Holdrege, Nebraska Property Taxes
The median property tax rate in Holdrege, NE is 1.33%, notably higher than the national median of 0.99% but below Nebraska's state median of 1.75%. With a median home value of $192,200 in Holdrege, the typical annual property tax bill amounts to $2,436, which is below the national median of $2,690. Property taxes in Holdrege are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Holdrege'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 Holdrege 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
Holdrege, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$2,556
Ownwell’s Holdrege Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Holdrege with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Holdrege 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 Holdrege, Nebraska
Property taxes in Holdrege, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Holdrege is 1.33%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Holdrege set these rates annually, and they can vary significantly across different neighborhoods. Each year, Holdrege 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 Holdrege's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68949 zip code has the highest median property tax rate of 1.33%, while the same zip code also has the lowest median tax rate of 1.33%. Understanding how these cities compare with Holdrege provides valuable insights into the varying tax landscape across Phelps County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Holdrege Tax Rate
1.33%
Average Harlan County Tax Rate
1.53%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Holdrege, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68949 | 1.08% | 1.31% | 1.33% | 1.33% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Holdrege, Nebraska
In Holdrege, 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 Harlan 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 Holdrege, 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. For instance, the highest median tax bill in Holdrege is $2,436 in the 68949 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Holdrege Assessed Value
$192,200
Average Harlan County Assessed Value
$72,830
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Holdrege, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68949 | $80,062 | $124,766 | $192,200 | $369,096 | $641,390 |
Source: Ownwell
Property Tax Bills Across Holdrege, Nebraska
In Holdrege, property tax bills are calculated based on the assessed value of a home, which reflects its market value. The tax rate is applied to this assessed value to determine the final tax bill. Factors influencing the tax bill include the home's location within Harlan County, local government budgets, and specific levies for schools and public services. Homeowners in Holdrege face varying tax burdens. For instance, the median home price stands at $192,200. The 25th percentile tax bill is approximately $1,526, while the 75th percentile tax bill reaches up to $4,904. For those in the 90th percentile, tax bills can soar to $7,737. The highest median tax bill recorded in the area is $2,436, which is notably higher than the national median property tax rate of 0.99%. These property taxes significantly impact homeowners by influencing their annual expenses and potentially affecting their ability to afford and maintain their homes. Understanding these factors is crucial for effective financial planning and property management.
Average Holdrege Tax Bill
$2,436
Average Harlan County Tax Bill
$1,149
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Holdrege, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68949 | $999 | $1,526 | $2,436 | $4,904 | $7,737 |
Source: Ownwell