Inman, Nebraska Property Taxes
The median property tax rate in Inman, NE is 1.52%, which is higher than the national median of 0.99% but lower than Nebraska's state median of 1.75%. With the median home value in Inman, the typical annual property tax bill is $372, significantly below the national median of $2,690. Property taxes in Inman are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Inman'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 Inman or another part of Holt County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Inman, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.52%
Estimate Property Tax Bill
$410
Ownwell’s INMAN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in INMAN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in INMAN 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 Inman, Nebraska
Property taxes in Inman, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Inman is 1.52%, significantly higher than the U.S. national median of 0.99%. Local government entities within Inman set these rates annually, and they can vary considerably across different neighborhoods. Each year, Inman 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 Inman's effective property tax rate to other areas in Nebraska and the national median. For comparison, the zip code 68742 has both the highest and lowest median property tax rate of 1.52%. Understanding how these areas compare with Inman 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 Inman Tax Rate
1.52%
Average Holt County Tax Rate
1.55%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Inman, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68742 | 1.21% | 1.34% | 1.52% | 1.56% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Inman, Nebraska
Inman, 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 Inman, 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 Inman helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 68742 has both the highest and lowest median tax bills, each at $372, reflecting the uniformity in tax assessments in the area.
Average Inman Assessed Value
$26,988
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 Inman, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68742 | $9,483 | $15,663 | $26,988 | $45,051 | $76,417 |
Source: Ownwell
Property Tax Bills Across Inman, Nebraska
In the city of Inman, located in Holt County, NE, property tax bills are calculated based on the assessed value of a home. The median home price in Inman is $26,988. Property tax rates are applied to this assessed value to determine the annual tax bill. For instance, homeowners in the 25th percentile can expect to pay around $223, while those in the 75th percentile might see a tax bill of approximately $653. At the higher end, in the 90th percentile, tax bills can reach up to $1,052. These taxes are essential for funding local services such as schools, public safety, and infrastructure. The median tax bill in Holt County stands at $372, which is notably lower than the national median property tax rate of 0.99%. This means that homeowners in Inman generally pay less in property taxes compared to many other areas across the country, making it financially advantageous for residents.
Average Inman Tax Bill
$372
Average Holt County Tax Bill
$1,293
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Inman, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68742 | $79 | $223 | $372 | $653 | $1,052 |
Source: Ownwell