Adams, Nebraska Property Taxes
The median property tax rate in Adams, NE is 1.19%, which is higher than the national median of 0.99% but lower than Nebraska's state median of 1.75%. With a median home value of $381,300 in Adams, the typical annual property tax bill reaches $4,158, surpassing the national median of $2,690. Property taxes in Adams are calculated based on the assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Adams' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Adams 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
Adams, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$4,537
$4,211
Ownwell's Adams Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers aiming to estimate their annual property taxes in Adams. By simply entering your property's estimated assessed value, the calculator utilizes the median tax rate in Adams to provide an accurate estimate of your property tax bill. This powerful tool offers clarity on potential tax liabilities, helping you plan your finances more effectively. For those interested in more granular details, scrolling down reveals trends and insights at the neighborhood level. Your property's assessed value, determined by the county, is essential for these calculations and takes into account any applicable exemptions.
Property Tax Rates Across Adams, Nebraska
Property taxes in Adams, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Adams is 1.19%, higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Adams set these rates annually, and they can vary significantly across different neighborhoods. Each year, Adams 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 Adams's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68301 has both the highest and lowest median property tax rate of 1.19%. Understanding how these cities compare with Adams provides valuable insights into the varying tax landscape across Lancaster County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Adams Tax Rate
1.19%
Average Lancaster County Tax Rate
1.51%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Adams, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68301 | 0.91% | 1.11% | 1.19% | 1.26% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Adams, Nebraska
In Adams, 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 Lancaster 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 Adams, 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 Adams helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Adams are both $4,158, found in the 68301 zip code.
Average Adams Assessed Value
$381,300
Average Lancaster County Assessed Value
$238,100
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Adams, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68301 | $235,000 | $295,700 | $381,300 | $407,400 | $623,200 |
Source: Ownwell
Property Tax Bills Across Adams, Nebraska
In Adams, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. For instance, with a median home price of $381,300, the tax bill can vary significantly based on the assessed value and the specific tax rates applied. The tax bill at the 25th percentile is $3,221, while at the 75th percentile, it reaches $5,092. At the 90th percentile, homeowners may see tax bills as high as $7,051. Several factors influence the tax bill, including the home's assessed value, which is generally a percentage of the market value, and the tax rate set by local authorities. Homeowners in Adams should be aware that the highest and lowest median tax bills in the area are both $4,158, indicating a relatively stable tax environment. Compared to the national median property tax rate of 0.99%, the property tax rates in Adams can have a significant impact on homeowners, affecting their annual financial planning and overall cost of homeownership.
Average Adams Tax Bill
$4,158
Average Lancaster County Tax Bill
$3,561
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Adams, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68301 | $2,198 | $3,221 | $4,158 | $5,092 | $7,051 |
Source: Ownwell