Lindsay, Nebraska Property Taxes
The median property tax rate in Lindsay, NE is 1.30%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Lindsay at $365,430, the typical annual property tax bill reaches $4,590, exceeding the national median of $2,690. Property taxes in Lindsay are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lindsay'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 Lindsay 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
Lindsay, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$4,751
Ownwell’s Lindsay Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lindsay with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lindsay 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 Lindsay, Nebraska
Property taxes in Lindsay, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lindsay is 1.30%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Lindsay set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lindsay 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 Lindsay's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68644 in Madison County has the same median property tax rate of 1.30%. Understanding how these cities compare with Lindsay provides valuable insights into the varying tax landscape across Madison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lindsay Tax Rate
1.30%
Average Madison County Tax Rate
1.88%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lindsay, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68644 | 0.87% | 1.28% | 1.30% | 1.41% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Lindsay, Nebraska
In Lindsay, 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 Madison 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 Lindsay, 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 Lindsay helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 68644 has the highest median tax bill at $4,590, which is notably above the national median property tax rate of 0.99%.
Average Lindsay Assessed Value
$365,430
Average Madison County Assessed Value
$158,492
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lindsay, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68644 | $124,244 | $234,726 | $365,430 | $847,599 | $924,590 |
Source: Ownwell
Property Tax Bills Across Lindsay, Nebraska
In Lindsay, located in Madison County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $365,430, homeowners can expect varying tax bills. The tax bill for the 25th percentile is around $2,816, while those in the 75th percentile face a significantly higher bill of $11,089. At the 90th percentile, the tax bill can reach up to $12,870. Several factors influence the assessed value, including the property's market value, improvements, and any applicable exemptions. This system ensures that homeowners contribute to local services such as schools, infrastructure, and emergency services. Comparing these figures to the national median property tax rate of 0.99%, it becomes evident that property taxes in Lindsay vary significantly, impacting homeowners differently based on their property's assessed value.
Average Lindsay Tax Bill
$4,590
Average Madison County Tax Bill
$2,934
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Lindsay, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68644 | $1,731 | $2,816 | $4,590 | $11,089 | $12,870 |
Source: Ownwell