Alliance, Nebraska Property Taxes
The median property tax rate in Alliance, NE is 1.58%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Alliance at $148,995, the typical annual property tax bill reaches $2,355, slightly below the national median of $2,690. Property taxes in Alliance 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 Alliance'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 Alliance 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
Alliance, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$2,354
$2,185
Ownwell’s Alliance Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alliance with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alliance 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 Alliance, Nebraska
Property taxes in Alliance, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alliance is 1.58%, significantly higher than the U.S. national median of 0.99%. Local government entities within Alliance set these rates annually, and they can vary across different neighborhoods. Each year, Alliance 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 Alliance's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 69301 in Morrill County has the highest median property tax rate of 1.58%, while the same zip code also has the lowest median tax rate of 1.58%. Understanding how these areas compare with Alliance provides valuable insights into the varying tax landscape across Box Butte County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alliance Tax Rate
1.58%
Average Morrill County Tax Rate
1.83%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alliance, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69301 | 1.57% | 1.58% | 1.58% | 1.59% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Alliance, Nebraska
In Alliance, 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 Morrill 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 Alliance, 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 Alliance helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Alliance is $148,995. The zip code with the highest median tax bill is 69301, with a tax bill of $2,355, which is also the lowest median tax bill in the area.
Average Alliance Assessed Value
$148,995
Average Morrill County Assessed Value
$78,985
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alliance, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69301 | $78,888 | $108,675 | $148,995 | $189,502 | $240,610 |
Source: Ownwell
Property Tax Bills Across Alliance, Nebraska
In Alliance, located in Morrill 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 an estimation of the property's worth, which is then multiplied by the local tax rate to calculate the annual tax bill. For example, with a median home price of $148,995, homeowners can expect their tax bills to vary significantly. The 25th percentile tax bill is around $1,744, while the 75th percentile reaches up to $2,993, and the 90th percentile can be as high as $3,849. These figures are influenced by factors such as property improvements, neighborhood developments, and market trends. Compared to the national median property tax rate of 0.99%, Alliance's property tax rates reflect the local economic conditions and budgetary needs. Homeowners need to be aware of these factors as they directly impact their annual financial obligations, making it essential to stay informed about property assessments and potential exemptions.
Average Alliance Tax Bill
$2,355
Average Morrill County Tax Bill
$1,479
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Alliance, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69301 | $1,247 | $1,744 | $2,355 | $2,993 | $3,849 |
Source: Ownwell