Atlanta, Nebraska Property Taxes
The median property tax rate in Atlanta, NE is 1.16%, which is notably higher than the national median of 0.99%, yet lower than the Nebraska state median of 1.75%. With a median home value of $35,475 in Atlanta, the typical annual property tax bill is $414, significantly below the national median of $2,690. Property taxes in Atlanta are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Atlanta'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 Atlanta 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
Atlanta, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$412
Ownwell’s Atlanta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Atlanta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Atlanta 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 Atlanta, Nebraska
Property taxes in Atlanta, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Atlanta is 1.16%, significantly higher than the U.S. national median of 0.99%. Local government entities within Atlanta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Atlanta 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 Atlanta's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68923 zip code has the highest median property tax rate of 1.16%, while the same zip code also has the lowest median tax rate of 1.16%. Understanding how these cities compare with Atlanta provides valuable insights into the varying tax landscape across Phelps County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Atlanta Tax Rate
1.16%
Average Phelps County Tax Rate
1.69%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Atlanta, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68923 | 1.16% | 1.16% | 1.16% | 1.16% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Atlanta, Nebraska
In Atlanta, 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 Phelps 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. Assessment notices in Atlanta 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. The median home price in Atlanta is $35,475, with tax bills ranging from $171 at the 25th percentile to $1,637 at the 90th percentile. The zip code 68923 has both the highest and lowest median tax bill at $414. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Atlanta Assessed Value
$35,475
Average Phelps County Assessed Value
$118,096
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Atlanta, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68923 | $5,100 | $15,968 | $35,475 | $90,765 | $132,628 |
Source: Ownwell
Property Tax Bills Across Atlanta, Nebraska
In Atlanta, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by county assessors who evaluate various factors such as the property's size, location, and market conditions. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. For instance, in Phelps County, the median home price is $35,475. Property tax bills can vary significantly, with the 25th percentile paying around $171 and the 75th percentile paying approximately $1,081. Homeowners in the 90th percentile might see tax bills as high as $1,637. The highest and lowest median tax bills in the county are both $414, indicating some consistency in the tax assessments within certain areas. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. For homeowners, understanding how their property tax bill is calculated can help them plan their finances more effectively and potentially appeal their assessments if they believe they are overvalued.
Average Atlanta Tax Bill
$414
Average Phelps County Tax Bill
$1,908
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Atlanta, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68923 | $66 | $171 | $414 | $1,081 | $1,637 |
Source: Ownwell