Upland, Nebraska Property Taxes
The median property tax rate in Upland, NE is 1.26%, considerably higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in Upland at $686,015, the typical annual property tax bill reaches $8,589, significantly exceeding the national median of $2,690. Property taxes in Upland 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 Upland'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 Upland 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
Upland, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$8,644
Ownwell’s Upland Property Tax Bill Calculator assists homeowners, real estate investors, and prospective buyers in estimating their annual property taxes in Upland with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Upland to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed insights, localized information on neighborhood trends is available further down. Your property’s assessed value is determined by the county and is used for property tax calculations, factoring in any applicable exemptions.
Property Tax Rates Across Upland, Nebraska
Property taxes in Upland, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Upland is 1.26%, higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Upland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Upland 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 Upland's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68981 zip code has the highest median property tax rate of 1.26%, while the same zip code also has the lowest median tax rate of 1.26%. Understanding how these cities compare with Upland 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 Upland Tax Rate
1.26%
Average Kearney County Tax Rate
1.71%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Upland, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68981 | 1.14% | 1.25% | 1.26% | 1.26% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Upland, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Upland, Nebraska. 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 Upland, 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 Upland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 68981 has the highest and lowest median tax bill, both at $8,589, indicating a uniformity in tax assessments in this area.
Average Upland Assessed Value
$686,015
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 Upland, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68981 | $146,154 | $323,542 | $686,015 | $834,119 | $1,041,342 |
Source: Ownwell
Property Tax Bills Across Upland, Nebraska
In Upland, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is a percentage of the market value of the property, reflecting its worth in the current real estate market. The tax rate, applied to this assessed value, is set by local government entities and can vary depending on the specific needs of the community. Several factors influence the final tax bill, including the property's location, the quality of local services, and the overall budget requirements of Kearney County. For example, in Upland, homeowners can expect a median property tax bill that varies significantly. At the 25th percentile, the tax bill is around $4,094, while at the 75th percentile, it rises to approximately $10,467. These variations can have a substantial impact on homeowners, affecting their annual budgeting and long-term financial planning. Compared to the national median property tax rate of 0.99%, Upland's rates reflect the specific economic and community needs of the area.
Average Upland Tax Bill
$8,589
Average Kearney County Tax Bill
$2,442
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Upland, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68981 | $1,803 | $4,094 | $8,589 | $10,467 | $13,041 |
Source: Ownwell