Hayes Center, Nebraska Property Taxes
The median property tax rate in Hayes Center, NE is 1.06%, slightly above the national median of 0.99% but lower than Nebraska's state median of 1.75%. With a median home value of $92,695 in Hayes Center, the typical annual property tax bill amounts to $1,198, which is below the national median of $2,690. Property taxes in Hayes Center are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Hayes Center'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 Hayes Center 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
Hayes Center, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$983
-$10,297
Ownwell’s Hayes Center Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Hayes Center with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hayes Center 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 Hayes Center, Nebraska
Property taxes in Hayes Center, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hayes Center is 1.06%, higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Hayes Center set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hayes Center 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 Hayes Center's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69032 zip code has the highest median property tax rate of 1.06%, while the same zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with Hayes Center 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 Hayes Center Tax Rate
1.06%
Average Hayes County Tax Rate
1.18%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hayes Center, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69032 | 1.04% | 1.04% | 1.06% | 1.56% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Hayes Center, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hayes Center, Nebraska. 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 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 Hayes Center, 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 Hayes Center helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,198, found in zip code 69032.
Average Hayes Center Assessed Value
$92,695
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 Hayes Center, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69032 | $24,475 | $39,480 | $92,695 | $231,905 | $487,504 |
Source: Ownwell
Property Tax Bills Across Hayes Center, Nebraska
In Hayes Center, Nebraska, property tax bills are calculated based on the assessed value of a property, which is determined by the Hayes County Assessor's Office. The assessed value typically reflects a percentage of the market value of the home. Homeowners in Hayes Center can expect their property tax bills to be influenced by several factors, including the local tax rate and any applicable exemptions or deductions. For instance, with a median home price of $92,695, the property tax bills in Hayes Center can vary significantly. The 25th percentile tax bill is around $585, while the 75th percentile reaches up to $2,512. At the higher end, the 90th percentile tax bill can soar to $5,048. The median property tax bill in Hayes Center is $1,198, which is higher than the national median property tax rate of 0.99%. These property tax bills directly impact homeowners by influencing their monthly mortgage payments and overall housing affordability. Higher property taxes can strain household budgets, while lower taxes can provide some financial relief.
Average Hayes Center Tax Bill
$1,198
Average Hayes County Tax Bill
$1,612
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Hayes Center, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69032 | $365 | $585 | $1,198 | $2,512 | $5,048 |
Source: Ownwell