Spalding, Nebraska Property Taxes
The median property tax rate in Spalding, NE is 1.34%, which is considerably higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in Spalding at $101,482, the typical annual property tax bill reaches $1,219, still below the national median of $2,690. Property taxes in Spalding are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Spalding'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 Spalding 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
Spalding, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.34%
Estimate Property Tax Bill
$1,360
$1,262
Ownwell’s Spalding Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Spalding. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Spalding to provide an accurate estimate of your property tax bill. This valuable resource helps you understand potential tax liabilities with ease. For those interested in more detailed trends at the neighborhood level, additional localized information is available by scrolling down. Your property’s assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Spalding, Nebraska
Property taxes in Spalding, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Spalding is 1.34%, significantly higher than the U.S. national median of 0.99%. Local government entities within Spalding set these rates annually, and they can vary significantly across different neighborhoods. Each year, Spalding 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 Spalding's effective property tax rate to other areas in Nebraska and the national median. For comparison, the zip code 68665 has both the highest and lowest median property tax rate of 1.34%. Understanding how these areas compare with Spalding 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 Spalding Tax Rate
1.34%
Average Greeley County Tax Rate
1.34%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Spalding, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68665 | 0.84% | 0.86% | 1.34% | 1.34% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Spalding, Nebraska
In Spalding, 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 Greeley 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 Spalding, 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 Spalding helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Spalding is $1,219 in zip code 68665, while the lowest is also $1,219 in the same zip code, reflecting a consistent tax environment.
Average Spalding Assessed Value
$101,482
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 Spalding, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68665 | $30,846 | $52,132 | $101,482 | $235,934 | $671,816 |
Source: Ownwell
Property Tax Bills Across Spalding, Nebraska
In Spalding, property tax bills are calculated based on the assessed value of a home, which is determined by the local county assessor. The assessed value is a percentage of the property's market value. Various factors such as the property's location, size, and condition are considered during the assessment. Homeowners in Spalding experience a range of property tax bills. For instance, the 25th percentile tax bill is $609, indicating that 25% of homeowners pay this amount or less. On the higher end, the 75th percentile tax bill is $2,602, while the 90th percentile reaches up to $5,786, reflecting the diverse property values within the area. The median home price in Spalding is $101,482, which influences the overall tax burden. Compared to the national median property tax rate of 0.99%, Spalding's property tax bills illustrate the variability in local tax rates and their impact on homeowners. This system ensures that property taxes are proportionate to the value of each home, affecting homeowners differently based on their property's assessed value.
Average Spalding Tax Bill
$1,219
Average Greeley County Tax Bill
$1,502
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Spalding, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68665 | $361 | $609 | $1,219 | $2,602 | $5,786 |
Source: Ownwell