Tarnov, Nebraska Property Taxes
The median property tax rate in Tarnov, NE is 0.75%, considerably lower than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Tarnov, the typical annual property tax bill reaches $418, significantly below the national median of $2,690. Property taxes in Tarnov 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 Tarnov'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 Tarnov 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
Tarnov, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$420
$389
Ownwell’s Tarnov Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Tarnov with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tarnov to provide an accurate estimate of your property tax bill. This invaluable tool helps you understand potential tax liabilities and plan accordingly. For those interested in more granular insights, localized information on neighborhood trends is available further down the page. Your property’s assessed value, determined by the county, is crucial for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Tarnov, Nebraska
Property taxes in Tarnov, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tarnov is 1.26%, higher than both the Nebraska state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Tarnov set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tarnov 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 Tarnov's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68642 zip code has the highest median property tax rate of 1.26%, while the same zip code also has the lowest median tax rate of 1.26%. Understanding how these cities compare with Tarnov provides valuable insights into the varying tax landscape across Platte County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tarnov Tax Rate
0.75%
Average Platte County Tax Rate
1.78%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tarnov, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68642 | 0.74% | 0.75% | 0.75% | 0.75% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Tarnov, Nebraska
In Tarnov, 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 local 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 Tarnov, 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 Tarnov helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $418.00 in the 68642 zip code, while the lowest median tax bill is also $418.00 in the same zip code.
Average Tarnov Assessed Value
$55,940
Average Platte County Assessed Value
$171,615
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tarnov, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68642 | $9,286 | $25,919 | $55,940 | $72,636 | $107,774 |
Source: Ownwell
Property Tax Bills Across Tarnov, Nebraska
In Tarnov, located in Platte County, NE, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. Homeowners in Tarnov can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $211, the 75th percentile at $533, and the 90th percentile reaching up to $842. These figures illustrate the range of property tax burdens within the community. Factors such as property size, location, and improvements can influence the assessed value and, consequently, the tax bill. For example, properties in ZIP code 68642 have a median tax bill of $418, which is relatively modest compared to the national median property tax rate of 0.99%. Understanding how these factors contribute to their property tax bills can help homeowners in Tarnov better manage their expenses and plan for the future.
Average Tarnov Tax Bill
$418
Average Platte County Tax Bill
$2,760
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Tarnov, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68642 | $68 | $211 | $418 | $533 | $842 |
Source: Ownwell