Saint Libory, Nebraska Property Taxes
The median property tax rate in Saint Libory, Nebraska is 1.75%, significantly higher than the national median of 0.99%. With the median home value in Saint Libory, the typical annual property tax bill reaches $3,586, far exceeding the national median of $2,690. Property taxes in Saint Libory 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 Saint Libory'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 Saint Libory 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
Saint Libory, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$2,029
Ownwell’s Saint Libory Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Libory with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Libory 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 Howard County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Saint Libory, Nebraska
Property taxes in Saint Libory, Nebraska, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Libory is 1.62%, significantly higher than both the Nebraska state median of 1.61% and the U.S. national median of 0.99%. Local government entities within Saint Libory set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Libory 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 Saint Libory's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68872 zip code has the highest median property tax rate of 1.62%, while the same 68872 zip code also has the lowest median tax rate of 1.62%. Understanding how these figures compare with Saint Libory 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 Saint Libory Tax Rate
0.99%
Average Howard County Tax Rate
1.32%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Libory, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68872 | 0.98% | 0.99% | 0.99% | 0.99% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Saint Libory, Nebraska
In Saint Libory, 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 Saint Libory, 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 Saint Libory helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Saint Libory is $204,953, with the highest and lowest median tax bills being $2,007 in the 68872 zip code.
Average Saint Libory Assessed Value
$204,953
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 Saint Libory, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68872 | $101,451 | $139,710 | $204,953 | $357,608 | $639,818 |
Source: Ownwell
Property Tax Bills Across Saint Libory, Nebraska
In Saint Libory, located in Howard County, NE, property tax bills are calculated based on the assessed value of a home, which reflects its market value. The local tax rate is applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $204,953, homeowners can expect varying tax bills. The 25th percentile tax bill is $1,364, while the 75th percentile reaches $3,622, and the 90th percentile can be as high as $6,415. These tax bills are influenced by factors such as property size, location, and any applicable exemptions. Comparatively, the median property tax bill in Saint Libory is $2,007, which is higher than the national median property tax rate of 0.99%. This impacts homeowners by adding a significant annual expense, potentially affecting their overall financial planning and home affordability. Understanding these factors helps homeowners anticipate their property tax obligations and manage their finances more effectively.
Average Saint Libory Tax Bill
$2,007
Average Howard County Tax Bill
$2,390
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Libory, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68872 | $864 | $1,364 | $2,007 | $3,622 | $6,415 |
Source: Ownwell