Gladstone, Nebraska Property Taxes
The median property tax rate in Gladstone, NE is 1.51%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Gladstone, the typical annual property tax bill reaches $360, which is below the national median of $2,690. Property taxes in Gladstone are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Gladstone'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 Gladstone 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
Gladstone, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$361
Ownwell’s Gladstone Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gladstone with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gladstone 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 Gladstone, Nebraska
Property taxes in Gladstone, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gladstone is 1.51%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Gladstone set these rates annually, which can vary across different neighborhoods. Each year, Gladstone 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 Gladstone's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68352 has the highest median property tax rate of 1.51%, while the same zip code also has the lowest median tax rate of 1.51%. Understanding how these cities compare with Gladstone provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gladstone Tax Rate
1.51%
Average Jefferson County Tax Rate
1.75%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gladstone, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68352 | 1.51% | 1.51% | 1.51% | 1.51% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Gladstone, Nebraska
Understanding the difference between "market value" and "assessed value" is essential for comprehending property taxes in Gladstone, Nebraska. The market value represents 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 Jefferson 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 Gladstone, 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. Gladstone's median home price is $23,919, with a consistent median tax bill of $360 across all percentiles. The zip code 68352 holds both the highest and lowest median tax bills, each at $360. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Gladstone Assessed Value
$23,919
Average Jefferson County Assessed Value
$68,781
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gladstone, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68352 | $23,919 | $23,919 | $23,919 | $23,919 | $23,919 |
Source: Ownwell
Property Tax Bills Across Gladstone, Nebraska
In Gladstone, Jefferson County, NE, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. For homeowners in Gladstone, the median home price is $23,919, and the tax rate is applied to this value to determine the tax bill. Factors such as property improvements, neighborhood developments, and market conditions can influence the assessed value. In Gladstone, property tax bills are quite uniform, with the 25th, 75th, and 90th percentile tax bills all being $360. This consistency provides homeowners with a predictable annual expense. Compared to the national median property tax rate of 0.99%, Gladstone's property taxes are relatively straightforward and stable. Understanding how these taxes are calculated helps homeowners in Gladstone budget effectively and ensures they are prepared for their annual property tax obligations.
Average Gladstone Tax Bill
$360
Average Jefferson County Tax Bill
$1,295
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Gladstone, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68352 | $360 | $360 | $360 | $360 | $360 |
Source: Ownwell