Stuart, Nebraska Property Taxes
The median property tax rate in Stuart, NE is 1.75%, significantly higher than the national median of 0.99%. With the median home value in Stuart, the typical annual property tax bill is $131, which is below the national median of $2,690. Property taxes in Stuart are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Stuart'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 Stuart or another part of Rock County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stuart, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.75%
Estimate Property Tax Bill
$130
$121
Ownwell’s Stuart Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stuart with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stuart 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 Stuart, Nebraska
Property taxes in Stuart, Nebraska, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Stuart is 1.75%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Stuart set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stuart 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 Stuart's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68780 has the highest median property tax rate of 1.75%, while the same zip code also has the lowest median tax rate of 1.75%. Understanding how these cities compare with Stuart 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 Stuart Tax Rate
1.75%
Average Rock County Tax Rate
1.05%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stuart, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68780 | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% |
Source: Ownwell
Property Tax Assessment Values Across Stuart, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Stuart, 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 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 Stuart, 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 Stuart helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Stuart, the highest and lowest median tax bills are both $131, found in the 68780 zip code.
Average Stuart Assessed Value
$7,445
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 Stuart, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68780 | $7,445 | $7,445 | $7,445 | $7,445 | $7,445 |
Source: Ownwell
Property Tax Bills Across Stuart, Nebraska
In Stuart, Nebraska, property tax bills are calculated based on the assessed value of a property, which is determined by the local county assessor's office. The assessed value is a percentage of the market value of the home. For instance, with the median home price in Stuart being $7,445, the property tax bill is relatively low compared to national standards. Homeowners in Stuart can expect a property tax bill around $131, which is consistent across various percentiles, including the 25th, 75th, and 90th percentiles. This uniformity suggests a stable tax rate within the area. Several factors contribute to the calculation of property tax bills, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. For homeowners, this means that even minor fluctuations in assessed values or tax rates can impact their annual tax obligations. Despite the low median tax bill in Stuart, understanding these factors is crucial for homeowners to manage their financial planning effectively. Comparing this to the national median property tax rate of 0.99%, Stuart offers a significantly lower tax burden.
Average Stuart Tax Bill
$131
Average Rock County Tax Bill
$970
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Stuart, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68780 | $131 | $131 | $131 | $131 | $131 |
Source: Ownwell