby, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69333 | $48 | $136 | $397 | $2,132 | $3,156 |
Source: Ownwell