Ogallala, Nebraska Property Taxes
The median property tax rate in Ogallala, NE is 1.58%, which is significantly higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $116,640 in Ogallala, the typical annual property tax bill amounts to $1,778, which is below the national median of $2,690. Property taxes in Ogallala are determined based on the assessed value, which is often lower than the market value due to various exemptions, including those for primary residences and agricultural properties. Gaining a thorough understanding of Ogallala's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Ogallala or another part of the city, being well-informed about the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ogallala, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$1,843
$1,710
Ownwell’s Ogallala Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ogallala with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ogallala 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 Ogallala, Nebraska
Property taxes in Ogallala, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ogallala is 1.58%, significantly higher than the U.S. national median of 0.99%. Local government entities within Ogallala set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ogallala 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 Ogallala's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69153 zip code has both the highest and lowest median property tax rate of 1.58%. Understanding how these cities compare with Ogallala 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 Ogallala Tax Rate
1.58%
Average Keith County Tax Rate
1.22%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ogallala, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69153 | 1.22% | 1.22% | 1.58% | 1.58% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Ogallala, Nebraska
In Ogallala, 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 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 Ogallala, 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 Ogallala helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Ogallala is $116,640, with tax bills ranging from $1,021 at the 25th percentile to $4,770 at the 90th percentile. The zip code 69153 has the highest and lowest median tax bill, both at $1,778.
Average Ogallala Assessed Value
$116,640
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 Ogallala, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69153 | $35,722 | $69,000 | $116,640 | $190,525 | $344,515 |
Source: Ownwell
Property Tax Bills Across Ogallala, Nebraska
In Ogallala, property tax bills are calculated based on the assessed value of your home, which is determined by the Keith County assessor. This assessed value is typically a percentage of your home's market value. Once the assessed value is established, local tax rates are applied to calculate the annual property tax bill. For instance, the median home price in Ogallala is $116,640. Several factors influence the final tax bill, including local government budget needs, school district funding, and public service requirements. Homeowners in Ogallala experience a range of property tax bills, with the 25th percentile at $1,021 and the 75th percentile at $2,846. The 90th percentile can see tax bills as high as $4,770. The highest median tax bill in the area is $1,778, which is relatively moderate compared to the national median property tax rate of 0.99%. Understanding these factors can help homeowners anticipate their property tax obligations and budget accordingly.
Average Ogallala Tax Bill
$1,778
Average Keith County Tax Bill
$1,583
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Ogallala, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69153 | $489 | $1,021 | $1,778 | $2,846 | $4,770 |
Source: Ownwell