Amelia, Nebraska Property Taxes
The median property tax rate in Amelia, NE is 1.14%, slightly higher than the national median of 0.99% but notably lower than Nebraska's state median of 1.75%. With the median home value in Amelia at $26,688, the typical annual property tax bill amounts to $323, which is significantly less than the national median of $2,690. Property taxes in Amelia are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Amelia'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 Amelia 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
Amelia, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$304
$282
Ownwell’s Amelia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Amelia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Amelia 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 Amelia, Nebraska
Property taxes in Amelia, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Amelia is 1.14%, which is higher than the U.S. national median of 0.99%. Local government entities within Amelia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Amelia 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 Amelia's effective property tax rate to other areas in Holt County and the national median. For comparison, the zip code 68711 has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these areas compare with Amelia provides valuable insights into the varying tax landscape across Holt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Amelia Tax Rate
1.14%
Average Holt County Tax Rate
1.55%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Amelia, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68711 | 1.13% | 1.14% | 1.14% | 1.18% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Amelia, Nebraska
In Amelia, 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 Holt 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 Amelia, 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 Amelia is $26,688, with tax bills ranging from $26 at the 25th percentile to $1,802 at the 90th percentile. The zip code 68711 has the highest and lowest median tax bill, both at $323. Being aware of these valuation processes in Amelia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Amelia Assessed Value
$26,688
Average Holt County Assessed Value
$91,350
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Amelia, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68711 | $1,721 | $2,289 | $26,688 | $73,552 | $161,940 |
Source: Ownwell
Property Tax Bills Across Amelia, Nebraska
In Amelia, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value, which is influenced by factors such as location, property size, and home condition. For instance, with a median home price of $26,688, property taxes can vary significantly. Homeowners in the 25th percentile pay around $26 annually, while those in the 75th percentile face tax bills of approximately $829. At the higher end, the 90th percentile sees taxes reaching up to $1,802. These tax bills support essential public services like education, infrastructure, and emergency services. Although the median tax bill in Amelia is relatively low compared to the national median property tax rate of 0.99%, it can still impact homeowners' finances, especially those on fixed incomes. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan accordingly.
Average Amelia Tax Bill
$323
Average Holt County Tax Bill
$1,293
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Amelia, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68711 | $20 | $26 | $323 | $829 | $1,802 |
Source: Ownwell