Keystone, Nebraska Property Taxes
The median property tax rate in Keystone, NE is 1.22%, which is notably higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in Keystone at $126,305, the typical annual property tax bill amounts to $1,290, falling below the national median of $2,690. Property taxes in Keystone are determined based on the assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Keystone's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in significant annual savings. Whether you're in the heart of Keystone or another part of Keith County, mastering the local property tax landscape will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Keystone, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$1,541
Ownwell’s Keystone Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Keystone with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Keystone 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 Keystone, Nebraska
Property taxes in Keystone, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Keystone is 1.22%, higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Keystone set these rates annually, and they can vary significantly across different neighborhoods. Each year, Keystone 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 Keystone's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 69144 has both the highest and lowest median property tax rate of 1.22%. Understanding how these areas compare with Keystone provides valuable insights into the varying tax landscape across Keith County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Keystone Tax Rate
1.22%
Average Keith County Tax Rate
1.22%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Keystone, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69144 | 0.92% | 0.92% | 1.22% | 1.22% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Keystone, Nebraska
In Keystone, 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 Keith 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 Keystone, 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. For instance, the median home price in Keystone is $126,305. Property tax bills can vary significantly, with the 25th percentile tax bill at $450 and the 75th percentile at $4,099. The highest median tax bill in the area is $1,290 in zip code 69144. 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 Keystone helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Keystone Assessed Value
$126,305
Average Keith County Assessed Value
$113,500
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Keystone, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69144 | $8,925 | $44,884 | $126,305 | $369,495 | $661,585 |
Source: Ownwell
Property Tax Bills Across Keystone, Nebraska
In Keystone, located in Keith County, NE, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in this area is $126,305. Once the property is assessed, the local tax rate is applied to this value to calculate the annual tax bill. Factors such as the property's location, size, and any applicable exemptions are considered in this assessment process. Homeowners in Keystone experience a range of tax bills. For instance, the 25th percentile tax bill is $450, indicating that a quarter of homeowners pay this amount or less annually. On the higher end, the 75th percentile tax bill reaches $4,099, while the 90th percentile tax bill can be as high as $7,505. The zip code 69144 has the highest median tax bill at $1,290, which is still relatively modest compared to the national median property tax rate of 0.99%. These taxes significantly impact homeowners, influencing their annual budgets and long-term financial planning.
Average Keystone Tax Bill
$1,290
Average Keith County Tax Bill
$1,583
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Keystone, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69144 | $108 | $450 | $1,290 | $4,099 | $7,505 |
Source: Ownwell