Perkins County Property Taxes
The median property tax rate in Perkins County is 1.33%, which is significantly higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in Perkins County at $109,935, the typical annual property tax bill is $1,412, which is below the national median of $2,690. Property taxes in Perkins County are calculated based on the assessed value, which generally falls below the actual market value due to various property tax exemptions like primary residence and agricultural exemptions. Understanding Perkins County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Grant or another part of Perkins County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Perkins County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$1,462
$1,357
Ownwell’s Perkins County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Perkins County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Perkins County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Perkins County, Nebraska
Property taxes in Perkins County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Perkins County is 1.33%, which is higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Perkins County set these rates annually, and they can vary significantly between different areas within the county. Each year, Perkins County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Perkins County's effective property tax rate with other areas in Nebraska and the national median. For comparison, the city of Grant has one of the higher property tax rates in Nebraska at 1.46%, while the city of Brule boasts one of the lowest at 1.01%. Analyzing how Perkins County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Perkins County Tax Rate
1.33%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Perkins County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Big Springs | 0.88% | 1.01% | 1.01% | 1.16% | 1.16% |
| Brandon | 1.03% | 1.03% | 1.03% | 1.03% | 1.03% |
| Brule | 0.99% | 1.00% | 1.01% | 1.01% | 1.14% |
| Elsie | 1.01% | 1.02% | 1.06% | 1.41% | 1.41% |
| Grant | 1.02% | 1.03% | 1.46% | 1.46% | 1.46% |
| Imperial | 1.03% | 1.03% | 1.03% | 1.03% | 1.03% |
| Madrid | 1.02% | 1.03% | 1.33% | 1.33% | 1.33% |
| Ogallala | 1.00% | 1.01% | 1.02% | 1.03% | 1.03% |
| Paxton | 1.04% | 1.04% | 1.04% | 1.04% | 1.05% |
| Venango | 1.03% | 1.05% | 1.41% | 1.41% | 1.41% |
| Wallace | 1.00% | 1.25% | 1.26% | 1.26% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Perkins County, Nebraska
In Perkins County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Perkins County Appraisal District. The assessed value, however, 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. Assessment notices in Perkins County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For example, in Perkins County, the highest median tax bill is in Paxton at $3,863, while the lowest is in Brandon at $305. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Perkins County, Nebraska
Source: Ownwell
$29,652
$200,139
$370,626
Average Perkins County Assessed Value
$109,935
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Perkins County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Big Springs | $69,177 | $111,180 | $196,570 | $340,371 | $482,785 |
| Brandon | $11,625 | $18,385 | $29,652 | $40,920 | $47,680 |
| Brule | $108,873 | $113,890 | $202,254 | $260,215 | $350,011 |
| Elsie | $16,000 | $43,250 | $135,364 | $317,116 | $650,890 |
| Grant | $37,198 | $68,411 | $119,188 | $199,838 | $308,575 |
| Imperial | $102,277 | $119,129 | $122,143 | $417,895 | $420,812 |
| Madrid | $15,900 | $34,000 | $89,000 | $240,618 | $560,903 |
| Ogallala | $83,776 | $153,551 | $249,726 | $325,508 | $410,096 |
| Paxton | $283,299 | $293,804 | $370,626 | $431,338 | $872,312 |
| Venango | $13,772 | $30,885 | $61,575 | $112,691 | $283,437 |
| Wallace | $5,190 | $35,250 | $127,703 | $344,517 | $611,000 |
Source: Ownwell
Property Tax Bills Across Perkins County, Nebraska
In Perkins County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The tax rate is applied to this assessed value to determine the annual tax bill. Factors such as the median home price, which stands at $109,935, play a significant role in determining the assessed value. Homeowners in the 25th percentile can expect an annual tax bill of around $689, while those in the 75th percentile face a bill of approximately $2,604. For the top 10% of property values, tax bills can soar to $4,517. The impact on homeowners varies significantly across different regions within Perkins County. For instance, Paxton has the highest median tax bill at $3,863, whereas Brandon has the lowest at $305. These variations highlight the importance of property location and value in determining tax obligations. Comparatively, the national median property tax rate is 0.99%, making Perkins County's rates reflective of local property values and tax policies.
Average Perkins County Tax Bill
$1,412
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Perkins County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Big Springs | $561 | $929 | $2,275 | $3,439 | $4,875 |
| Brandon | $119 | $189 | $305 | $421 | $490 |
| Brule | $1,174 | $1,301 | $2,035 | $2,582 | $3,507 |
| Elsie | $257 | $625 | $1,552 | $3,632 | $6,714 |
| Grant | $454 | $888 | $1,604 | $2,521 | $3,768 |
| Imperial | $1,035 | $1,179 | $2,785 | $4,314 | $4,320 |
| Madrid | $214 | $441 | $1,106 | $2,536 | $5,717 |
| Ogallala | $864 | $1,577 | $2,520 | $3,327 | $4,201 |
| Paxton | $2,947 | $3,057 | $3,863 | $4,532 | $9,117 |
| Venango | $195 | $443 | $819 | $1,508 | $2,953 |
| Wallace | $61 | $435 | $1,200 | $4,444 | $6,596 |
Source: Ownwell