Adams, Nebraska Property Taxes
The median property tax rate in Adams, Nebraska is 1.58%, which is notably higher than the national median of 0.99% but slightly lower than Nebraska's state median of 1.75%. With the median home value in Adams at $278,174, the typical annual property tax bill amounts to $4,409, surpassing the national median of $2,690. Property taxes in Adams are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Adams' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Adams 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
Adams, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$4,395
$4,079
Ownwell’s Adams Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Adams with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Adams 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 Adams, Nebraska
Property taxes in Adams, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Adams is 1.58%, significantly higher than the U.S. national median of 0.99%. Local government entities within Adams set these rates annually, and they can vary significantly across different neighborhoods. Each year, Adams 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 Adams' effective property tax rate to other areas in Nebraska and the national median. For comparison, the 68301 zip code has the highest median property tax rate of 1.58%, while the 68301 zip code also has the lowest median tax rate of 1.58%. Understanding how these cities compare with Adams provides valuable insights into the varying tax landscape across Otoe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Adams Tax Rate
1.58%
Average Otoe County Tax Rate
1.92%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Adams, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68301 | 1.47% | 1.48% | 1.58% | 1.70% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Adams, Nebraska
In Adams, 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 Otoe 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 Adams, 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 Adams helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 68301 has the highest and lowest median tax bill at $4,409.
Average Adams Assessed Value
$278,174
Average Otoe County Assessed Value
$121,530
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Adams, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68301 | $160,084 | $202,850 | $278,174 | $359,343 | $503,876 |
Source: Ownwell
Property Tax Bills Across Adams, Nebraska
In ADAMS, located in Otoe County, NE, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Several factors are considered, including property size, location, and improvements. Homeowners in ADAMS experience a range of tax bills. For instance, the tax bill at the 25th percentile is $2,909, while at the 75th percentile, it rises to $5,698. Those in the 90th percentile see tax bills as high as $8,279. The median home price in the area is $278,174, which influences the overall tax burden. Comparatively, the national median property tax rate is 0.99%, making ADAMS’ rates significant for homeowners. These taxes fund local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Understanding these factors helps homeowners anticipate their financial responsibilities and the benefits derived from their contributions.
Average Adams Tax Bill
$4,409
Average Otoe County Tax Bill
$2,328
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Adams, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68301 | $2,162 | $2,909 | $4,409 | $5,698 | $8,279 |
Source: Ownwell