Angora, Nebraska Property Taxes
The median property tax rate in Angora, NE is 1.59%, which is notably higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $184,005 in Angora, the typical annual property tax bill amounts to $2,920, surpassing the national median of $2,690. Property taxes in Angora are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Angora'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 Angora or another part of Morrill County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Angora, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.59%
Estimate Property Tax Bill
$2,926
$2,715
Ownwell’s Angora Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Angora with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Angora to project your property tax bill. This valuable tool provides insight into potential tax liabilities. For those interested in more granular details, additional localized information is available by scrolling down. Your property’s assessed value is determined by Morrill County for property tax purposes, considering any applicable exemptions.
Property Tax Rates Across Angora, Nebraska
Property taxes in Angora, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Angora is 1.59%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Angora set these rates annually, and they can vary significantly across different neighborhoods. Each year, Angora 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 Angora's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69331 zip code has the highest median property tax rate of 1.59%, while the same zip code also has the lowest median tax rate of 1.59%. Understanding how these areas compare with Angora provides valuable insights into the varying tax landscape across Morrill County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Angora Tax Rate
1.59%
Average Morrill County Tax Rate
1.83%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Angora, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69331 | 1.56% | 1.58% | 1.59% | 1.60% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Angora, Nebraska
In Angora, 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 Angora, 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 Angora helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Angora is $2920 in zip code 69331, while the lowest is also $2920 in the same zip code.
Average Angora Assessed Value
$184,005
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 Angora, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69331 | $58,070 | $90,592 | $184,005 | $311,192 | $479,705 |
Source: Ownwell
Property Tax Bills Across Angora, Nebraska
Property tax bills in Angora, Morrill County, NE, are calculated based on the assessed value of a property. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. Homeowners in Angora see a wide range of tax bills due to variations in property values and local tax rates. For instance, the 25th percentile tax bill is $1,435, while the 75th percentile tax bill reaches $4,981, and the 90th percentile tax bill is as high as $7,487. These figures indicate that homeowners with higher-valued properties pay significantly more in property taxes. The median home price in Angora is $184,005, which is relatively modest compared to national figures. However, the property tax rate in Angora can lead to substantial differences in tax bills, affecting homeowners' annual expenses. Compared to the national median property tax rate of 0.99%, the local rates can significantly influence the overall affordability of homeownership in the area.
Average Angora Tax Bill
$2,920
Average Morrill County Tax Bill
$1,479
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Angora, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69331 | $930 | $1,435 | $2,920 | $4,981 | $7,487 |
Source: Ownwell