Elsie, Nebraska Property Taxes
The median property tax rate in Elsie, NE is 1.04%, slightly higher than the national median of 0.99% but lower than Nebraska's state median of 1.75%. With a median home value of $203,402 in Elsie, the typical annual property tax bill amounts to $2,153, which is below the national median of $2,690. Property taxes in Elsie 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 Elsie's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in significant annual savings. Whether you're in the heart of Elsie or another part of Hayes County, a thorough grasp of the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Elsie, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$2,115
-$22,169
Ownwell’s Elsie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Elsie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Elsie 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 Elsie, Nebraska
Property taxes in Elsie, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Elsie is 1.25%, which is significantly higher than both the Nebraska state median of 1.61% and the U.S. national median of 0.99%. Local government entities within Elsie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Elsie 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 Elsie's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69134 zip code has both the highest and lowest median property tax rate of 1.25%. Understanding how these cities compare with Elsie provides valuable insights into the varying tax landscape across Hayes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Elsie Tax Rate
1.04%
Average Hayes County Tax Rate
1.18%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elsie, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69134 | 1.04% | 1.04% | 1.04% | 1.06% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Elsie, Nebraska
In Elsie, 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 Hayes 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 Elsie, 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 Elsie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Hayes County, the median home price is $203,402, with tax bills ranging from $1,164 at the 25th percentile to $4,588 at the 90th percentile. The zip code 69134 has both the highest and lowest median tax bill at $2,153.
Average Elsie Assessed Value
$203,402
Average Hayes County Assessed Value
$126,295
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Elsie, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69134 | $87,276 | $111,889 | $203,402 | $316,739 | $432,433 |
Source: Ownwell
Property Tax Bills Across Elsie, Nebraska
In Elsie, property tax bills are calculated based on the assessed value of a home and the local tax rate set by Hayes County. The assessed value is a percentage of the market value of the property, which is determined by the county assessor's office. For instance, with a median home price of $203,402, the tax bill can vary significantly depending on the assessment and applicable exemptions. Homeowners in Elsie can expect tax bills ranging from $1,164 at the 25th percentile to $4,588 at the 90th percentile. The median property tax bill in the 69134 ZIP code is $2,153, which is higher than the national median property tax rate of 0.99%. These taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Therefore, understanding how property tax bills are calculated helps homeowners anticipate their financial obligations and plan accordingly.
Average Elsie Tax Bill
$2,153
Average Hayes County Tax Bill
$1,612
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Elsie, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69134 | $912 | $1,164 | $2,153 | $3,286 | $4,588 |
Source: Ownwell