Crab Orchard, Nebraska Property Taxes
The median property tax rate in Crab Orchard, Nebraska is 1.23%, which is higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $145,180 in Crab Orchard, the typical annual property tax bill amounts to $1,261, which is below the national median of $2,690. Property taxes in Crab Orchard are determined based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Crab Orchard's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in significant annual savings. Whether you reside in the heart of Crab Orchard or another part of Johnson County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Crab Orchard, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$1,786
-$18,714
Ownwell’s Crab Orchard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crab Orchard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crab Orchard 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 Crab Orchard, Nebraska
Property taxes in Crab Orchard, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crab Orchard is 1.23%, higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Crab Orchard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crab Orchard 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 Crab Orchard's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68332 zip code has the highest median property tax rate of 1.23%, while the same zip code also has the lowest median tax rate of 1.23%. Understanding how these cities compare with Crab Orchard provides valuable insights into the varying tax landscape across Johnson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crab Orchard Tax Rate
1.23%
Average Johnson County Tax Rate
1.77%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crab Orchard, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68332 | 1.10% | 1.11% | 1.23% | 1.32% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Crab Orchard, Nebraska
In Crab Orchard, 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 Johnson County Appraisal District 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 Crab Orchard, 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 Crab Orchard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,261 in zip code 68332, while the lowest median tax bill is also $1,261 in the same zip code.
Average Crab Orchard Assessed Value
$145,180
Average Johnson County Assessed Value
$88,760
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Crab Orchard, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68332 | $1,575 | $15,264 | $145,180 | $290,670 | $549,021 |
Source: Ownwell
Property Tax Bills Across Crab Orchard, Nebraska
In Crab Orchard, Johnson County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The median home price in this area is $145,180. Property taxes are computed by applying the local tax rate to this assessed value. For instance, homeowners in Crab Orchard may see tax bills ranging from $200 at the 25th percentile to $3,325 at the 75th percentile, with some bills even reaching $6,146 at the 90th percentile. This variability is influenced by factors such as property improvements, location, and market trends. Homeowners in Crab Orchard experience tax bills that can significantly impact their annual expenses. With the highest median tax bill in the area being $1,261, homeowners need to budget for these costs. Compared to the national median property tax rate of 0.99%, the rates in Crab Orchard can vary, affecting how much homeowners pay each year. Understanding these factors helps residents manage their finances and anticipate future tax obligations.
Average Crab Orchard Tax Bill
$1,261
Average Johnson County Tax Bill
$1,604
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Crab Orchard, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68332 | $21 | $200 | $1,261 | $3,325 | $6,146 |
Source: Ownwell