Palisade, Nebraska Property Taxes
The median property tax rate in Palisade, NE is 1.23%, which is higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in Palisade being $105,535, the typical annual property tax bill amounts to $1,563, which is below the national median of $2,690. Property taxes in Palisade are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Palisade'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 Palisade 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
Palisade, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$1,298
-$13,604
Ownwell’s Palisade Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Palisade with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Palisade 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 Palisade, Nebraska
Property taxes in Palisade, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Palisade is 1.23%, higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Palisade set these rates annually, and they can vary significantly across different neighborhoods. Each year, Palisade 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 Palisade's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69040 zip code has the highest median property tax rate of 1.23%, while also having the lowest median tax rate of 1.23%. Understanding how these cities compare with Palisade 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 Palisade Tax Rate
1.23%
Average Hayes County Tax Rate
1.18%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Palisade, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69040 | 1.22% | 1.22% | 1.23% | 1.52% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Palisade, Nebraska
In Palisade, 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 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 Palisade, 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 median home price in Palisade is $105,535, with the 25th percentile tax bill at $654 and the 75th percentile at $3,123. The highest median tax bill is $1,563 in the 69040 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 Palisade Assessed Value
$105,535
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 Palisade, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69040 | $10,213 | $29,008 | $105,535 | $262,470 | $441,858 |
Source: Ownwell
Property Tax Bills Across Palisade, Nebraska
In Palisade, located in Hayes County, Nebraska, property tax bills are calculated based on the assessed value of your home. The local tax assessor determines this value, which typically reflects the market value of the property. Once the assessed value is established, the applicable tax rate is applied to calculate the annual tax bill. Several factors influence the final tax bill, including the property's location, size, and any improvements made. For example, the median home price in Palisade is $105,535. Homeowners can expect tax bills to vary widely, with the 25th percentile at $654 and the 75th percentile reaching $3,123. Those in the 90th percentile might see tax bills as high as $5,538. These property taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Understanding how these taxes are calculated can help homeowners anticipate their annual expenses and budget accordingly.
Average Palisade Tax Bill
$1,563
Average Hayes County Tax Bill
$1,612
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Palisade, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69040 | $233 | $654 | $1,563 | $3,123 | $5,538 |
Source: Ownwell