Cairo, Nebraska Property Taxes
The median property tax rate in Cairo, NE is 1.24%, 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 Cairo at $274,311, the typical annual property tax bill reaches $3,398, surpassing the national median of $2,690. Property taxes in Cairo are calculated based on the tax assessed value, which often falls below the market value due to exemptions like primary residence and agricultural exemptions. Understanding Cairo'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 Cairo 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
Cairo, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$3,401
Ownwell’s Cairo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cairo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cairo 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 Cairo, Nebraska
Property taxes in Cairo, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cairo is 1.24%, significantly higher than the U.S. national median of 0.99%. Local government entities within Cairo set these rates annually, and they can vary across different neighborhoods. Each year, Cairo 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 Cairo's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68824 zip code has the highest median property tax rate of 1.24%, while the same zip code also has the lowest median tax rate of 1.24%. Understanding how these cities compare with Cairo provides valuable insights into the varying tax landscape across Howard County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cairo Tax Rate
1.24%
Average Howard County Tax Rate
1.32%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cairo, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68824 | 1.22% | 1.23% | 1.24% | 1.24% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Cairo, Nebraska
In Cairo, 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 Howard 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 Cairo, 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 Cairo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 68824, at $3,398, which is significantly above the national median property tax rate of 0.99%.
Average Cairo Assessed Value
$274,311
Average Howard County Assessed Value
$166,027
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cairo, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68824 | $131,237 | $170,059 | $274,311 | $394,991 | $843,759 |
Source: Ownwell
Property Tax Bills Across Cairo, Nebraska
In Cairo, located in Howard County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is then multiplied by the local property tax rate to calculate the annual tax bill. For instance, with a median home price of $274,311, homeowners can expect varying tax bills depending on their specific property assessments and applicable exemptions. Factors influencing the tax bill include the property's market value, any applicable exemptions, and the local tax rate. In Howard County, the tax bill for the 25th percentile is around $2,107, while the 75th percentile sees bills of approximately $4,847. At the 90th percentile, homeowners might face tax bills as high as $10,338. The highest median tax bill reported in the area is $3,398, which is significantly higher than the national median property tax rate of 0.99%. These tax bills significantly impact homeowners, affecting their annual budgets and long-term financial planning. Understanding how these taxes are calculated helps homeowners anticipate and manage their financial obligations effectively.
Average Cairo Tax Bill
$3,398
Average Howard County Tax Bill
$2,390
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Cairo, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68824 | $1,626 | $2,107 | $3,398 | $4,847 | $10,338 |
Source: Ownwell