Saint Edward, Nebraska Property Taxes
The median property tax rate in Saint Edward, NE is 1.05%, slightly higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $393,645, the typical annual property tax bill in Saint Edward reaches $4,087, surpassing the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Saint Edward'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 Saint Edward 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
Saint Edward, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$4,133
Ownwell’s SAINT EDWARD Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SAINT EDWARD with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SAINT EDWARD 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 Saint Edward, Nebraska
Property taxes in Saint Edward, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Edward is 1.05%, higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Saint Edward set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Edward 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 Saint Edward's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68660 zip code has the highest median property tax rate of 1.05%, while the same zip code also has the lowest median tax rate of 1.05%. Understanding how these cities compare with Saint Edward provides valuable insights into the varying tax landscape across Nance County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Edward Tax Rate
1.05%
Average Nance County Tax Rate
1.73%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Edward, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68660 | 0.26% | 1.03% | 1.05% | 1.15% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Saint Edward, Nebraska
In Saint Edward, 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 Nance 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 Saint Edward, 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 Saint Edward helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median property tax bill here is $4,087, with the highest and lowest median tax bills both found in the 68660 zip code.
Average Saint Edward Assessed Value
$393,645
Average Nance County Assessed Value
$104,025
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Edward, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68660 | $118,955 | $200,420 | $393,645 | $734,850 | $857,970 |
Source: Ownwell
Property Tax Bills Across Saint Edward, Nebraska
In Saint Edward, Nance County, NE, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $393,645, homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. Factors influencing the tax bill include the property's location, size, and any improvements made. Additionally, local government budgets and voter-approved levies play significant roles. Homeowners in Saint Edward might see tax bills ranging from $2,222 at the 25th percentile to $8,682 at the 75th percentile, with the 90th percentile reaching up to $8,851. These property taxes fund essential public services, including schools, infrastructure, and emergency services, directly affecting the quality of life in the community. Homeowners should stay informed about their property's assessed value and any potential exemptions to manage their tax liabilities effectively.
Average Saint Edward Tax Bill
$4,087
Average Nance County Tax Bill
$1,688
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Edward, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68660 | $308 | $2,222 | $4,087 | $7,682 | $8,851 |
Source: Ownwell