Grant, Nebraska Property Taxes
The median property tax rate in Grant, NE is 1.46%, considerably higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in Grant at $119,188, the typical annual property tax bill reaches $1,604, which is below the national median of $2,690. Property taxes in Grant are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Grant'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 Grant 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
Grant, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.46%
Estimate Property Tax Bill
$1,740
$1,615
Ownwell’s Grant Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Grant using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grant to estimate your property tax bill. This valuable tool helps you comprehend potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Grant, Nebraska
Property taxes in Grant, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grant is 1.46%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Grant set these rates annually, and they can vary across different neighborhoods. Each year, Grant 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 Grant's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 69140 has the highest median property tax rate of 1.46%, while the same zip code also has the lowest median tax rate of 1.46%. Understanding how these areas compare with Grant 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 Grant Tax Rate
1.46%
Average Perkins County Tax Rate
1.33%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grant, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69140 | 1.02% | 1.03% | 1.46% | 1.46% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Grant, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Grant, Nebraska. 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 Grant, 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 Grant helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,604, occurring in zip code 69140.
Average Grant Assessed Value
$119,188
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 Grant, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69140 | $37,198 | $68,411 | $119,188 | $199,838 | $308,575 |
Source: Ownwell
Property Tax Bills Across Grant, Nebraska
In Grant, located in Perkins County, NE, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Grant is $119,188. The local tax rate, when applied to this assessed value, determines the annual property tax bill for homeowners. Factors such as property size, location, and improvements can influence the assessed value, leading to variations in tax bills. For homeowners in Grant, the 25th percentile tax bill is approximately $888, while the 75th percentile reaches $2,521, and the 90th percentile can be as high as $3,768. These figures illustrate the range of property tax burdens depending on individual property assessments. Compared to the national median property tax rate of 0.99%, Grant's rates can be seen as relatively moderate, providing a balanced approach to funding local services while impacting homeowners' finances. Understanding these factors helps homeowners anticipate their annual tax obligations and plan their budgets accordingly.
Average Grant Tax Bill
$1,604
Average Perkins County Tax Bill
$1,412
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Grant, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69140 | $454 | $888 | $1,604 | $2,521 | $3,768 |
Source: Ownwell