Keya Paha County Property Taxes
The median property tax rate in Keya Paha County is 0.67%, which is notably lower than both the national median of 0.99% and Nebraska's state median of 1.75%. With a median home value of $99,585, the typical annual property tax bill in Keya Paha County is $892, significantly below the national median of $2,690. Property taxes in Keya Paha County are calculated based on the tax assessed value, which is often less than the market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding the specific property tax system in Keya Paha County, exploring available exemptions, and identifying opportunities for property tax reductions can lead to considerable annual savings. Whether you reside in a city or a rural area within Keya Paha County, having a comprehensive understanding of local property taxes is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Keya Paha County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$667
Ownwell’s Keya Paha Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Keya Paha with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Keya Paha to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Keya Paha County, Nebraska
Property taxes in Keya Paha play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Keya Paha is 0.67%, which is lower than the U.S. national median of 0.99%. Local government entities within Keya Paha set these rates annually, and they can vary significantly between different areas within the county. Each year, Keya Paha estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Keya Paha's effective property tax rate with other counties in Nebraska and the national median. For comparison, the city of Ainsworth has one of the higher property tax rates in Nebraska at 0.69%, while the city of Newport boasts one of the lowest at 0.66%. Analyzing how Keya Paha's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Keya Paha County Tax Rate
0.67%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Keya Paha County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ainsworth | 0.66% | 0.68% | 0.69% | 0.69% | 0.69% |
| Mills | 0.65% | 0.65% | 0.66% | 0.67% | 0.67% |
| Naper | 0.67% | 0.67% | 0.67% | 0.67% | 0.67% |
| Newport | 0.65% | 0.65% | 0.66% | 0.67% | 0.67% |
| Sparks | 0.67% | 0.68% | 0.68% | 0.68% | 0.69% |
| Springview | 0.65% | 0.66% | 0.68% | 1.17% | 1.17% |
| Valentine | 0.68% | 0.68% | 0.68% | 0.68% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Keya Paha County, Nebraska
In Keya Paha County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Keya Paha Appraisal District. The assessed value, however, 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. Assessment notices in Keya Paha County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Valentine has the highest median tax bill at $3,779, while Naper has the lowest at $433. Being aware of these valuation processes in Keya Paha County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Keya Paha County, Nebraska
Source: Ownwell
$64,590
$312,010
$559,430
Average Keya Paha County Assessed Value
$99,585
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Keya Paha County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ainsworth | $27,379 | $101,255 | $205,920 | $267,464 | $384,848 |
| Mills | $12,155 | $72,050 | $174,140 | $265,965 | $490,675 |
| Naper | $64,590 | $64,590 | $64,590 | $64,590 | $64,590 |
| Newport | $15,831 | $100,489 | $251,215 | $339,312 | $551,763 |
| Sparks | $81,161 | $115,645 | $179,805 | $321,760 | $588,704 |
| Springview | $7,700 | $25,798 | $72,565 | $244,336 | $456,057 |
| Valentine | $87,056 | $87,800 | $559,430 | $656,260 | $861,430 |
Source: Ownwell
Property Tax Bills Across Keya Paha County, Nebraska
In Keya Paha County, NE, property tax bills are determined by a combination of the assessed value of the property and the local tax rate. The assessed value is a percentage of the market value of the home, which is then multiplied by the local tax rate to calculate the annual tax bill. For homeowners, this means that higher property values generally result in higher tax bills. In Keya Paha County, the median home price is $99,585. Property tax bills can vary significantly, with the 25th percentile at $294 and the 75th percentile reaching $1,867. At the 90th percentile, tax bills can go up to $3,434. For context, the highest median tax bill in the area is $3,779 in Valentine, while the lowest is $433 in Naper. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Comparing the county's property tax rate to the national median of 0.99%, homeowners can gauge where they stand relative to other regions.
Average Keya Paha County Tax Bill
$892
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Keya Paha County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ainsworth | $190 | $697 | $1,317 | $1,841 | $2,633 |
| Mills | $100 | $536 | $1,200 | $1,762 | $3,244 |
| Naper | $433 | $433 | $433 | $433 | $433 |
| Newport | $162 | $699 | $1,686 | $2,335 | $3,623 |
| Sparks | $561 | $793 | $1,221 | $2,173 | $3,989 |
| Springview | $81 | $262 | $779 | $1,758 | $3,218 |
| Valentine | $600 | $601 | $3,779 | $4,436 | $5,827 |
Source: Ownwell