Swanton, Nebraska Property Taxes
The median property tax rate in Swanton, Nebraska is 1.78%, noticeably higher than both the national median of 0.99% and Nebraska's state median of 1.75%. With a median home value of $58,285 in Swanton, the typical annual property tax bill amounts to $746, which falls below the national median of $2,690. Property taxes in Swanton are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Swanton'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 Swanton or another part of Saline County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Swanton, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.78%
Estimate Property Tax Bill
$1,037
Ownwell’s Swanton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Swanton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Swanton 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 Swanton, Nebraska
Property taxes in Swanton, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Swanton is 1.78%, significantly higher than the U.S. national median of 0.99%. Local government entities within Swanton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Swanton 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 Swanton's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68445 zip code has both the highest and lowest median property tax rate of 1.78%. Understanding how these cities compare with Swanton provides valuable insights into the varying tax landscape across Saline County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Swanton Tax Rate
1.78%
Average Saline County Tax Rate
1.73%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Swanton, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68445 | 1.08% | 1.10% | 1.78% | 1.78% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Swanton, Nebraska
In Swanton, 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 Saline 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. In Swanton, 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. The median home price in Swanton is $58,285, with tax bills ranging from $314 at the 25th percentile to $6,906 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 68445, with a median tax bill of $746. Being aware of these valuation processes in Swanton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Swanton Assessed Value
$58,285
Average Saline County Assessed Value
$121,445
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Swanton, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68445 | $12,598 | $19,044 | $58,285 | $251,142 | $602,478 |
Source: Ownwell
Property Tax Bills Across Swanton, Nebraska
In Swanton, property tax bills are determined by a combination of assessed property value and the local tax rate set by Saline County. The median home price in Swanton is $58,285. To calculate the tax bill, the assessed value of a property is multiplied by the local tax rate. For example, the 25th percentile tax bill is $314, while the 75th percentile tax bill can reach up to $2,858. At the higher end, the 90th percentile tax bill goes as high as $6,906. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. Homeowners in Swanton should be aware that their property tax bills can vary significantly depending on these factors. Compared to the national median property tax rate of 0.99%, the tax rates in Swanton reflect the local economic conditions and public service funding needs. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Swanton Tax Bill
$746
Average Saline County Tax Bill
$2,074
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Swanton, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68445 | $160 | $314 | $746 | $2,858 | $6,906 |
Source: Ownwell