Dalton, Nebraska Property Taxes
The median property tax rate in Dalton, NE is 1.38%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Dalton, the typical annual property tax bill reaches $3,176, exceeding the national median of $2,690. Property taxes in Dalton 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 Dalton'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 Dalton 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
Dalton, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$2,751
Ownwell’s Dalton Property Tax Bill Calculator makes it easy for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Dalton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dalton to provide an estimate of your property tax bill. This valuable tool helps you grasp potential tax liabilities effortlessly. For those interested in more granular data, scroll down to explore neighborhood-level trends. Your property’s assessed value is the value assigned by the county for property tax calculations, factoring in any applicable exemptions.
Property Tax Rates Across Dalton, Nebraska
Property taxes in Dalton, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dalton is 1.38%, significantly higher than the U.S. national median of 0.99%. Local government entities within Dalton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dalton 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 Dalton's effective property tax rate to other regions in Nebraska and the national median. For comparison, the zip code 69131 has both the highest and lowest median property tax rate of 1.38%. Understanding how these cities compare with Dalton 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 Dalton Tax Rate
1.38%
Average Morrill County Tax Rate
1.83%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dalton, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69131 | 1.06% | 1.37% | 1.38% | 1.39% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Dalton, Nebraska
In Dalton, 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 Dalton, 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. The median home price in Dalton is $199,360, with the 25th percentile tax bill at $2,360 and the 75th percentile tax bill at $3,564. The highest median tax bill is $3,176 in the 69131 zip code, which also has the lowest median 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 Dalton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dalton Assessed Value
$199,360
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 Dalton, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69131 | $111,133 | $170,658 | $199,360 | $260,030 | $366,685 |
Source: Ownwell
Property Tax Bills Across Dalton, Nebraska
In Dalton, Morrill County, NE, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value typically represents a percentage of the property's market value, which is determined by the county assessor. Homeowners in Dalton face a property tax rate that is influenced by local government budgets, school funding, and public services. For instance, with a median home price of $199,360, homeowners can expect a tax bill that varies significantly. The 25th percentile tax bill is approximately $2,360, while the 75th percentile reaches around $3,564. At the 90th percentile, the tax bill can go up to $4,550, indicating a substantial variation based on property value and other factors. Compared to the national median property tax rate of 0.99%, Dalton's tax rates can result in higher tax bills, impacting homeowners' annual expenses. Understanding these factors is crucial for homeowners to anticipate their financial obligations and manage their budgets effectively.
Average Dalton Tax Bill
$3,176
Average Morrill County Tax Bill
$1,479
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Dalton, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69131 | $1,486 | $2,360 | $3,176 | $3,564 | $4,550 |
Source: Ownwell