Elsie, Nebraska Property Taxes
The median property tax rate in Elsie, NE is 1.06%, slightly higher than the national median of 0.99% but lower than Nebraska's state median of 1.75%. With the median home value in Elsie, the typical annual property tax bill reaches $1,552, which is below the national median of $2,690. Property taxes in Elsie are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Elsie’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 Elsie 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
Elsie, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$1,435
$1,332
Ownwell’s Elsie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Elsie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Elsie 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 Elsie, Nebraska
Property taxes in Elsie, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Elsie is 1.06%, significantly higher than the U.S. national median of 0.99%. Local government entities within Elsie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Elsie 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 Elsie's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 69134 has both the highest and the lowest median property tax rate of 1.06%. Understanding how these areas compare with Elsie provides valuable insights into the varying tax landscape across Perkins County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Elsie Tax Rate
1.06%
Average Perkins County Tax Rate
1.33%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elsie, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69134 | 1.01% | 1.02% | 1.06% | 1.41% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Elsie, Nebraska
In Elsie, 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 Perkins 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 Elsie, 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 Elsie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 69134 has the highest median tax bill in the area at $1,552.
Average Elsie Assessed Value
$135,364
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 Elsie, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69134 | $16,000 | $43,250 | $135,364 | $317,116 | $650,890 |
Source: Ownwell
Property Tax Bills Across Elsie, Nebraska
In Elsie, NE, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the market value of the property. For example, with a median home price of $135,364 in Elsie, the assessed value is used to calculate the tax bill. Local tax rates are applied to this assessed value to determine the final tax bill. Factors such as local government budgets, school funding, and public services influence these tax rates. In Perkins County, tax bills can vary significantly. The 25th percentile tax bill is $625, while the 75th percentile tax bill reaches $3,632, and the 90th percentile can be as high as $6,714. This variability affects homeowners differently. Those with higher-valued properties or in areas with higher tax rates will pay more in property taxes, impacting their annual financial planning. Compared to the national median property tax rate of 0.99%, Elsie's rates reflect local economic and governmental factors.
Average Elsie Tax Bill
$1,552
Average Perkins County Tax Bill
$1,412
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Elsie, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69134 | $257 | $625 | $1,552 | $3,632 | $6,714 |
Source: Ownwell