Yutan, Nebraska Property Taxes
The median property tax rate in Yutan, NE is 1.93%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Yutan at $211,448, the typical annual property tax bill reaches $3,758, exceeding the national median of $2,690. Property taxes in Yutan 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 Yutan'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 Yutan 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
Yutan, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.93%
Estimate Property Tax Bill
$4,081
Ownwell’s Yutan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Yutan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Yutan 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 Yutan, Nebraska
Property taxes in Yutan, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Yutan is 1.93%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Yutan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Yutan 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 Yutan's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68073 zip code has the highest median property tax rate of 1.93%, while the same zip code also has the lowest median tax rate of 1.93%. Understanding how these cities compare with Yutan provides valuable insights into the varying tax landscape across Saunders County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Yutan Tax Rate
1.93%
Average Saunders County Tax Rate
1.77%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Yutan, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68073 | 1.51% | 1.53% | 1.93% | 1.93% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Yutan, Nebraska
In Yutan, 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 Saunders 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 Yutan, 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 highest median tax bill in Yutan is $3,758 in zip code 68073, which is notably higher than the national median property tax rate of 0.99%. By being aware of these valuation processes, property owners can identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Yutan Assessed Value
$211,448
Average Saunders County Assessed Value
$199,000
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Yutan, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68073 | $111,112 | $136,534 | $211,448 | $365,703 | $514,540 |
Source: Ownwell
Property Tax Bills Across Yutan, Nebraska
In Yutan, located in Saunders County, NE, property tax bills are calculated based on the assessed value of a property. The local tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including the property's market value, location, and any improvements made to it. For instance, the median home price in Yutan is $211,448. Homeowners in Yutan experience a range of property tax bills. The tax bill at the 25th percentile is $2,620, reflecting lower-valued properties or those with exemptions. At the 75th percentile, the tax bill rises to $6,201, and for the top 10% of properties, the tax bill can reach as high as $8,515. The highest median tax bill in the region is $3,758, which is notably higher than the national median property tax rate of 0.99%. These taxes fund essential local services such as schools, infrastructure, and public safety, directly impacting the quality of life for residents.
Average Yutan Tax Bill
$3,758
Average Saunders County Tax Bill
$3,382
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Yutan, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68073 | $2,039 | $2,620 | $3,758 | $6,201 | $8,515 |
Source: Ownwell