Sargent, Nebraska Property Taxes
The median property tax rate in Sargent, NE is 0.95%, which is slightly below the national median of 0.99% and significantly lower than the Nebraska state median of 1.75%. With the median home value in Sargent at $210,750, the typical annual property tax bill amounts to $2,007, which is under the national median of $2,690. Property taxes in Sargent are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Sargent'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 Sargent or another part of Loup County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sargent, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$2,002
Ownwell’s Sargent Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sargent with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sargent 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 Sargent, Nebraska
Property taxes in Sargent, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sargent is 1.19%, higher than both the Nebraska state median of 1.61% and the U.S. national median of 0.99%. Local government entities within Sargent set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sargent 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 Sargent's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68874 zip code has the highest median property tax rate of 1.19%, while the 68874 zip code also has the lowest median tax rate of 1.19%. Understanding how these areas compare with Sargent provides valuable insights into the varying tax landscape across Loup County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sargent Tax Rate
0.95%
Average Loup County Tax Rate
0.97%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sargent, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68874 | 0.95% | 0.95% | 0.95% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Sargent, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Sargent, Nebraska. The market value represents 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 county's 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 Sargent, 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 Sargent helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $2007.00, found in zip code 68874.
Average Sargent Assessed Value
$210,750
Average Loup County Assessed Value
$136,618
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sargent, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68874 | $68,160 | $136,300 | $210,750 | $250,640 | $302,128 |
Source: Ownwell
Property Tax Bills Across Sargent, Nebraska
In Sargent, located in Loup County, NE, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the market value, which is determined by the county assessor. The median home price in Sargent stands at $210,750. Property tax rates in the area are influenced by local levies, school districts, and municipal budgets, among other factors. Homeowners in Sargent can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is around $1,294, while at the 75th percentile, it rises to approximately $2,373. Those at the 90th percentile might see tax bills as high as $2,884. The highest median tax bill recorded in the area is $2,007, which is notably higher than the national median property tax rate of 0.99%. These taxes play a crucial role in funding local services, impacting the cost of homeownership and the overall affordability of living in Sargent.
Average Sargent Tax Bill
$2,007
Average Loup County Tax Bill
$1,474
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Sargent, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68874 | $649 | $1,294 | $2,007 | $2,373 | $2,884 |
Source: Ownwell