Axtell, Nebraska Property Taxes
The median property tax rate in Axtell, NE is 1.13%, 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 Axtell at $330,022, the typical annual property tax bill reaches $3,733, surpassing the national median of $2,690. Property taxes in Axtell are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Axtell'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 Axtell or elsewhere in Phelps County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Axtell, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$3,729
Ownwell’s Axtell Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Axtell with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Axtell to provide an estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities. Scroll down to explore neighborhood-level trends for more localized insights. Your property’s assessed value is determined by the county for property tax purposes and includes any applicable exemptions.
Property Tax Rates Across Axtell, Nebraska
Property taxes in Axtell, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Axtell is 1.13%, which is higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Axtell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Axtell 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 Axtell's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68924 has the highest median property tax rate of 1.13%, while the same zip code also has the lowest median tax rate of 1.13%. Understanding how these cities compare with Axtell 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 Axtell Tax Rate
1.13%
Average Phelps County Tax Rate
1.69%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Axtell, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68924 | 1.03% | 1.12% | 1.13% | 1.13% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Axtell, Nebraska
In Axtell, 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 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 Axtell, 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 Axtell 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 $3,733, found in the 68924 zip code.
Average Axtell Assessed Value
$330,022
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 Axtell, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68924 | $147,131 | $188,625 | $330,022 | $965,461 | $1,534,538 |
Source: Ownwell
Property Tax Bills Across Axtell, Nebraska
In Axtell, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For example, with a median home price of $330,022, the assessed value is determined by local assessors. This assessed value is then multiplied by the property tax rate set by local taxing authorities to determine the tax bill. In Phelps County, the tax bills can vary significantly. Homeowners in the 25th percentile can expect to pay around $2,138, while those in the 75th percentile might see bills as high as $10,776. The 90th percentile tax bill can reach up to $16,256. The highest and lowest median tax bills both stand at $3,733 in the zip code 68924. These property taxes fund essential services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Homeowners must budget for these taxes as part of their annual expenses, which can influence their overall financial planning.
Average Axtell Tax Bill
$3,733
Average Phelps County Tax Bill
$1,908
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Axtell, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68924 | $1,668 | $2,138 | $3,733 | $10,776 | $16,256 |
Source: Ownwell