Kenesaw, Nebraska Property Taxes
The median property tax rate in Kenesaw, NE is 1.38%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Kenesaw at $328,870, the typical annual property tax bill reaches $4,702, exceeding the national median of $2,690. Property taxes in Kenesaw 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 Kenesaw'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 Kenesaw 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
Kenesaw, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$4,538
Ownwell’s Kenesaw Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kenesaw with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kenesaw 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 Kearney County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Kenesaw, Nebraska
Property taxes in Kenesaw, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kenesaw is 1.38%, significantly higher than the U.S. national median of 0.99%. Local government entities within Kenesaw set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kenesaw 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 Kenesaw's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68956 zip code has both the highest and lowest median property tax rate of 1.38%. Understanding how these cities compare with Kenesaw provides valuable insights into the varying tax landscape across Kearney County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kenesaw Tax Rate
1.38%
Average Kearney County Tax Rate
1.71%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kenesaw, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68956 | 1.19% | 1.20% | 1.38% | 1.39% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Kenesaw, Nebraska
In Kenesaw, 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 Kearney 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 Kenesaw, 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. The median home price in Kenesaw is $328,870, with tax bills ranging from $2,352 at the 25th percentile to $12,112 at the 90th percentile. 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 Kenesaw helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kenesaw Assessed Value
$328,870
Average Kearney County Assessed Value
$148,680
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kenesaw, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68956 | $133,245 | $170,955 | $328,870 | $629,390 | $866,263 |
Source: Ownwell
Property Tax Bills Across Kenesaw, Nebraska
In Kenesaw, located in Kearney County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Kenesaw is $328,870. Property taxes are then applied to this assessed value using the local tax rate. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. Homeowners in Kenesaw can expect varying tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is $2,352, while the 75th percentile tax bill rises to $8,139. The 90th percentile tax bill reaches as high as $12,112. These figures highlight the range of property tax obligations within the city, reflecting differences in property values and assessment practices. Compared to the national median property tax rate of 0.99%, Kenesaw's tax rates can significantly impact homeowners, influencing their financial planning and long-term investment in their properties.
Average Kenesaw Tax Bill
$4,702
Average Kearney County Tax Bill
$2,442
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Kenesaw, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68956 | $1,910 | $2,352 | $4,702 | $8,139 | $12,112 |
Source: Ownwell