Greeley, Nebraska Property Taxes
The median property tax rate in Greeley, NE is 2.27%, significantly higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Greeley, the typical annual property tax bill reaches $1,564, which is below the national median of $2,690. Property taxes in Greeley 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 Greeley'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 Greeley 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
Greeley, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.27%
Estimate Property Tax Bill
$1,714
Ownwell’s Greeley Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Greeley with ease. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Greeley to provide an estimate of your property tax bill. This valuable tool helps you anticipate potential tax liabilities, ensuring you’re well-prepared for financial planning. For those interested in diving deeper into neighborhood-specific trends, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Greeley, Nebraska
Property taxes in Greeley, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Greeley is 2.27%, significantly higher than the U.S. national median of 0.99%. Local government entities within Greeley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greeley 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 Greeley's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68842 has both the highest and lowest median property tax rate of 2.27%. Understanding how these areas compare with Greeley provides valuable insights into the varying tax landscape across Greeley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Greeley Tax Rate
2.27%
Average Greeley County Tax Rate
1.34%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greeley, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68842 | 1.17% | 1.19% | 2.27% | 2.27% | 2.27% |
Source: Ownwell
Property Tax Assessment Values Across Greeley, Nebraska
In Greeley, 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 local 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 Greeley, 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 zip code with the highest median tax bill is 68842, with a bill of $1,564, while the lowest is also 68842, at $1,564. Being aware of these valuation processes in Greeley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Greeley Assessed Value
$75,508
Average Greeley County Assessed Value
$86,605
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Greeley, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68842 | $18,696 | $40,304 | $75,508 | $166,354 | $600,334 |
Source: Ownwell
Property Tax Bills Across Greeley, Nebraska
In Greeley, Nebraska, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Greeley is $75,508. Property taxes are determined by multiplying the assessed value by the local tax rate, which can vary significantly within the area. Homeowners in the 25th percentile can expect an annual tax bill around $842, while those in the 75th percentile may see bills as high as $3,217. For the top 10% of homeowners, tax bills can reach up to $6,783. Factors influencing the tax bill include property size, location, and any applicable exemptions. The assessed value is generally based on the market value of the property, which is reassessed periodically. Compared to the national median property tax rate of 0.99%, Greeley's rates can result in a wide range of tax bills. This variability affects homeowners differently, with some paying significantly more or less than the national average, impacting their overall financial planning and homeownership costs.
Average Greeley Tax Bill
$1,564
Average Greeley County Tax Bill
$1,502
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Greeley, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68842 | $369 | $842 | $1,564 | $3,217 | $6,783 |
Source: Ownwell