Rose, Nebraska Property Taxes
The median property tax rate in ROSE, NE is 1.04%, slightly higher than the national median of 0.99% but significantly lower than the Nebraska state median of 1.75%. With the median home value in ROSE at $228,295, the typical annual property tax bill is $2,385, which is just below the national median of $2,690. Property taxes in ROSE are calculated based on the assessed value, which often falls below market value due to exemptions like those for primary residences and agricultural properties. Understanding ROSE'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 ROSE or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rose, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$2,374
Ownwell’s ROSE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ROSE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ROSE 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 Rose, Nebraska
Property taxes in Rose, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rose is 1.04%, higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Rose set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rose 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 Rose's effective property tax rate to other areas in Nebraska and the national median. For comparison, the zip code 68714 has the highest median property tax rate of 1.04%, while the lowest median tax rate is also 1.04% within the same zip code. Understanding how these cities compare with Rose provides valuable insights into the varying tax landscape across Rock County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rose Tax Rate
1.04%
Average Rock County Tax Rate
1.05%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rose, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68714 | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Rose, Nebraska
In ROSE, 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 Rock 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 ROSE, 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 ROSE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 68714 at $2,385, which is also the lowest, highlighting a uniform tax landscape in the area.
Average Rose Assessed Value
$228,295
Average Rock County Assessed Value
$71,868
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rose, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68714 | $228,295 | $228,295 | $228,295 | $228,295 | $228,295 |
Source: Ownwell
Property Tax Bills Across Rose, Nebraska
In the city of Rose, located in Rock County, NE, property tax bills are calculated based on the assessed value of a home. The median home price in Rose is $228,295. To determine the tax bill, local tax authorities apply the property tax rate to the assessed value of the property. This rate is influenced by various factors including local government budgets, school district funding needs, and infrastructure maintenance requirements. Homeowners in Rose experience a uniform property tax bill, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $2,385. This consistency indicates a stable tax environment, which can be beneficial for budgeting and financial planning. Compared to the national median property tax rate of 0.99%, homeowners in Rose may find their tax bills to be relatively predictable and manageable. Overall, property taxes in Rose are a significant factor for homeowners to consider, impacting their annual expenses and the long-term affordability of their homes.
Average Rose Tax Bill
$2,385
Average Rock County Tax Bill
$970
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Rose, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68714 | $2,385 | $2,385 | $2,385 | $2,385 | $2,385 |
Source: Ownwell