Stella, Nebraska Property Taxes
The median property tax rate in Stella, NE is 1.09%, 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 $193,702 in Stella, the typical annual property tax bill reaches $2,034, which is below the national median of $2,690. Property taxes in Stella are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Stella'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 Stella or another part of Nemaha County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stella, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$2,111
Ownwell’s Stella Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stella with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stella 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 Stella, Nebraska
Property taxes in Stella, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stella is 1.09%, higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Stella set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stella 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 Stella's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68442 zip code has both the highest and lowest median property tax rate of 1.09%. Understanding how these areas compare with Stella provides valuable insights into the varying tax landscape across Nemaha County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stella Tax Rate
1.09%
Average Nemaha County Tax Rate
1.57%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stella, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68442 | 0.36% | 0.80% | 1.09% | 1.11% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Stella, Nebraska
In Stella, 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 Nemaha County Assessor 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 Stella, 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 Stella helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Stella is $2,034 in the 68442 zip code, while the lowest median tax bill is also $2,034 in the same zip code.
Average Stella Assessed Value
$193,702
Average Nemaha County Assessed Value
$86,266
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stella, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68442 | $115,397 | $153,594 | $193,702 | $295,514 | $425,475 |
Source: Ownwell
Property Tax Bills Across Stella, Nebraska
In Stella, located in Nemaha County, NE, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by the county assessor and reflects the market value of the property. Various factors are considered in this assessment, including the size, age, and condition of the property, as well as recent sales of comparable properties in the area. Homeowners in Stella can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $1,231, while at the 75th percentile, it climbs to $2,879. At the 90th percentile, it can reach as high as $4,635. These figures illustrate the range within which property tax bills can fall, depending on the specific characteristics and assessed value of the property. Compared to the national median property tax rate of 0.99%, Stella's property tax rates can have a notable impact on homeowners, influencing their overall cost of living and financial planning.
Average Stella Tax Bill
$2,034
Average Nemaha County Tax Bill
$1,413
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Stella, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68442 | $645 | $1,231 | $2,034 | $2,879 | $4,635 |
Source: Ownwell